Two things to remember:
1. Power transmission companies only make money if they have a cheap source of money, low interest rates etc.

2. There is presenly no financial plan inplace for financing the privitized water and the still to be built export electrical transmission lines and the Federal Government is looking for ways to invest any pension fund into infrastructure.

You called them on it and the Minister backed off the Alberta Firewall and pension scam.
Do you really think they will stay backed off if elected again?
Following, my letter to the Minister and her response.

John Clark
14815 – 123 Ave
Edmonton, AB T5L 2Y7

780-970-4006
April 27, 2004.


Nelson, Patricia L. The Hon., MLA
224 Legislature Building 10800 - 97 Avenue
Edmonton, AB T5K 2B6

Re:- Alberta Pension to replace Canada Pension.

Dear Ms. Nelson:

Certainly you will have given this considerable thought before allowing the subject to be floated at the convention.

Where do you expect to invest the monies from the Alberta Pension Fund? Power Lines? Water pipe lines?

Considering the majority target for investment will be Alberta infrastructure, the power lines an example, what kind of a rate of return will you guarantee and how will it be determined?

I can see where you would invest pensions in power lines and simply match the Canada Pension Plan rates in order to circumvent the higher rates that would have to be paid if you were to deal though banks or pay stock dividends. One way or another, you will find a way to get Alberta rate payers to finance, probably for nothing, the power lines needed to move the electricity.

What of those people who’s Canada Pension has matured? Will these be drawn into the Alberta Pension? If the Fed’s will give up their money in this regard, how will the return on this money be guaranteed? Simple interest rip off?

Can you please provide me with a draft of your plan? It certainly must be in place in order to raise it at the convention. Being a one time secretary for Mr. Thurbers Drayton Constituency, I know how these things work!

John Clark

AND HER REPLY=

ALBERTA MINISTER OF FINANCE PP-1600-02/AR#9903
May 6,2004

Mr. John Clark 14815 - 123 Avenue
Edmonton, AB TsL 2Y7

Dear Mr. Clark:

Thank you for your e-mail of April 27 , 2004 regarding an Alberta Pension Plan.

No decision has been made to replace the Canada Pension Plan with an Alberta Pension Plan. As you may know, the government's MLA Committee on Strengthening Alberta's Role in Confederation held public consultations in a number of communities from mid-January
to early March.

One of the proposals the Committee was asked to consider was the idea of an Alberta Pension Plan. The Committee is developing a Report for the Minister of International and ntergovernmental Relations, to be submitted in June 2004.

The government will decide whether the concept of an Alberta Pension Plan warrants further detailed consideration after reviewing the Committee's Report.

Thank you for taking the time to provide me with your thoughtful concerns and questions.

Sincerely, LLS/Kb Patricia L. Nelson Minister of Finance

Honourable Halvar Jonson / t Minister of International and Intergovernmental Relatidns Mr. Brent Rathgeber, Q.C., MLA Edmonton Calder' Mr. lan McClelland, MLA Edmonton Rutherford cc: 224Legislature Building, Edmonton, Alberta, Canada TsK 285
Telephone 780 / 427-8809 Fax 780 / 428-1341,


JUNE -04
Edmonton Journal reports the Pension report has been accepted.

ALBERTAN'S CAN LOOK FORWARD TO PENSION CHANGE AFTER THE COMMING ELECTION! DO YOU TRUST RALPH TO LOOK AFTER YOUR INTEREST?

Start calling and writing them!
pdf copies of documents available on request to cyberclark@shaw.ca