Plutonic, GE unit commit to buy Canada wind farm
GE Energy Financial Services and Plutonic, a small Canadian hydro-electric producer, announced on June 1 that they planned to buy the uncompleted 144-megawatt project, whose owner, EarthFirst Canada, filed for creditor protection last year.
Since then the partners have been combing through the project's books, extending the due diligence several times.
GE and Plutonic plan to complete the acquisition in early November, with construction expected to be finished in early 2011 at an estimated cost of $225 million (US$210 million).
A GE affiliate will hold 49 percent and a Plutonic affiliate 51 percent of the Dokie partnership.
The project, which is in northeastern British Columbia and could be expanded to 300 MW of power, is the largest wind farm under construction in the Canadian province.
This is GE and Plutonic's first wind farm venture. They are already partners in hydroelectric projects in British Columbia.
EarthFirst has reported that the Dokie project, once completed, would generate 340 gigawatt-hours of power annually — enough electricity to meet the annual needs of 34,000 homes and avoid more than 229,000 tons of carbon dioxide emissions from a coal plant.
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Criminals posing as Toronto Hydro are sending out fraudulent messages
TORONTO - Toronto Hydro has sent out a notice that criminals posing as Toronto Hydro are sending out fraudulent texts, letters and emails.
The warning comes in a tweet, along with suggestions on how to protect yourself from fraud.
According to Toronto Hydro, fraudsters are contacting people by phone, text, email, fake electricity bills, and even travelling door-to-door.
They threaten to disconnect the power unless an immediate payment is made. The website states that in some cases, criminals request payment via pre-paid credit card or bitcoin.
It’s written on the website that Toronto Hydro does not accept these methods of payment, and they do…
