Today the government of Canada approved a pipeline, which some see as contrasting with it declaring a climate emergency yesterday. To assuage the concern the government has promised to do blindingly good things with profits from the pipeline, including promising “every dollar the federal government earns from this project will be invested in Canada’s clean energy transition,” and launching, “the next phase of engagement with Indigenous groups on ways they could share in the benefits of the expansion, including through equity ownership or revenue sharing.”
When the Prime Minister was elected he brought two veterans of Ontario’s Liberal government to Ottawa as his top advisors, so this seems an opportune time to examine one “clean energy” initiative geared to invest in Aboriginal communities.
The $2.6 billion expansion on hydroelectric generating stations on the Lower Mattagami river.
The $2.6 billion Lower Mattagami Project has allowed Ontario Power Generation [OPG] to produce more clean, renewable electricity from new generating units.
I checked – all the way back to the construction of the first of 3 generating stations OPG built on the Lower Mattagami. A fourth site, Smoky, already existed but it was a private generator until 1991, so I had to estimate that data. If the completed project has allowed OPG to to more, OPG has found other reasons not to do so.
I’ve been writing little but learning more recently. I’ve written multiple times on the inability of Ontario to fully utilize its water rights on the Niagara river, so that’s some data that I looked to learn some new data connections and summary techniques. Having advanced to where I can easily update to the latest available data I thought I’d share this view summarizing it – and offer some brief comments explaining the significance.
Ontario Power Generation Inc. (OPG or Company) today reported net income attributable to the Shareholder of $860 million for 2017, compared to $436 million in 2016.
That must be considered a great number in the context of the income history at OPG as it’s the highest they’ve ever accomplished. The apparently excellent results may leave some wondering what critics commenting on the sector have been braying on about. I, a critic, have reviewed the results and found some things to bray about.
Ontario continues to waste its water rights on the Niagara river.
I revisited some posts I’ve written on this topic today, and updated data to bring the graphics up to the end of 2015
A very quick refresher to explain this first graphic.
The U.S. and Canada share water rights on the Niagara river. Ontario Power Generation (OPG) runs the Niagara river power plants in Ontario, and there are similar plants on the U.S side (R. Moses Niagara). When I first encountered the issue in 2011, the U.S. side had additional generation because OPG could not get enough water through its turbines to utilize the full allocation.
This was first posted on my coldaircurrents site – which I use for posting found items of interest. This post went beyond pointing out OPG’s 2014 results, with enough of an edge I’m double posting it here.
OPG’s final 2014 results have been released and the net income they are reporting is, if my records are correct, the highest since 1998
[Toronto]: – Ontario Power Generation Inc. (OPG or Company) today reported income of $568 million, before extraordinary gain, for 2014 compared to $135 million for 2013. Net income, after extraordinary gain, for 2014 was $811 million, compared to $135 million in 2013.
Let me tell you about extraordinary items.
There are new business segments for contracted generation (biomass, hydro and gas partnerships) and eliminated business segments (thermal, or fossil fuels, and non-regulated hydro).