Areva builds out in Brazil
The firm announced it was awarded six contracts totaling nearly $90 million by Brazilian utility Eletronuclear. Areva will be tasked with carrying out extensive service on the Angra-1 and Angra-2 nuclear power plants in the city of Angra dos Reis in Rio de Janeiro state.
Areva will carry out examination and maintenance operations on the reactors' mechanical and electrical main components and will provide local support to meet Eletronuclear's customers' needs.
Areva will implement its integrated service concept during plant outage and during operation. Areva's offer is expected to lower operating costs for Eletronuclear and enhance reliability.
The group already provides services for both Angra plants and has been performing the yearly outages for Angra-2 since its connection to the grid in 2001.
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Customers on the hook for $5.5 billion in deferred BC Hydro operating costs: report
VICTORIA - Auditor General Carol Bellringer says BC Hydro has deferred $5.5 billion in expenses that it plans to recover from ratepayers in the future.
Bellringer focuses on the deferred expenses in a report on the public utility's use of rate-regulated accounting to control the prices it charges customers.
"As of March 31, 2018, BC Hydro reported a total net regulatory asset of $5.455 billion, which is what ratepayers owe," says the report. "BC Hydro expects to recover this from ratepayers in the future. For BC Hydro, this is an asset. For ratepayers, this is a debt."
She says rate-regulated…