Alberta’s court date over a $2 billion dispute with power companies approaches, but the NDP government thinks that figure is open for debate.
Last month, power companies started trying to return Power Purchase Agreements they say are costing them too much money, but the Alberta government is trying to fight that. Deputy Premier Sarah Hoffman says the section of the contract they are using to return those contracts was enacted illegally.
While power companies peg their losses at $2 billion, Deputy Premier Sarah Hoffman says others put that loss at $600 million.
“The government has been erring on the side of caution. There could possibly be a range, but I’m not willing to bet $1.4 billion of tax-payer money on that,” said Hoffman.
Hoffman says the door is not closed to negotiations and a settlement is still possible.
“We’re certainly open to discussions prior to their decision to try and initiate the return of the PPAs and we continue open to discussions.”
A court date over the matter is scheduled for November 2. (djs/cp)