Quote:
Originally Posted by redpoint5
 I thought Canada does everything right. That's what Michael Moore has been telling me |
Canada does some things right but a lot of things wrong. Our Nova Scotia power company was sold to the Emera Corporation in the '80s. I guess they were losing money and decided it would be best if they sold it. they sold something like 1billion dollars worth of assets for 100 million . The emera corp has been raising our rates 2 or 3 times per year since then. Emera also runs a power company in Bermuda or Bahamas andthey are in a class action suit from residents there.
this year one of the pulp and paper mills closed down. they purchase millions of dollars worth of power every year. since they will no longer be buying power guess what happened. we got a 12% rate hike.
if smart meters are installed in Nova Scotia I can tell you what will happen. if people start to save money by monitoring our power usage. Emera will increase the rates. They are a corporation and the only people thay answer to is the share holder. DID I MENTION IT IS A MONOPOLY. we can not buy power from anyone but Emera. and they do not allow private energy producers to sell into the grid