Building new nuclear plants could prove hazardous (to) the credit ratings of power companies.Not that Saskatchewan as a province (or Wall and his political mentors) might have any potentially relevant experience as to what can happen when a government doesn't pay attention to how its zeal to slap together ill-advised megaprojects might affect the province's finances:
Moody’s Investors Services warns in its new report — “New Nuclear Generation: Ratings Pressure Increasing” — that it may view nuclear construction plans as a negative.
Moody’s worries that investment in new nuclear is so costly that it amounts to a “bet the farm” strategy. It increases business risk and operating risk.
Saskatchewan, unable to sell its bonds in New York and facing fiscal meltdown, acted out of dire necessity...(A) debt-free province in 1982 turned into a $14.8-billion debt-ridden basket case in the ’90s. This, plus a $1-billion deficit,... meant Saskatchewan led all of Canada in debt per capita.
Under notice from the credit rating agencies and with an imminent downgrade to BBB category by Standard & Poor’s, Saskatchewan’s ability to borrow diminished precipitously.