Atikokan co-gen plant signs power purchase agreement
The plant's developer, Thunder Bay's Delta Energy Co. Ltd. signed a 20-year purchase agreement with the Ontario Power Authority recently.
The $50-million, 10-megawatt operation will be powered by wood waste to produce biogas. The gas will produce both electricity and heat. The deal almost means significant upgrades in area transmission lines.
It will be located next to local particleboard manufacturer, Fibratech and new Superior Laminated Lumber Corp.
The plant will create 60 construction jobs and 25 full-time positions when operational.
The facility will have zero sulphur dioxide emissions and reduced nitrous oxide and solid particle emissions.
Through the province's Renewable Energy Standard Offer Program, local industry will have a fixed power rate.
Provincial Energy Minister Dwight Duncan says the plant "helps make industry more competitive, prevents waste from ending up in a landfill and reduces greenhouse gas emissions."
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Peterborough Distribution sold to Hydro One for $105 million.
PETERBOROUGH - The City of Peterborough said Wednesday it has agreed to sell Peterborough Distribution Inc. to Hydro One for $105 million.
The deal requires the approval of the Ontario Energy Board.
According to the city, the deal includes a one per cent distribution rate reduction and a five-year freeze in distribution rates for customers, plus:
- A second five-year period with distribution rate increases limited to inflation and an earnings sharing mechanism to offset rates in year 11 and onward
- Protections for PDI employees with employees receiving employment offers to move to Hydro One
- A sale price of $105 million
- An agreement to develop a regional…
