Motion Media wall concept smart TV
Motion Media wall concept smart TV
Motion Media wall concept smart TV

McMillan’s Mike Richmond Says The Most Recent Version of the Long-Term Energy Plan is More Political in Nature

News May 10, 2018

According to the Law Times, for the energy sector in the province, there is uncertainty again about whether or not the government’s long-term plans will meet infrastructure needs that emerge from political promises.

Last fall, the governing Liberals unveiled a revised Long-Term Energy Plan (LTEP) that was originally introduced in 2010 and revised in 2013. The plan was billed as a 20-year road map for the energy sector and highlighted the phasing out of coal-fired electricity generation as well as significant cuts to consumer electricity rates.

It included promises to refurbish 10 of the province’s 18 nuclear generation facilities by 2033. In the short term, it projected adequate electricity supply but potential shortfalls beginning in the early to mid-2020s.  The plan also predicts a sharp increase in the use of electric cars, with as many as 2.4 million of this type of vehicle on the road by 2035. As well, there is a directive for an increased role for Indigenous peoples in future energy projects.

McMillan’s Mike Richmond, co-chair of the energy and power group, spoke to the Law Times and says that the most recent version of the LTEP is more political in nature and the reduced focus on infrastructure is because the province is overbuilt now.

“There has been massive construction in the energy sector for the past 13 or 14 years. You have what you built,” Richmond says.

Another change is delegating more responsibilities to the Ontario Energy Board and the Independent Electricity System Operator to administer the goals set out in the plan.

“They are not directing the result. It is not build 100,000 solar roofs at any cost,” says Richmond in reference to the policy of the provincial Liberal government in 2007. “They are letting regulators come up with the implementation.”

To read Mike Richmond’s full response in the Law Times article “Provincial election means energy sector uncertainty” click here.


Related News

News

McMillan Named Among Greater Toronto’s Top Employers for the Second Year in a Row

After receiving the nationwide recognition as one of Canada’s Top 100 Employers in 2024 by The Globe and Mail, our Toronto office has been named Greater Toronto’s Top Employers 2024, for the second year in a row.

News Dec 5, 2023
Read More
News

McMillan’s Sidney Elbaz Wins the 2024 Lexology Client Choice Award for Product Liability Defence

Sidney Elbaz is one out of only six lawyers to be recognized globally as a 2024 Lexology Client Choice Award winner for Product Liability Defence.

News Nov 29, 2023
Read More
News

McMillan’s Annik Forristal and Pablo Tseng are 2023 Lexpert Rising Stars: Leading Lawyers Under 40

McMillan’s Annik Forristal and Pablo Tseng are 2023 Lexpert Rising Stars: Leading Lawyers Under 40. Selected by a judging panel of industry leaders, these two partners exemplify McMillan’s commitment to providing deep insights, upon which our clients capitalize to stay ahead.

News Nov 24, 2023
Read More