Colorado company building Westside solar park
JACKSONVILLE, FLORIDA - Construction has begun on a Westside solar power park that will produce enough electricity to power about 200 homes.
Juwi solar Inc., based in Boulder, Colorado, will sell the generated electricity to JEA over 30 years. Less than 1 percent of the public utilityÂ’s electrical capacity comes from alternative energy.
JEA will buy 22,430 megawatt-hours of electricity from Juwi in 2010 for about $3.5 million.
The utility plans to buy enough electricity to power 40,000 homes from a Hamilton County plant that will turn wood waste into energy. Duke Energy Corp., one of the nationÂ’s largest electric power companies, and Areva Inc., an international nuclear power providerÂ’s American subsidiary, are building a $200 million biopower facility will have a 50-megawatt capacity when it goes online in 2012.
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Peterborough Distribution sold to Hydro One for $105 million.
PETERBOROUGH - The City of Peterborough said Wednesday it has agreed to sell Peterborough Distribution Inc. to Hydro One for $105 million.
The deal requires the approval of the Ontario Energy Board.
According to the city, the deal includes a one per cent distribution rate reduction and a five-year freeze in distribution rates for customers, plus:
- A second five-year period with distribution rate increases limited to inflation and an earnings sharing mechanism to offset rates in year 11 and onward
- Protections for PDI employees with employees receiving employment offers to move to Hydro One
- A sale price of $105 million
- An agreement to develop a regional…
