Chase Energy Canada Limited

Keephills#2 went offline at 21:04 Friday and back online at 13:52 Sunday… Maine & Maritimes Corporation announced that a majority of its shares were voted in favor of adopting the merger agreement with BHE Holdings Inc. of Bangor, ME , a subsidiary of Emera Inc. Maine & Maritimes Corporation is the parent company of Maine Public Service Company, a regulated electric transmission and distribution utility serving approximately 36,000 electricity customer accounts in Northern Maine while Emera Inc. is an energy and services company with $5.4 billion in assets-electricity is Emera’s core business. Approximately 94% of Emera’s revenues are earned by Nova Scotia Power Inc, Bangor Hydro Electric Company and the Brunswick Pipeline…New technology to capture carbon dioxide byproducts has been selected for use at the Tenaska Trailblazer Energy Center, the proposed coal-fired power plant near Sweetwater, TX. The plant will be among the first in the nation — and the first in Texas — to use the Fluor carbon capture technology for the coal-fired, 600-megawatt electricity generating plant. The technology is designed to capture 85 to 90 percent of the CO2 byproduct and send it via pipeline to the Permian Basin, where it will be used in enhanced oil recovery. The technology has been licensed on a commercial scale at 26 industrial plants worldwide, including three in the U.S… Renovalia Energy SA, the Spanish solar and wind power producer that in May postponed an initial public offering, said it plans a $258 million wind park in Alberta. The facility will have an electricity generating capacity of 120MW, and construction will begin the first quarter of 2011.

Capital Power’s proposed wind project in northeastern British Columbia has received an Environmental Assessment Certificate from the provincial government. The $455 million Quality Wind Project will be a 142MW wind farm with 79 wind turbines across the site located near Tumbler Ridge. The Environmental Assessment process concluded that the proposed project is not likely to have significant adverse effects, based on the mitigation measures and commitments included as conditions of the environmental assessment certificate. Commercial operation is expected by the end of 2012.

Progress Energy Florida estimates its Crystal River nuclear power plant will be back on line by the end of September now that the utility company is working to replace a cracked section of the facility’s containment wall…A bomb and gun attack on a hydroelectric power station in Russia’s Kabardino-Balkaria region has killed two guards and injured two others. Supplies to the electricity grid were not affected – the flow of water from the dam had been stopped to prevent any flooding downriver.

Sundance#5 went offline at 08:35 yesterday and Battle River#5 came back online at 04:30 this morning…The tens of thousands of nodding pump jacks scattered throughout Alberta’s oilfields could soon go green, generating electricity for the power grid while saving firms a cool thousand dollars a month in operating costs for each unit. Canada Control Works Inc. has devised a way to harvest gravity on the down stroke of the pumps, using the concept of kinetic energy found in braking systems for electric cars where energy is fed back into the battery. With four units under test in both Alberta and Saskatchewan, Canada Control was recently given permission to connect to Alberta’s grid. If 1,000 pump jacks were each producing five kilowatts, the resulting five megawatts wouldn’t have a big impact on Alberta’s power plants but this energy takes no fuel to produce…Conditions are ripe for consolidation in Canada’s green energy sector as small, cash-hungry developers seek scarce capital to advance government power contracts through to project construction. These companies make alluring targets for deeper-pocketed players seeking to expand their green-power portfolios with profitable, shovel-ready and secure projects. With 184 green-power projects approved in the province of Ontario and 23 in British Columbia since March, demand for debt financing is expected to far exceed still-stingy supply as the market continues to recover from the credit crunch. All told, the projects represent more than 3,500 megawatts of power and most are expected to start operating between 2011 and 2013. Capital spending will be in the C$13 billion range which means developers could be shopping for close to C$10 billion in debt financing over the next several years.

Sundance#1 went offline at 11:48 Friday…Alberta, home of the nation’s first commercial wind farm at Pincher Creek in 1993, now ranks third behind Ontario and Quebec in the generation of electricity from wind. Jurisdictions are aggressively competing for investment in everything from the building and manufacturing of blades, turbines and parts to wind farms themselves. In five years, Texas has built three times more wind capacity than all of Canada. Last year, for the first time, wind was the largest source of new electricity generation built in the U.S…The plan for a new wind farm in Prince Edward Island that would produce 130 megawatts of renewable energy for both domestic and export markets could be dead in the water. The successful bidder was expected to provide energy for the domestic market by Oct. 1, 2012, and be ready to export by Oct. 1, 2013…Blue Castle Holdings signed a private-equity agreement with a Wall Street venture capital firm, LeadDog Capital LP for the construction of a nuclear-generating station near Green River, Utah, providing them with a $30 million cache on which it can draw as it seeks a license from the Nuclear Regulatory Commission. The $30 million is 30 percent of the estimated $100 million that will be required to complete licensing for the proposed 3,000-megawatt nuclear power plant. The Blue Castle project has attracted the interest of more than 15 utilities, which collectively are seeking new sources of 4,500 megawatts. Blue Castle’s application for water rights for the plant is pending before the Utah state engineer’s office.

Keephills#2 came back online at 15:59 yesterday but Sundance#6 went offline at 21:17 yesterday…A record-breaking heat wave has enveloped Canada’s most populous corridor with a mixture of scorching sun and stifling haze. The humid hell that extended to much of the East Coast had health officials urging people to adopt sluggish tendencies and find a nice, cool place to chill out. In Quebec, deep January or February chill might require 36,000 megawatts of power but during the heat wave Quebec will use roughly 22,000MW. Temperatures peaked at 41.1 degrees in Frederick, Maryland, about 50 km north of Washington, DC, and reached 39.4 degrees in New York City. High demand for air conditioners caused power outages in New York City and Washington. Thousands of buildings in Manhattan Queens, Brooklyn and Staten Island lost electricity. In New York, a transformer on Staten Island could not handle the demands, symbolic of a power infrastructure that is in need of updating nationwide. NYISO reported demand by late afternoon had reached 33,452 megawatts statewide, just short of the 33,939-megawatt record set in August 2006…President Obama announced that the Department of Energy has agreed to back nearly $2 billion in loans to two solar power companies for projects in Arizona, Colorado and Indiana. The loan guarantees will go to two firms: Spanish solar firm Abengoa Solar Inc. will receive a $1.45 billion loan guarantee to construct a 280 megawatt concentrating solar power facility in Solana, Arizona, while Colorado-based solar start-up Abound Solar will receive a $400 million guarantee to finance factory expansions in Colorado and Indiana…General Electric Co. is taking a majority stake in eleven wind farms in Idaho, a project worth almost $500 million according Exergy Development Group, who is selling the assets to General Electric Co.