Audit: Juneau utility didn't overcharge consumers
JUNEAU, ALASKA - A new audit says a Juneau utility did not overcharge consumers during the power crisis caused by an avalanche in April.
On April 16, avalanches knocked out the transmission lines supplying Juneau's cheap energy from the Snettisham hydroelectric plant.
That forced Alaska Electric Light & Power Co. to use expensive diesel-fueled generators for a month and a half, and rates went up nearly five-fold.
Mayor Bruce Bothello asked an independent Juneau auditing firm to see if the emergency rate hike was proper.
Bothello says he's satisfied with the audit's conclusions that the company did not overcharge customers. The power company paid for the audit.
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Mercury in $3 billion takeover bid for Tilt Renewables
SYDNEY - Mercury Energy and an Australian partner appear to have won the race to buy Tilt Renewables, an Australasian wind farm developer which was spun out of TrustPower, bidding almost $3 billion.
Yesterday Tilt Renewables announced that it had entered a scheme implementation agreement under which it was proposed that PowAR would acquire its Australian business and Mercury would acquire the New Zealand business.
Conducted through a scheme of arrangement, Tilt shareholders will be offered $7.80 a share, valuing Tilt at $2.96b.
Yesterday morning shares in Tilt opened about 18 per cent up at $7.65.
In early December Infratil, which owns around two…
