Thunder Bay approves landfill methane power plant
Council gave the go ahead on the $9 million-to-$10 million project that will convert methane gas into green energy. Thunder Bay Hydro President Rob Mace said the project should be completed by August of 2010.
The new power plant is expected to generate 3.2-megawatts of power. ThatÂ’s enough electricity to power 2,000 homes.
The station will also convert 7-million cubic metres of methane gas from the landfill, which would normally be released into the environment.
The contract to build the plant has been awarded to Venshore Mechanical Ltd. of Thunder Bay.
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Hydro One reports $1.1B Q2 profit boosted by one-time gain due to court ruling
TORONTO - Hydro One Ltd. reported a second-quarter profit of $1.1 billion, boosted by a one-time gain related to a court decision.
The power utility says it saw a one-time gain of $867 million in the quarter due to an Ontario court ruling on a deferred tax asset appeal that set aside an Ontario Energy Board decision.
Hydro One says the profit amounted to $1.84 per share for the quarter ended June 30, up from $155 million or 26 cents per share a year earlier.
On an adjusted basis, it says it earned 39 cents per share for the quarter, up from an…
