Cold Air from Wordpress

The final global adjustment estimate of the year is now on the IESO's site, and it's not good. I wrote on the Global Adjustment/Ontario Roulette earlier this month; Currently, a customer who escaped November's record rates by getting the benefit of the $62.28 rate for most of the month will be looking at a December Global Adjustment rate of $78.55 - even though that's not a sane estimate for what would actually be reflective of costs incurred in December. The second estimate for December is much lower than the first - from $78.55/MWh to $42.69 (46%). I call that bad not only because different consumers may be paying far different prices for the same electricity depending on their billing date, but because the total dollar value of the December global adjustment is now estimated to be  $603 million (which is about what I expected).  If you divide $603 million by the estimate, $42.69, you would get 14,125,088 - which is for more electricity than Ontario will consume i...

David Frum tweeted this last night: Disturbing Toronto street scene: every house has inflatable giant Santa- as many behind me as in front pic.twitter.com/DaOafpwzvb — davidfrum (@davidfrum) December 22, 2013 The next afternoon, after hours of freezing rain crippled much of Toronto Hydro's fragile operation (including the outaged tools outage tool ), Frum tweeted on the carnage: RT @jpboutros : Santa Street is now a Nightmare: https://t.co/tjFPm35k7T #santadown pic.twitter.com/wcgjVu1mrq — davidfrum (@davidfrum) December 22, 2013

The construction of the next stranded debt?

An important reminder "renewables" refer to the energy source being converted to electicity, and not the materials required to build the machines needed to do the conversion.

I've been surprised at the White House's use of the shady term "carbon pollution" (it's like referring to drowning as "water pollution"). Now people are taking a look a policy set on the basis of a "social cost of carbon" (SCC) calculation - and while I agree with setting policy by estimating future costs, I wouldn't justify the policy based on a spreadsheet. This shot is probably deserved: "And finally, I return to the issues raised in the preceding post, 20 tips for interpreting scientific claims. Some commenters seemed to think this was pretty much kindergarten stuff and of course policy makers (or their staffers) understand this stuff.  Well anyone taking seriously the White House’s SCC numbers needs to go back to kindergarten and pay attention to the 20 tips."

As Cliffs halts development  if becomes apparent McGuinty's 2010 commitments were about 2 jobs: the MPPs from Thunder Bay re-elected in 2011 ...in the region known as the Ring of Fire.It is said to contain one of the largest chromite deposits in the world -- a key ingredient in stainless steel.There is no substitute for chromite. There is no North American producer of chromite.Its the most promising mining opportunity in Canada in a century.Your government is fully committed to working with northerners, Aboriginal communities and mining partners to fully realize the Ring of Fires potential.Together, we will create Ontario jobs... via Text of throne speech | Toronto Star . via Ring of Fire Deception .