BondCast S5 E3 - Shadow of the Vampire

* NL Hydro has agreed to sell recaptured electricity from Churchill Falls not used in NL to Hydro-Quebec thereby recreating another key feature of the 1969 contract.* This really is a fixed price contract with made-up escalators that actually don’t escalate anything.* If Gull Island goes ahead but runs into trouble, the lenders could wind up with the assets (just like a defaulted mortgage). So what happens if Hydro-Quebec is the lender?And for a bonus, a little episode during the debate that shows just how much the whole thing was a sham.I’ll be doing a livestream on Substack or X/Twitter sometime in the next week. Send me your questions about this project and I’ll do my best to give you simple answers. There’ll also be a chance to pose questions or be part of the conversation.Don;t forget to orAnd download the Substack App… This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit edhollett.substack.com/subscribe