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Home My WebLink AboutThe Goderich Signal-Star, 1983-01-12, Page 10:*k • , • P'AGRIO-OPERICIIIGNA-ILASTAN, WEDNESDAY, JANUARY 12,1983 Mistake QUPEN'S PARK BY JACK RIDDELL, • MPP Ontario Hydro continues to be very much in the news. In the last week of 1982 it became apparent that a mistake by a supplier to the Corporation would cost Hydro consumers about $850 million. It appears that 5 , shortcut by boiler manufac- turers Babcock and Wilcox Canada, designed to save $1 million on a $27 million con- lier wpi cost Ontario Hydro consurners tract, los. resulted rn 440 costs of Ago Tomo* :whip!) will be 'pal. -.by co0StaaarS• These costs relate:JO a delay of two years and the interest costs on the multi -billion dollar Pickering B project.' The project was originally sdiedgled to cost $1.37billion. in 1973, but • current estimates for the proiectare in the area of $3:9 Of course, there's nothing new about consumers, footing the bill. Electricity rates have in- creased some 275 per cent over the period 1971 to 1982. The 1983 rate aproved by On- tario Hydro is 8.4 per cent - and this was reduced from Hydro's original request of 13.9 percent by the Ontario Energy Board's recommen- dation. Hydro haS forecast rate increases for 1984 and 1985 of 16.4 and 16.2 per cent respectively. One major reason for these enormous increases is the gross over -expansion by Hydro, to the extent that we have an embarrassing and costly surplus of generating capacity. In December 1981, peak demand for electricity was 16,600 megawatts. Hydro prefers a reserve margin of 25 per cent - in this case the capacity to generate 20,750 megawatts. It actually has .the capacity ito generate , about 24,743 megawatts - 49 per cent more than actual peak demand. The excess capacity of about 3,993 megawatts apprmdmates a capacity greater than ,, all four units of Bruce "A", plus one ofthe four units at Pickering ,A,. The oversupply is by no means temporary. It will last until 1999. Yet Hydro documents show that over- expansion continues, and by 1989 (the year Darlington comes on stream) the Cor- poration will be able to. generate 58 per cent more electricity than anticipated been looking .0000 ...other car lots,, you'll find .0 scarcity of attrki. demand that year. 1.4ously, Hydro is not serions about load foraPtve been ingtaken orneotinceo would hthe recommendation of the Select Conurdttee on Ontario Hydro Affairs, made in 1976, that Darlington would not be needed until the end of the century. The truth of the matter is that Hydro is scrambling to find buyers for -power because of the costly surplus. Hydro's Vice Presi- dent has, in fact, recently written to some dozen U.S. utilities offering to sell -up to two million megawatt -hours yearly of surplus nuclear power from the mid to late 1980s, which is actually before the Darlington plant is scheduled to come on stream. Let's not forget that American customers do not pay for the capital, operating and depreciation costs of the plants, as we do. • Moreover, let's not overlook the fact that the people of Ontario will be left with the nuclear ' wastes which are generated by the expansion of the province's nuclear capacity. Of the province's current borrowing on public markets, 100 per cent - ahnost $2.5 billion annually - is for Hydro. This represents virtually the province's en- tire credit limit, permitting the Government little flex- ibility in case it needs to bor- row money for its own pur- poses. Borrowing extends to foreign as well as domestic • good used cars. • NOT SO Ai McGEE's!! We have been selling a lot of new cars and that gives us a good stock of used ones!!! fULL SIZE '81 PONTIAC PARISIENNE 4 door, air conditioning, cruise control, stereo radio, vinyl top, excellent car. '81 PONTIAC PARISIENNE BROUGHAM 4 door, beautiful plush interior, extra low mileage. '81 BUICK ELECTRA PARK AVENUE 4 door. absolutely loaded with equipment, a great luxury car. '79 CADILLAC COUPE DE VILLE Landau top, tilt wheel, cruise control, tape playing radio, wire wheel discs, sold & ser- viced since new by McGee's. 'AS IS' SPECIAL '77 PONTIAC GRAND SAFARI STATION WAGON "AS IS" One owner, power windows, power seats, •SPECIAL cruise control, tilt wheel, 8 tracdoor locks, woodgrain, 9 passenger. Serial Na. track radio, power 708180. '79 PONTIAC PARISIENNE • 4 door, 305 V8. vinyl top, dark blue. extrawell maintained. ^ '79 POIMAC CATALINA 2 door, smart 2 tone copper with wire wheel covers. One owner. '77 PONTIAC LAURENTIAN 4 door, fully reconditioned family car. '77 CHEV. IMPALA 2' door, tape playing radio, all new tires, 2 tone, real sharp. '81 PONTIAC GRAND PRIX U 4,4 iitre engine, power windows, individual seats, stereo radio, rally wheels, lady driven. '81 AMC CONCORDE DL 4 door, individual seats, vinyl top. '81 MONTE CARLO A black beauty with a T-Bor roof, bucket seats/rally wheels, low mileage. '80 BUICK CENTURY CUSTOM STATIONWAGON - Air conditioning, cruise control, individual seats, roof rack, '80 BUICK REGAL 2 door, stereo radio with tape player, power windows, medium blue. '81 ACADIAN 'S' 2 door, 4 speed, 07,000 Km., ncADIAN 'S' 2 door, 4 speed, 45,000 Km., '81 ACADIAN 'S' 2 door, 4 Speed, 47,600 Km. metallic orange. metallic brown. , metallic green. '82 FORD 1/2 TON 6, automatic, power steering, power brakes, radio, running boards, sliding rear window. 18,000 Km. '80 GMC JIMMY 2 wheel drive, Sierra Classic, air conditioning, tilt wheels, FM; running board, roof rack, clean as new. '77 FORD LTD , Landau, 2 door, air conditioning. power 'win- dows, power door locks, tilt wheel, cruise con- trol, vanity mirror, way above average. '77 CHRYSLER NEWPORT 4. door, safety checked, ready to go. One owner car. '76 THUNDERBIRD Factory glass sun roof, air conditioning, wire wheel covers, power windows, a low mileage car. Last of the big luxury T -Birds. '75 CHEV. IMPALA 2 door, air conditioning, safety checked, ready to drive away. 'AS IS' SPECIAL '77 OLDS DELTA ROYALE 4 door. Looks & runs real good. Seri& 232938. INTERMEDIATE SIZE — '80 CUTLASS SUPREME 2 door, air conditioning, landau top, tape playing radio. '80 CHRYSLEIKORDOBA Landau top, cruise control, pulse wipers, rally wheels, low mileage. '79 LEMANS 4 door, a real good low mileage local car. '79 CUTLASS SUPREME 2 door, diesel engine, gives fuel mileage to its maximum. '79 GRANADA GHIA 2 door, a rare sporty ,one, air conditioning, FM, 4 speed transmission-, landau top, rally wheels, bucket seats. — COMPACT '80 PONTIAC SUNBIRD SPORT Hatchback, 4 cylinder, automatic, steering, lady driven, medium blue. power '80 PONTIAC PHOENIX 2 dor. 4 cylinder, automatic, power steering, power brakes, radio, new tires, front wheel drive. — TRUCKS= '80 CHEV. 1/2 TON Just 12,000 miles. 6, automatic, power steering, power brakes, radio, rear bumper. '79 GMC 3/4 TON VAN 350 V8, automatic, power steering, power brakes, heavy duty suspension. Just 19,000 miles. "AS IS" SPECIAL "°$1895. '78 GRAND LEMANS STATIONWAGON Roof rack, woodgrain panelling, beige. '78 FORD LTD 11 4 door, sliver with maroon vinyl top. '78 MERCURY ZEPHYR VILLAGER STATIONWAGON Small V8, tope playing radio, roof rack, woodgrain panelling, all new tires. '77 GRAND PRIX 2 door, landau top, one owner. Must be seen. '79 CHEVY MONZA Hatchback, 6 cylinder, automatic, steering, rally wheels. '74 TOYOTA COROLLA DELUXE 4 door, 4 speed, one owner. '78 FIREBIRD 4 speed, cassette radio, power steering. power '75 CHEV. SILVERADO 1/2 TON 8, automatic, power steering, power brakes, radio, sliding rear window. Serial No.164459. 'AS IS' SPECIAL $1000 BalBTAX10 DRIVERS • REG GOOD AND BRUCE BETTLES 7 DAY SERVICE. Our courteous, prompt, reliable service will get you there quickly. CLIP AND SAVE FOR FUTURE USE /^, '850 mitliou • ; . Rine& tlYtho'S foreign debt, at overts billion, rivals that of the entire Federal Government, and the in- terest paid by Hydro to its foreign financiers exceeds $500 million per year - more than the total dividends sent out of the country by all the foreign -controlled oil com- panies inCanada. With respect costs, the Ontario Energy Board Counsel stated recently that Ontario Hydro is plagued with excess oil, not to men- tion excess coal, excess uranium- and excess heavy water. The Corporation is -tied into long-term uranium contracts which are costing consumers double the world price for uranium and will cost over $100 million more per year for two M1111011 pounds of surplus uranium fo each and every year from 1993 to well beyond the year 2000. In addition, Hydro haVSO far paid Petrosar Ltd. some $60 million (increasing by $1.5 million per month), for NOT taking deliveries of oil which they do not need but are tied intChrough 15 -year contracts. Little wonder that Liberal Patrick Reid of Rainy River commented, in November 1982 that "Star Wars must surely have been inspired by Ontario Hydro", that ' he could "think of no other Em- pire with the ability to 'strike back' at the public with such impunity". Have you enough insurance to protect your home and contents against loss or damage by fire, thieves or vandals? 00 the 0 co-opefatofg Protect your home and the things you own with a plan .1 from The Co- operators. For informatiM call your local office. INSURANCE SERVICES 31 WEST ST., GODERICH • JIM BELL BUS: 524-2138 RES: 524-8521 LIFE • HOME • AUTO • BUSINESS • TRAVEL d • ,2„.rnotm. • ,A4^'",„g ear 44.a. • , , "t3 Because you're worth it • With your purchase of L'Oreal Excellence, you will receive a FREE 200 ml. L'Oreal Excellence shampoo. OR with your pur- chase of L'Oreal Haute Mode. -you will veceive a FREE 50 ml. tube of L'Oreal Haute Mode shampoo. PONTIAC-BUICK CADILLAC GMC TRUCKS 37 HAMILTON STREET, GODERICH, 324-8391 Pharmacy 14 SHOPPERS SQUARE GODERICH 524.7241