Sundance#1 went offline at 11:38 yesterday.
Ottawa residents can expect their electricity bills to soar by more than 40 per cent by 2015, according to an analysis filed with the Ontario Energy Board. The report, done for Canadian Manufacturers and Exporters by Aegent Energy Advisors, tallies up anticipated hydro cost increases from a dozen different sources between now and early 2015 and concludes that Ontario residents and businesses will pay a total of $7.7 billion more for electricity over the next five years. Residential customers in Ottawa are already paying 17.7 per cent more for electricity than they were just this spring, thanks to rate hikes approved May 1 by the OEB and the imposition of the HST July 1.
Prince Edward Island’s goal of becoming a sizeable energy exporter is not dead, says the province’s energy minister, despite a string of recent setbacks to the government’s energy agenda. Richard Brown said recent disappointments may delay – but will not snuff out – the government’s goal of exporting 500 megawatts of electricity by 2013. Earlier this year, the province issued a request for proposals for a 130-MW wind farm. Of that amount, 30MW was intended for consumption within P.E.I., while the remaining 100MW was to be shipped off the Gentle Island.
U.S. Geothermal Inc., a leading renewable energy company focused on the development, production and sale of electricity from geothermal energy, announced today that it has entered into a strategic and financial partnership with Enbridge (U.S.) Inc – investing up to US$23.8 million in the 35MW Neal Hot Springs geothermal project in eastern Oregon. The Enbridge equity investment in the Neal Hot Springs project will fully fund the remaining equity share of the construction costs, with the balance of the construction costs being funded by the previously announced U.S. Department of Energy conditional commitment for a project loan