It was July 26, 2007 when Manitoba Hydro dropped the bombshell on the Public Utilities Board. The drought of 2003-2004 had traumatized Hydro. It knocked the stuffing out of Hydro's finances-more damage in a single year than anyone ever imagined. The utility ramped up computer simulations to show the board what the cost would be of a multi-year drought like, say, the five that have happened since 1929. It wasn't a pretty picture. A five year drought would cost Manitoba Hydro $2.7 billion. A seven-year drought would cost $3.5 billion. The numbers may be gi-normous, but that's not what made the PUB blanche. It was the graphs. A five year drought (starting in 2008 for demonstration purposes) would increase the debt-to-equity position of Hydro to 95-5. That's like making Manitoba Hydro a penny stock. Ask the Aspers what that did for Canwest Global shares, if you can catch them between meetings with their bankruptcy lawyers. Oh, and a seven year drought would wipe out all ...
The origin of the Usher of the Black Rod goes back to early fourteenth century England . Today, with no royal duties to perform, the Usher knocks on the doors of the House of Commons with the Black Rod at the start of Parliament to summon the members. The rod is a symbol for the authority of debate in the upper house. We of The Black Rod adopted the symbol to knock some sense and the right questions into the heads of Legislators, pundits, and other opinion makers.