Churchill Falls: Newfoundland urged to take a second look at energy deal [Video]

ST. JOHN’S, N.L –

Energy observers in Newfoundland and Labrador are urging the provincial government to take a sober second look at a massive tentative deal announced last week with Quebec that promises to deliver hundreds of billions of dollars in revenue to the Atlantic province.

The agreement in principle should be reviewed independently to determine whether it is fair for Newfoundland and Labrador, and whether it offers the best return for the province, Ron Penney said in an interview Tuesday. A former civil servant, Penney led a group of concerned citizens who opposed the disastrous Muskrat Falls hydroelectric project, for which the province is still deeply in debt.

“The process has been really rushed,” Penney said, referring to the recently announced deal between the two provinces. “I want to have the public utilities board get into this, right at the at the early stages.”

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