Articles filed under General from Canada

Thunderstorm knocked out wind farm

A brief power outage around midnight Sunday, along with a shutdown of the Melancthon Wind Plant and predictions of record-setting storms on the horizon, might lend credence to sales pitches for high-quality surge protectors. The wind plant went offline at about the same time as Sunday night's lightning storm apparently caused a brief outage of the electrical supply at Orangeville and elsewhere.
14 Jul 2006

Canada eyes profits of selling wind energy to New England

To summarize: The Canadian association sees wind energy generation as a potentially major regional industry for the maritime provinces of Prince Edward Island, Nova Scotia and New Brunswick – particularly since the plan would be to export some of the wind-generated power for consumption in what is described as a potentially “lucrative” New England market.
8 Jul 2006

OFA urges farmers to play hardball

He suggested farmers ask for three per cent of turbine profits for the first eight years of the agreement and then, once the turbine is paid for, the farmers should get eight per cent of the profits. He cited a figure that says a two megawatt turbine generates $500,000 per year, so farmers could get up to $15,000 each year. A widely-accepted estimation for a lease is $5,000 per turbine, per year.
5 Jul 2006

Green Mountain Power Corporation to Be Acquired by Northern New England Energy Corporation, a Subsidiary of Gaz Metro Limited Partnership

COLCHESTER, VT., June 22 /CNW/ - Green Mountain Power Corporation ("Green Mountain Power" or the "Company") (NYSE:GMP) announced today that Green Mountain Power and Vermont-based Northern New England Energy Corporation ("NNEEC") have entered into a definitive agreement whereby NNEEC will acquire Green Mountain Power. Shareholders of Green Mountain Power will receive $35.00 per share in cash or approximately $187 million in the aggregate.
23 Jun 2006

Wind power project cancelled

Benchlands Wind Power Corp. of Calgary has withdrawn its proposed wind power project, which was selected in the first phase of SaskPower's environmentally preferred power (EPP) program, the Crown corporation said Monday
13 Jun 2006
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