Judge denies Enron Canada's survival bid
- CALGARY, Alberta - A judge on Thursday rejected a bid by Enron Corp.'s Canadian unit for a court order to stop a flood of contract cancellations the energy trading firm has said would push it into insolvency.
Enron Canada had hoped to use a month-long stay in gas and power contract terminations to restructure its finances and disassociate itself from its U.S. parent, which last weekend made the largest Chapter 11 bankruptcy filing in U.S. history.
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New Hampshire rejects Quebec-Massachusetts transmission proposal
MONTREAL - Regulators in the state of New Hampshire on Thursday rejected a major electricity project being piloted by Quebec’s hydro utility and its American partner, Eversource.
Members of New Hampshire’s Site Evaluation Committee unanimously denied an application for the Northern Pass project, a week after the state of Massachusetts green-lit the proposal.
Both states had to accept the project, as the transmission lines were to bring up to 9.45 terawatt hours of electricity per year from Quebec’s hydroelectric plants to Massachusetts, through New Hampshire.
The 20-year proposal was to be the biggest export contract in Hydro-Quebec’s history, and would generate up to…
