You might imagine that somewhere in its controversial, hydro-dam-blocking 3,100-page application for an electricity rate increase, Nova Scotia Power would have found even a few short paragraphs to explain how it had multiplied, divided, compared and calibrated to calculate — and justify — the compensation for its corporate executives. You would imagine wrong. In fact,...
How the Tracy Kitch expense scandal went down
The IWK's lackadaisical oversight, reporter Michael Gorman's pivotal role, an aborted attempt by Kitch to blame an executive assistant, weekend "business" trips to visit a former colleague, and more.
Highlights of this article: • The IWK Board of Directors seemed complacent about problems with expense accounting until CBC reporter Michael Gorman published an investigative article detailing “the magnitude of the personal expenses.” • IWK CEO Tracy Kitch tried to blame her problematic expenses on poor recording-keeping by her executive assistants. • IWK board member Karl […]
Kersplash: there goes tidal generation
Morning File, Tuesday, August 14, 2018
News 1. Emera withdraws from Cape Sharp Tidal This item is written by Jennifer Henderson. Emera is out of the tidal power business in the Bay of Fundy, at least for now. The parent company of Nova Scotia Power (and the North American energy conglomerate with $29 billion in assets) announced yesterday it was withdrawing […]
Is tidal power dead in the water?
The collapse of OpenHydro comes after $36.2 million in public money has been put into tidal development in Nova Scotia.
The collapse late last month of the French-owned, Irish-based company that has installed tidal turbines three times in the Bay of Fundy continues to reverberate. It is felt most acutely by suppliers and sub-contractors in Nova Scotia, the Orkney Islands, and wherever in the world OpenHydro did business. An unanswered question is whether the collapse...