Manitoba Hydro signs deal with Xcel Energy
The deal, announced recently in Winnipeg, still needs to clear a variety of Canadian and American regulatory hurdles. If the approvals come, the delivery of electric power would begin in 2015.
The deal involves an existing customer of Manitoba Hydro, called Xcel Energy, based in Minneapolis.
"This agreement builds on an energy trading relationship that spans three decades and is another boost for our export markets," Manitoba Premier Greg Selinger is quoted as saying in a media release about the deal.
"Revenues will continue to flow to Manitoba to help support low rates for all Manitoba customers," Bob Brennan, the president and CEO of Manitoba Hydro added. Under the agreement, Xcel Energy will purchase between 375 and 500 mega-watts of power from Manitoba Hydro.
Xcel Energy supplies electricity to about 3.4 million customers in eight states in the U.S. west and mid-west.
Related News
Pickering NGS life extensions steer Ontario towards zero carbon horizon
TORONTO - In a pivotal shift last month, Ontario Power Generation (OPG) revised its strategy for the Pickering Nuclear Power Station, scrapping plans to decommission its six remaining reactors. Instead, OPG has opted to modernize four reactors (Pickering B Units 5-8) starting in 2027, while Units 1 and 4 are slated for closure by the end of the current year.
This revision ensures the continued operation of the four 515 MW Canada Deuterium Uranium (CANDU) reactors—originally constructed in the 1970s and 1980s—extending their service life by at least 30 more years. These units are instrumental in generating 14% of Ontario’s electricity,…
