As new estimated costs for the troubled Muskrat Falls hydro project in Labrador soar past $11 billion, the man overseeing it didn't hesitate when asked if it's a "boondoggle." Projected costs for the dam and power house on the lower Churchill River near Happy Valley-Goose Bay are now $11.4 billion including financing. That's up $4 billion since 2012.
Marshall now says electricity rates for domestic customers will rise to about 21.4 cents per kilowatt hour in 2021, before tax. That's up 6.3 cents from forecasts when the project was sanctioned, and almost double the 12 cents consumers paid in this province last year — potentially adding $150 to an average monthly bill.
Former premier Danny Williams, who championed Muskrat Falls as his grand finale before leaving politics in 2010, was not available Friday to comment.
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