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TC stands for Too Costly

TC stands for Too Costly

TC Stands for Too Costly Many questions need answering about TC Energy’s (TCE) proposed pumped storage project on the Department of National Defence’s training base in Meaford (“The Megaproject on Georgian Bay,” Summer 2023). In particular, queries about the cost of the scheme and who is paying for it.Costs have more than doubled from $2.2 billion in 2019 to $4.5 billion in just five years, and TCE recently agreed to cap the scheme at $7 billion! Costs are clearly a concern to the Ford government. In a January 9 letter to Ontario’s Independent Electricity System Operator (IESO), Energy Minister Todd Smith suggested that TCE seek federal government assistance to reduce

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