What am I talking about, I`m talking about IPPs,private power buying contracts, these three individuals are well aware of Gordon Campbell`s obsession to privatize our public power, back in 2002 Gordon Campbell by cabinet order made it illegal for BC Hydro to generate new power sources with the exception of upgrading existing heritage power sources, other than upgrades BC Hydro was shut out, Gordon Campbell said that all new power must come from private IPPs.
And it`s my opinion that these legislative reporters knowing how stubborn and obtuse Gordon Campbell is, rather than report the probable negative results from these actions,they decided to buy in to private power IPPs, it`s no secret that Naikun Power and especially Plutonic power`s new directors and staff are almost all former BC Liberals from the Gordon Campbell administration, and of course Keith Baldrey,Sean Leslie and Michael Smyth are aware of this, yet they never ever report it, don`t you think this is something the public has a right to know? I DO!.....(read about all the BC Liberals that have gone to work for Plutonic Power here)http://www.sqwalk.com/bc2009/001652.html
Of course Sean Leslie,Keith Baldrey,Vaughn Palmer,Michael Smyth must be familiar with or have met at one time or another all these BC Liberals that are now working for Plutonic power?
It would very alarming if these legislative reporters bought stock in these IPPs and for whatever reasons failed to report the whole story, that would be negligence or worse, indeed that would be SHOCKING, I don`t know for sure if they have bought stock in these companies,I am attempting to find out.
Here`s the deal, Gordon Campbell and his government have lied so many times I have lost track, from selling BC Rail,tearing up contracts, and even very recently with the HST lie,the budget deficit lie, and all the social cuts they have made, lie after lie after lie, every MLA from the Campbell government are complicit in the lies, yet no matter how many times Gordon Campbell lies every time Gordon Campbell comes up with another statement or plan those above individuals act like it`s the truth, they act like Gordon Campbell is trustworthy, you know friends,if you are in a court of law and you lie once and get caught the court can dismiss anything further statements you make as lies, but if you lied over and over again the court would tell the jury to disregard any statements from the said liar.
But that`s not the case with legislative reporters, it`s a tight knit group in Victoria, and if those legislative reporters are aware of the mass exodus from Government present and former all heading to Plutonic power and Naikun the above legislative reporters should know that the fix is in, because that`s what it is, a fix.
Today on the Sean Leslie show Sean compared IPPs to the forestry industry, Sean said that private forestry companies sell lumber to the USA so is that any different than private IPPs selling electricity to the USA, that is the most ridiculous argument I have ever heard,of course Sean Leslie had on the head of Citizens for Green power, a BC Liberal front group promoting IPPs.......,IPPS are big donors to the BC Liberals, in fact they have donated roughly $1 million dollars since 2002 to the BC Liberals, Sean Leslie also had on a spokesperson for Citizens for public power, but from the listening I did,Sean Leslie was in full support for IPPs and argued in favour and agreement with Bruce Sanderson from citizens for green power.
I want to discuss the phony argument Sean Leslie made, where he said what`s the difference between IPPs selling electricity to the USA and private forestry companies selling lumber to the USA......Listen up Sean Leslie.......Private forestry companies don`t have the BC government guarantee a price for their logs triple the going rate for 30 years, that`s the difference, forestry companies get paid what the market will bear, they have no guarantees, if the price collapses forestry companies lose money, if the price of lumber skyrockets they can make money,there are no guarantees,NONE.....Where as the IPPs, the only way they can get money to build the power generation on our rivers is if BC Hydro,an arm of the Provincial Government gives them a 30 to 40 year guaranteed price, once they have the contract they go to the banking world and borrow money and build, there are no private companies(IPPs) that use their own money to build power generation, if they had to use their money,had no lucrative guarantee,had to go fend for themselves on the spot electrical market, they wouldn`t be here at all! So for Sean Leslie and citizens for green power trying to use that comparison, the comparison of private forestry to private power, my god, that just reeks of desperateness!
Presently the spot market for electricity is about $40 to $50 dollars,yet BC Hydro has signed deals for $120 dollars for this power, BC Hydro cannot refuse to buy this power,once they sign the contract they have to buy the power for that price, yet all this IPP power is for export, so what happens when we sell it.
If we buy power for $120 dollars and sell it for $40 dollars we lose a fortune, and,the best electrical power forecasters in the game don`t believe electric prices to go that high for decades, in fact all of our top power traders have quit PowerX and gone to work for Morgan Stanley power trading division,these traders get performance bonuses for making BC Hydro/Government profits,no profit,no bonuses, so they left.quit,adios, the head traders were making 1/2 million dollar plus yearly pay cheques,why would they leave, because with trading losses there will be no bonuses. (read about the top BC power traders quiting PowerX and moving to Morgan Stanley here)http://www.vancouversun.com/business/Toyota+recall+Prius+hybrids+worldwide/2540019/Powerex+traders+jump+rival/2475855/story.html
So I ask you faithful readers why Sean Leslie,Keith Baldrey, Michael Smyth,Vaughn Palmer, why have not one of those legislative reporters reported the obvious...
Sean Leslie,Michael Smyth,Keith Baldrey,Vaughn Palmer.....I have a question for you stooges...
What happens when we buy export power from Plutonic Power for $120 dollars and sell it for $40 dollars on the spot market? Well boys,what happens? Do we not lose lots of money?
You see friends, those 4 stooges can believe in their own mind that electricity will rise to that rate and above, anyone is entitled to a faith-based belief, but it is the responsilbility of the legislative reporters to tell all of BC what happens if the spot market doesn`t rise up, since their silence is deafening let me fill you on what will happen, We lose our shirts boys,that`s what happens.
So when these legislative reporters fail to inform the public I get suspicious, I get the feeling that they have bought into these companies looking for a killing,a killing at the expense of the BC Taxpayer, that`s what I think.
And I can hear their arguments already, Sean Leslie and the spokesperson touched on it today on his Sunday show, they said, states like California are mandated to buy 33% of their power from Green renewable power sources by 2020, well, that may well be true, but here in lies the rub, all 4 of those stooges are aware of the fact that the California senate has ruled that these mega run of river projects in BC are not green, the environmental footprint,habitat destruction and fish hydrology problems are too large for these projects to be considered Green Energy,and my dear friend bitter Brian has called into the Sean Leslie show and the cutting ledge show on Fridays and said as much about the ruling from the California Senate!(read about the California senate rejecting big run of river projects here)http://communities.canada.com/vancouversun/blogs/energy/archive/2009/04/02/british-columbia-green-power-faces-battle-in-california.aspx
Yet Sean Leslie,Michael Smyth,Keith Baldey,Vaughn Palmer,not one of those legislative reporters have told the public about the ruling by the California senate,to my recolection,if they have I have never seen it,California senate has stated that Hydro electric renew ables must be 30 megawatts or less, some of the run of river projects in BC are over 1000 megawatts, they divert multiple river systems for miles, hundreds of miles of roads,thousand of miles of transmission lines, dozens if not hundreds of bridges, fish bearing streams diverted into pipes full of turbines which means certain death to fish, fish that bears,eagles, and the whole eco system relies on.
So Keith Baldrey,Vaughn Palmer,Sean Leslie,Michael Smyth, how come none of you legislative reporters have told the public about the ruling from the California senate?How come indeed?
Sean Leslie, how is a guaranteed price for 30 to 40 years from the taxpayers of BC at triple the going spot electrical market the same as private forestry companies selling at the world lumber price that goes up and down,look how well our forestry companies are doing, Chinese imports have crushed the price of lumber,the housing market in the USA is flat,we have lost 30,000 thousand forestry jobs under Gordon Campbell, what would happen Sean Leslie if the BC government guaranteed triple the going rate for lumber for private forestry companies for decades, would we not be losing a fortune Sean Leslie?
Let me answer that question for you....Of course we would lose a fortune, are you that stupid Sean Leslie? Or do you have another motive for promoting IPPs without telling the public of the inherent risk?
And lets look at the Bute inlet proposed Green Renewable power project Sean Leslie.
Lets see, 17 fish bearing streams being diverted into pipes for miles and miles,pipes with turbines in them,gee Sean,that doesn`t sound too fish friendly does it? 450 kilometers of transmission lines, 320 kilometers of roads, 16 power houses, substations, over a hundred bridges, all in a pristine area full of bears,eagles all relying on fish to survive, is that Green power Sean? Will California buy that power for a premium?
Here is the deal stooges, California won`t pay a premium for power that isn`t green renewable power, that means we will lose a fortune on this power, and there is that other little problem all of you stooges have failed to mention, this run of river power comes on line in the spring freshet, guess what boys, that is when hydro electric demand is at its lowest in California, they`re not running their air conditioners then, and that is the same time that all of BC Hydro`s dams are full of water, historically that is the time of year when electricity is at its cheapest.
But you failed to agree with your guest from Citizens for PUBLIC power when she brought that up today, why is that Sean, have you and you fellow legislative reporters got something going on?(read how big the so-called Green IPP in Bute is here)http://www.watershedsentinel.ca/content/environmental-assessments-farce
And lets wrap this up with one more little tid-bit, Sean Leslie,you had Blair Leckstrom on today, and all you did was bob your head in agreement, no tough questions, no nothing, Blair Leckstrom continued the Government spin about BC being a net importer of power, well guess what Sean Leslie, the top traders at POWERX made us a fortune every year trading power, they let our heritage dams fill with water, and Alberta that has gas powered electricity that doesn`t shut off,in the middle of the night theAlberta power and Montana power is dirt cheap, there is no demand at that time of day, so insted of using our dam power we buy that dirt cheap and leave our heritage dam power for when we can charge a big buck to California,like at dinner time or summertime when their air conditioners are running,it`s a win win situation for BC Hydro,but not no more,now we know why the top-traders at PowerX left.
And there`s more, Blair Leckstrom in saying we are a net importer of power,fails to mention the Columbia treaty power we could use,or the Teck Comenco power that is exported, because in Fact Sean Leslie we are a net exporter of power.There are so many domestic sources of Hydro Electric power that have been omitted from the tally, the bottom line stooges, we are a net exporter of power,(read about the export/import debate herehttp://www.sqwalk.com/bc2009/001560.html
That my friends is why I started this post telling you about the Habitual Liar Gordon Campbell,the premier has lied and lied and lied some more,and yet the 4 stooges have forgotten about all those lies and say, well Gordon Campbell must be telling the truth this time!
So I ask you 4 stooges, what kind of game are you playing, what is in it for you, how much IPP stock have you bought? How deep are you guys in? Is that why all four of you have failed to report any of these facts to the public?
So friends,faithful readers, why aren`t our legislative reporters telling us the truth, why the con, they are entitled to believe what they want, but they also have a responsibility to tell all BCers the facts,all the facts,not cherry pick and obfuscate and repeat the lies of the Campbell administration! If anyone wants to hear Sean Leslie making a fool out of himself comparing lucrative power buying contracts from IPPs guaranteed by the BC Government to private forestry selling lumber to the USA . (listen here on the cknw audio vault,cue up 3:00PM Sunday,March 14th)http://www.cknw.com/other/audiovault.html
I don`t know what is going on friends, either the entire media is in on some plot to deceive or a select bunch of insiders are selling out average BC folks down the river for personal gain, I know nothing for sure except all the facts above, if it doesn`t make sense it isn`t true! All of the above is an opinion piece,I don`t know if those 4 have bought stock in IPPs, but all the other facts with links are true, and the part about Gordon Campbell being an Habitual Liar is true,you decide. What other possible reason could there be for those legislatives reporters to not report the above facts?
The deletion of facts, the denial, the obfuscation, the non-existent reporting from the four Stooges is "Deafening" and that speaks volumes to me!
The Straight Goods
Cheers-Eyes Wide Open