02 March 2012

Electricity prices round-up #nlpoli

In Quebec, Arcelor Mittal mines is looking to hang onto its industrial discount electricity rate of 4.5 cents per kilowatt hour even though the company didn’t delivered on its commitment to build a second pellet plant in the province.

The Parti Quebecois wants to make sure that the company processes as much of the ore it mines in Quebec rather than take it out of the province with a minimum of processing.

For those who may have missed it, this is where Churchill Falls electricity goes:  discount electricity inside Quebec for residential and industrial consumers.

Ontario Power Generation will spend $600 million to have a consortium including SNC Lavalin refurbish Ontario’s nuclear generating stations.

In addition, the province has more than 2,000 MW of electricity from wind power either in production or in development.

- srbp -

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