The main cabinet minister involved with the rate mitigation plan for Muskrat Falls objects to the word “bailout” used by a national newspaper columnist.
Jackson Doughart says Newfoundland and Labrador needs to take ownership for its fiscal responsibility – not only on Muskrat Falls but also a decade and a half of massive government spending.
He doesn’t think other provinces should be forced to pay for its inability to manage its finances.
However, Minister Siobhan Coady says they are not looking for any “bailout.”
They are talking with Ottawa about rewriting the financial package for Muskrat Falls. She says the federal government is already a partner in the project. The province is looking for a change to the financial parameters and a monetization of some of the back-end revenues.