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Ontario names Desautels as special adviser for Hydro One IPO
Ontario's government named Denis Desautels, former Auditor General of Canada, as special adviser to the Minister of Energy on its plans to sell part of electrical utility Hydro One Inc. through an initial public offering.
Desautels, who was auditor general from 1991 to 2001, will provide independent advice and help support the IPO process, the provincial government said in a statement.
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Summary of Capacity Sharing Agreement between Ontario and Quebec
The following table summarizes the capacity sharing agreement recently signed between the
IESO and Hydro Quebec Energy Marketing (HQEM).
Banks willing to take 75 per cent cut on Ontario's Hydro One IPO fees, Sousa says
Canadian Energy Law
Banks are so eager to get a piece of Hydro One Inc.s initial public offering that theyre willing to accept about a quarter of the fees typically paid out in such deals, Ontarios finance minister says.
Demand by banks to handle the IPO, one of the largest ever in Canada, leaves the province in a position to ask for a discount, Charles Sousa said.
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Hydro-Québec Distribution reaches agreements with TransCanada and Gaz Métro
Hydro-Québec Distribution has concluded memorandums of understanding with TransCanada (TCE) and Gaz Métro to use Bécancour generating station to meet demand during winter peaks. This use will allow us to capitalize on this asset located close to load centres, for which baseload deliveries have been suspended since 2008.
The capacity of Bécancour generating station will be 570 MW. Hydro-Québec Distribution will need these megawatts starting in winter 2018-2019.
Report: Hydropower essential to Canadian economy
Hydroelectric power remains a key driver for the Canadian economy, according to a new report released by the Canadian Hydropower Association in conjunction with its 2015 Forum on Hydropower in Ottawa.
The study, titled, "Hydropower and the Canadian Economy: Jobs and Investment in Canada's Largest Electricity Source", notes that hydro accounts for 63 per cent of the country's overall power supply while also generating "substantial ongoing contributions to economic activity in the form of GDP and employment."
DGR is preferred nuclear waste solution for Canada, scary for U.S.
A Canadian joint review panel issued an environmental assessment report on May 6 for a deep geologic repository (DGR) for long-term management of low- and intermediate-level radioactive waste (L&ILW), concluding that the project is "not likely to cause significant adverse environmental effects."
Ontario Power Generation (OPG) proposed the DGR, intending to locate the facility at the Bruce nuclear power plant.
Siemens restructures to bolster troubled power and gas division
Siemens AG has completed a company reorganization to respond to the "persistently difficult environment" in the global power generation market.
The global technology company, which had around 357,000 employees in 2014, said it would cut 4,500 jobs worldwide as part of efforts to streamline administrative functions. Siemens announced 7,800 jobs cuts earlier this year.
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FERC issues final gas-electric coordination rule
The Federal Energy Regulatory Commission (FERC) has approved a final rule to improve coordination of wholesale natural gas and electricity market scheduling in light of the nation’s increased reliance on natural gas generation.
FERC's March 2014 Notice of Proposed Rulemaking for Order No. 809 proposed changes to nationwide gas scheduling practices, but it gave the power and natural gas sectors six months to use a North American Energy Standards Board (NAESB) process to reach consensus on the proposal.
With nine decades of continuous service, Hatch's power unit has a reputation for excellence and innovation in hydro, wind, solar, thermal and nuclear power, and transmission and distribution. Also active in petrochemicals with major assignments in the oil sands of Alberta, Canada, we are now working towards integrating different technologies to supply renewable energy as part of existing thermal schemes.
The new normal? Renewables, efficiency, and "too much electricity"
Renewable Energy World
Just over a decade ago, the state of California faced serious concerns about whether its utilities could generate and/or buy enough power to assure that the world's seventh-largest economy could keep the lights on. The infamous California energy crisis, which affected several other western states as well, was a complex tangle of poorly structured deregulation, significant market manipulation (remember Enron?), and other causes.
India shelves 3,097-MW Etalin hydroelectric project and restarts 5 small-hydro schemes
India's Union ministry of Environment and Forest (MoEF) has shelved the run-of-river 3,097-MW Etalin hydroelectric project in Arunachal Pradesh, but in the northeastern most Indian state, five small-hydro projects are again active.
According to local news outlets, the $550 million project is being stopped pending the completion of an environment impact assessment study of the state's Dibang River basin.
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