No cash for blacked-out businesses: BC Hydro
VANCOUVER, BRITISH COLUMBIA - BC Hydro president Bob Elton said the utility has no plans to compensate downtown businesses for money they lost during the recent massive power failure - an amount one business group estimates at $36 million.
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PARIS - While energy prices are soaring around the world, Europe is in a particularly tight spot. Its heavy dependence on Russian gas -- on top of droughts, heat waves, an unreliable fleet of French nuclear reactors and a continent-wide shift to greener but more intermittent sources like solar and wind -- has been driving electricity bills up and feeding the highest inflation in decades. As Europe stands on the brink of a recession, and with the winter heating season approaching, officials are considering a major overhaul of the region’s power market to reflect the ongoing shift from fossil fuels…
