2041 Energy Inc. is the brainchild of Richard Cashin, Bernard Coffey, Edward Hearn, Cabot Martin and Dennis Browne.
Telegram file photo
[ST. JOHN'S, NL] — A group of lawyers recently held a news conference in St. John's to talk about their reasons for forming a group to promote alternatives to the Muskrat Falls hydroelectric development.
2041 Energy Inc. is the brainchild of Richard Cashin, Bernard Coffey, Edward Hearn, Cabot Martin and Dennis Browne. They met with reporters on Thursday at the Super 8 Motel on Higgins Line.
Edward Hearn, who served on the Newfoundland and Labrador Hydro board for 10 years with the Brian Peckford and Clyde Wells governments, will serve as the group's president.
The group intends to focus on how the province's energy portfolio should be handled between now and 2041 — the year the Upper Churchill Contract expires.
In that year, Newfoundland and Labrador is set to receive extra revenue from that hydroelectric development resource.
The group contends that Muskrat Falls is not the solution to provincial energy needs. It is looking for the PUB to study alternatives to hydroelectric development at Muskrat Falls.