Missouri fails to reach deal on nuclear plant
Senators considered a final attempt on the bill with less than an hour left before the annual session ended. Several senators worried there was too little time to consider the possible deal.
A voter-approved state law bars utilities from charging customers the costs of a new plant before it starts producing power. Utilities wanted that law changed so they could pass on the expense of getting an early site permit for a nuclear plant from federal regulators.
The measure faced opposition over concerns about protections for electric ratepayers.
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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…
