Edmonton, AB (July 25, 2016): Following the Alberta government’s announcement they were taking former Power Purchase Agreement (PPA) holders to court, Dr. David Swann has expressed his displeasure with both the regulations enacted by the former government and the failure by the current government to understand the consequences of their actions.
In addition to announcing the court challenge, Deputy Premier Hoffman declared that the PPA regulations had been changed at the last minute due to lobbying by Enron and that the changes were kept secret.
“The former government tried to deregulate Alberta’s power grid but instead created a system where the producers were completely protected, leaving Albertans on the hook for potential losses,” Swann said. “If the accusations made today by the Deputy Premier are correct, the PCs made a mockery of public process and Alberta families are the ones who will suffer.”
Swann also believes the government should have done a better job of fact checking before making changes that affected PPA owners.
“The current government should have been one hundred percent clear on the PPA contracts before making the changes which created this bizarre situation,” Swann continued. “At the end of the day there are no excuses for being ignorant of such vital information.”