Tuesday, March 29, 2016

NOTLEY'S UNINTENDED CONSEQUENCES

Enmax terminated its power purchase arrangement (PPA) for the Battle River coal-fired power plant in January on the basis that it was no longer profitable as a result of low power prices and changes in law to hike the carbon levy on heavy carbon emitters.
Since then, TransCanada, with partner AltaGas Pipelines, and Capital Power have also terminated their PPAs for electricity from coal-fired power plants — all relying on a clause in the arrangements that enables them to get out of them if the government makes a change in law to render them “more unprofitable.”
 

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