Hydro-Quebec won't ask for rate hike next year
MONTREAL -
Hydro-Quebec Distribution will not file a rate adjustment application with the province’s energy board this year.
In a statement released on Friday the Crown Corporation said it wants current electricity rates to be maintained for another year, starting April 1. That is consistent with the recently tabled Bill 34, which guarantees lower electricity rates for Quebecers.
The bill also provides a $500 million rebate in 2020, half of which will go to residential customers while $190 million will go to commercial customers and another $60 million to industrial ones.
Hydro-Quebec said the 2020-21 rate freeze will generate savings of nearly $1 billion for its clients over the next five years.
Bill 34, which was tabled in June, also proposes to set rates based on inflation for the years 2021 to 2024. After 2025 Hydro-Quebec would have to ask the energy board to set new rates every five years, as opposed to the current annual system.
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A new nuclear reactor in the U.S. starts up. It's the first in nearly seven years
ATLANTA - For the first time in almost seven years, a new nuclear reactor has started up in the United States.
On Monday, Georgia Power announced that the Vogtle nuclear reactor Unit 3 has started a nuclear reaction inside the reactor.
Technically, this is called “initial criticality.” It’s when the nuclear fission process starts splitting atoms and generating heat, Georgia Power said in a written announcement.
The heat generated in the nuclear reactor causes water to boil. The resulting steam spins a turbine that’s connected to a generator that creates electricity.
Vogtle’s Unit 3 reactor will be fully in service in May or June,…
