Thursday, November 29, 2012

OPG credit rating


Standard & Poors has changed the credit outlook for Ontario Power Generation to "negative," citing in part "the negative outlook on the utility's shareholder, the province of Ontario."

Now, I have to be real careful in not being catty about the 'old company'.  It doesn't do my mental health any good, and I have my pension.  :)

The Darlington rebuild comes early because they drove that plant into the ground.  All the original designers are rolling in their lawn chairs.  You can see that the slop in possible costs easily encompasses the few billion in overrun for the Niagara Tunnel, which is probably already hidden in the Darlington capital draw.

Anyway, for Christmas, I wish them the best of luck.

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