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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COVID-19 crisis shows need to keep electricity options open, says Birol
LONDON - The huge disruption caused by the coronavirus crisis has highlighted how much modern societies rely on electricity and how firm capacity, such as that provided by nuclear power, is a crucial element in ensuring supply, International Energy Agency (IEA) Executive Director Fatih Birol said.
In a commentary posted on LinkedIn, Birol said: "The coronavirus crisis reminds us of electricity's indispensable role in our lives. It's also providing insights into how that role is set to expand and evolve in the years and decades ahead."
Reliable electricity supply is crucial for teleworking, e-commerce, operating ventilators and other medical equipment, among all…
