Not that we actually plan to do that, the company is telling other regulators in Montana, where the huge coal-fired generating station in question employs hundreds of people. We’ll be in the coal business for a good long time yet.
Hydro One, in which the Ontario government now owns a big minority stake, is still working on its purchase of Avista, a private power utility based in Spokane. The $6.7-billion deal, which Hydro One announced in July, includes a 15 per cent share in two of the four generating units in a coal plant in Colstrip, Montana, one of the biggest in the western United States. Avista gets most of its electricity from hydro dams and gas but uses the Colstrip plant when demand for power is high and water levels at its dams are low.
Ontario proudly closed the last of our coal plants in 2014 and outlawed new ones as environmental menaces. When Hydro One said it was buying Avista, which makes about $100 million in profit a year, Premier Kathleen Wynne said she hoped Ontario’s “value system” would spread to Avista’s operations.
No comments:
Post a Comment