ATCO to streamline utility plants
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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Electricity prices may go up by 15 per cent
JERSEY CITY - Electricity prices could rise by ten to 15 per cent if a standby charge for some commercial customers is not implemented, the chief executive of Jersey Electricity has warned.
Jersey Electricity has proposed extending a monthly fee to commercial customers who generate their own power through renewable means but still wish to be connected to Jersey’s grid as a back-up.
The States recently unanimously backed a proposal lodged by Deputy Carolyn Labey to delay administering the levy until a review could be carried out. The charge, was due to be implemented next month but will now not be introduced until…
