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Utility Deferral Program: Adding Insult to Injury

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Utility Deferral Program: Adding Insult to Injury

Open Letter to Alberta MLAs and the Alberta Utilities Commission

July 23, 2021

FOR IMMEDIATE RELEASE

Red Deer – Mountain View, AB

“There are people in need of help. Charity is one of the nobler human motivations. The act of reaching into one’s own pockets to help a fellow man in need is praiseworthy and laudable. Reaching into someone else’s pocket is despicable and worthy of condemnation.” – Dr. Walter E. Williams

Recent news indicating that Alberta ratepayers will be responsible for the outstanding debt owed to gas and electricity providers from 2020’s three-month utility deferral program is beyond frustrating.

There is no question that many Albertans needed to take advantage of this deferral program when the government arbitrarily and unilaterally shuttered their livelihoods in 2020. There is also no question that outstanding debt from this program should not be the responsibility of Albertan ratepayers, many of whom saw significant reductions in income over the past year and a half due to government mandates.

As per a CBC article, Geoff Scotton, a spokesperson with the Alberta Utilities Commission, states “Now we’re in a situation where providers, in good faith, who enabled those payment deferrals, need to be made whole. That’s really the goal here.”

When will Albertans who had their lives and livelihoods deferred for a year and half be made whole?

Instead of the proposed repayment plan, I suggest the following remedies for the outstanding debt:

  1. The expected debt of $16 million should be split among all sitting MLAs and any other government bureaucrats who advocated for lockdowns and be repaid personally.
  2. The utility companies, specifically CEOs and senior managers, reach into their own pockets, help their fellow man in need and personally repay the debt.

Families, private sector employees and small business owners have suffered greatly over the past year and a half. Adding further costs to their already limited budgets is not acceptable. Please do better.

Sincerely,

Jared Pilon

Libertarian Party Candidate for Red Deer – Mountain View, AB

https://www.jaredpilon.com/

I have recently made the decision to seek nomination as a candidate in the federal electoral district of Red Deer - Mountain View. As a Chartered Professional Accountant (CPA), I directly see the negative impacts of government policy on business owners and most notably, their families. This has never been more evident than in 2020. Through a common sense focus and a passion for bringing people together on common ground, I will work to help bring prosperity to the riding of Red Deer – Mountain View and Canada. I am hoping to be able to share my election campaign with your viewers/readers. Feel free to touch base with me at the email listed below or at jaredpilon.com. Thanks.

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Alberta

Cenovus Energy to buy remaining stake in Toledo refinery from BP for $300 million

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CALGARY — Cenovus Energy Inc. has reached a deal with British energy giant BP to buy the remaining 50 per cent stake in the BP-Husky Toledo Refinery for $300 million.

The Calgary-based oil producer has owned the other 50 per cent of the Ohio-based refinery since its combination with Husky Energy in 2021.

Cenovus says its U.S. operating business will take over operations when the transaction closes, expected before the end of the year.

The company says the Toledo refinery recently completed a major, once in five years turnaround to improve operational reliability.

It says the transaction will give Cenovus an additional 80,000 barrels per day of downstream throughput capacity, including 45,000 barrels per day of heavy oil refining capacity.

The deal brings Cenovus’ total refining capacity to 740,000 barrels per day.

Alex Pourbaix, Cenovus president and CEO, says fully owning the Toledo refinery provides an opportunity to further integrate the company’s heavy oil production and refining capabilities, including with the nearby Lima Refinery.

“This transaction solidifies our refining footprint in the U.S. Midwest and increases our ability to capture margin throughout the value chain,” he said in a statement.

This report by The Canadian Press was first published Aug. 8, 2022.

Companies in this story: (TSX:CVE)

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Alberta

Nutrien names Ken Seitz president, CEO amid sweeping changes in agriculture markets

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Saskatoon-based fertilizer giant Nutrien Ltd. has named Ken Seitz president and CEO following a months-long global talent search. 

The company says Seitz, who has served as interim CEO since January and previously headed up its potash operation, brings 25 years of experience in agriculture and mining to the role.

Nutrien says it has achieved record results under Seitz’s leadership amid sweeping changes in agricultural markets and unprecedented global food security challenges.

Russ Girling, chairman of Nutrien’s board of directors, says the company’s record performance during some of the most turbulent times in the sector underscore the strength of Seitz’s leadership. 

Seitz, who grew up on a dairy farm in Saskatchewan, says he’s “honoured and humbled” to work alongside growers during challenging times.

He says Nutrien is well positioned to help meet the global goals of food security and climate action.

This report by The Canadian Press was first published Aug. 8, 2022.

Companies in this story: (TSX:NTR)

The Canadian Press

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