“Alberta’s power companies are very concerned with the fact that this government may legislate changes to a legal contract that was signed over 15 years ago, ,” said Rick Fraser, MLA for Calgary-South East and the Progressive Conservative critic for Energy and Environment. “This government should be doing everything they can to rebuild investor confidence, not taking steps to damage it further. They can take that first step today by being transparent and honest about their intentions regarding PPAs.”
Last week during Question Period, Fraser asked the government to commit to not legislating a solution to the PPA mess that they themselves created. The Minister of Environment refused to answer the question and instead used the opportunity to further vilify companies that have invested billions of dollars back into Alberta communities.
“Private industry and investors want to work alongside this government to address climate change and further develop green energy technologies,” said Fraser. “But what investor would want to do business with a government that sees no problem in abusing its power to abolish longstanding legal contracts? It’s time for the NDP to do the right thing and abandon its attack on the electricity industry and start working with our partners in Alberta’s best interest.”