ATCO to streamline utility plants
- ATCO Ltd. is consolidating its generation assets under one subsidiary to streamline ownership structure and cut administrative costs, the energy, utilities and structures said recently.
The company's board of directors approved the transfer of ATCO's wholly owned subsidiary ATCO Resources to ATCO Power, a wholly owned subsidiary of Canadian Utilities Limited.
Both subsidiaries have interests in a total of 10 generation plants in Canada, with ATCO Resources valued at $82.5 million, net of existing debt.
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Relief for power bills in B.C. offered to only part of province
VANCOUVER - On April 1, B.C. Premier John Horgan announced relief for BC Hydro customers who are facing bills after being laid-off during the economic shutdown due to the COVID-19 epidemic.
“Giving people relief on their power bills lets them focus on the essentials, while helping businesses and encouraging critical industry to keep operating,” he said.
BC Hydro residential customers in the province who have been laid off due to the pandemic will see a credit for three times their average monthly bill and small businesses forced to close will have power bills forgiven for three months.
But a large region of the…
