Dagher, a compelling public speaker, acknowledged the need for backup and or spinning reserve. He said it should be done regionally, probably with Hydro Quebec. He talked about the electrification of our heating and driving systems creating the new demand.
He opined that in his wildest dreams he might someday get production cost down to 8 cents. During Q & A he was reminded many times about the RI project in the paper this week that signed for 25 cents. He acknowledges that it is a challenge, but he has hope. (While he's hoping for the next 20 years he'll also be cashing his Hope Checks from the US Treasury, so hope is a great strategy for him.)
He was asked how, if his best hope will be to someday get production (not counting transmission or distribution) cost is going to be 8 cents, and if he will need to link up with Hydro Quebec to cover the his and lows, how can he expect the customers to pay for his 8 cent power when they are also connected to Hydro Quebec's 2 cent power.
"That is a challenge, but we have to try."
Seriously folks. He might be a brilliant engineer but he's no economist.