The Alberta government will pay three coal power producers more than $1 billion over the next 14 years to compensate them for shutting down their plants early as part of its climate change agenda.
The province said it is also nearing the end of negotiations over power contract disputes that led to a controversial lawsuit, having reached three agreements with companies, though two are tentative. Talks with a fourth player, Calgary-based public utility Enmax, are ongoing.The deals are the latest in a series of changes the NDP government has made to Alberta’s energy landscape to cut greenhouse gas emissions and produce cleaner power.
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