Abitibi request approved

The Ontario Energy Board yesterday granted Abitibi-Consolidated Company of Canada’s request to amend its electricity generation licence by changing its qualification from “owner and operator” of eight hydroelectric generating stations in the vicinities of Kenora, Fort Frances, and Iroquois Falls to “operator” only.
By way of a commercial transaction, Abitibi intends to transfer ownership of the eight hydroelectric generating stations, and associated transmission and distribution lines, to ACH Limited Partnership.
The OEB also granted an electricity retailer licence and electricity generation licence to ACH, which will be the licensed owner of the eight hydroelectric generating stations.
The ACH generation licence and Abitibi amendment are subject to a number of conditions which relate to the closing of the commercial transaction.
The OEB regulates the province’s electricity and natural gas sectors in the public interest.
It envisions a healthy and efficient energy sector with informed consumers, and works towards this vision through regulatory processes that are effective, fair, and transparent.
For more information on the OEB, visit www.oeb.gov.on.ca or contact the Consumer Relations Centre toll-free at 1-877-632-2727.