The Canadian Press

2016-07-25 | Alberta Electricity Court

Preview Clip

The Alberta NDP government is going to court to challenge a regulation that it says could saddle consumers with billions of dollars in losses from coal-fired power agreements. Deputy premier Sarah Hoffman says the regulation passed by the previous Conservative government in 2000 allows power companies to hand back agreements to buy electricity from coal-fired plants when they stand to lose money. (Some companies such as Enmax Corporation are using the regulation to terminate agreements reached when Alberta deregulated its electricity market. Enmax says the government's decision to charge companies a higher tax on carbon dioxide emissions this year and in 2017 made the arrangement more unprofitable.)

Date: 2016-07-25
Placeline: EDMONTON.
Source: The Canadian Press
Length: 17 seconds

Transcript Prediction: << now because of low electricity prices are eating into my profits these buyers want to walk away from a handful of now unprofitable PPA is early which will leave albertans to cover the cost between now and the expiry of the ppas those obligations could amount to 2 billion dollars >>