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.
Related News
Kenya Power on the spot over inflated electricity bills
KENYA - Kenya Power is again on the spotlight following claims of inflated power bills and a glitch in its electronic payment system that made it impossible to top up tokens on prepaid meters.
Thousands of customers started experiencing the hitch in tokens generation on Friday evening, with the problem extending through the weekend.
Small businesses such as barber shops that top up multiple times a week were hardest hit.
“My business usually thrives during weekends but I was forced to close early in the evening due to lack of power although I had paid for the tokens that were never generated,” said…
