Complete Energy selling power plant
Since August 2004, Complete Energy has owned and operated the Batesville Generating Facility, which it acquired from NRG Energy Inc.
"We have benefited from improving operational and commercial performance at both plants, in large part due to the efforts of the experienced staff at the facilities," said Peter Dailey, managing director of Complete Energy. "We also believe that the commodity market has improved since we purchased the assets."
The plant employees will remain at the facilities after the close of the transaction, which is expected to close at the end of the third quarter, subject to regulatory approvals.
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The government is investing over a billion dollars in "energy-efficiency programs" through 2030 and beyond, Smith said in Windsor.
Experts at Ontario's Independent Electricity System recommended the planning start early to meet demand they predict will require the province to be able to generate 88,000 megawatts (MW) in 20 years.
"That means all of our current supply ... would need to double to meet the anticipated demand by 2050," he said during the announcement.
"While we may…
