Alberta Government errs on cost of cancelled contracts

Real loss to Alberta consumers from power contract cancellations is $600 million, not $2 billion: report


CALGARY — Albertan consumers will end up paying “closer to $600 million,” not the $2 billion alleged by the provincial government, on their electricity bills for power companies cancelling controversial power contracts early.

In a report Tuesday, economists Andrew Leach of the University of Alberta and Trevor Tombe of the University of Calgary dispute the $2 billion figure released by the province in a lawsuit last month against Enmax Corp., Capital Power Corp. and TransCanada Corp.

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