Governments reach agreement on Muskrat Falls financing

Just a few days after the report on cost options for the Muskrat Falls Project was released, the Government of Newfoundland and Labrador has announced how it plans to proceed to cover the cost of the project.

Premier Dwight Ball and federal Minister of Natural Resources Seamus O’Regan announced, what they believe, will be a sustainable, long-term solution to protect ratepayers from the negative impacts of the Muskrat Falls Project.

“We committed to protecting ratepayers from the negative impacts of the Muskrat Falls Project,” Ball said. “Working with the Government of Canada, we have extensively analyzed the true financial structure of the Muskrat Falls Project, which was sanctioned by the previous government in 2012. We have identified a long-term solution on behalf of the people of the province.”

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