Thank you to the Minister for that. I’m really trying to develop some confidence here and I know this Minister knows that full and complete information is best. That’s what helps us develop a good relationship and confidence in the project. I’d appreciate it if that could continue.
I don’t want to pick away at this, but all things are completed and signed off except for and then there’s these exceptions that we always hear. I’m waiting to when we can really say that what we have on the ground is complete and safe and thorough and completed and paid for and we don’t have any liens or complaints against it and so on.
I want to move to the financial side, which is our main issue today. Just looking at the projections we were provided, I mentioned the rose-tinted glasses. I’d just like to read off some of these estimates from year to year. Our projections in O and M, our increases from year to year are in the orders of 1 percent. By the way, this includes everything, forced growth and so on. One percent? Have we ever seen that? Has that ever happened? Two percent, 3 percent. I’ve never seen those figures. I’ve never read about those figures. As it happens, the three years we are currently projecting to be over our debt wall we happen to have the highest revenues projected. This does not develop
confidence. This begs the question: do we know what we are doing here?
I stated earlier I want to know what the implications are. I think the most important thing is for us to know what the implications are as we take on this additional debt. We can’t do that if we’re coming up with these sorts of projections. I don’t care what the formula is. As a biologist I know when we’re looking at projections we look back at least to our past performance and that’s an important part of the projection. So perhaps the Premier or somebody could explain to me how we’re going to come up with better, more accurate projections this week that will give us the context on which we need to go forward.