SNC-Lavalin to build Alaska power plant
The contract, estimated by an analyst to add around US $180-million to SNC's backlog of work, was awarded by Chugach Electric Association, Alaska's largest electric utility. The natural gas-fired plant will be built in Anchorage.
The project represents about 19 of SNC's power-project backlog as of the first quarter of this year, said NCP Northland Capital Partners analyst Maxim Sytchev. He expects the power division to contribute 15 of SNC's revenues and operating income this year.
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AUSTIN - Nearly three years after the devastating Texas blackout of 2021, a panel of judges from the First Court of Appeals in Houston has determined that major power companies cannot be held accountable for their failure to deliver electricity during the crisis, citing Texas' deregulated energy market as the reason.
This ruling appears likely to shield these companies from lawsuits that were filed against them in the aftermath of the blackout, leaving the families of those affected uncertain about where to seek justice.
In February 2021, a severe cold front swept over Texas, bringing extended periods of ice and snow. The…
