Fort Frances Power Corporation customers will receive rebate calculated at the rate of one cent per kilowatt hour on the number of kWh consumed between May 1 and Dec. 1, 2002 thanks to the benefit of the historical power agreement with Abitibi-Consolidated, the FFPC announced yesterday.
“It’s good news for FFPC customers,” said FFPC CEO Mark McCaig. “This is what we’ve worked so hard for over the past few months. We really appreciate our customers have had to go through in the recent past.”
This rebate is not related in any capacity to the recent government legislation that offered pricing to low volume and other designated customers, noted McCaig, adding that while the power credit is normally part of the power agreement with the mill, a rebate quite like this is unprecedented.
“Because the market goes up and down, the value of the credit fluctuates,” he said. “Because of the high costs we’ve experienced, the account that we use to track the power credit was in a surplus. If the market was very low, for instance, we could actually have a deficit.”
The rebate will appear on bills in the next month or two.
This rebate is in addition to the power contract credit of 1.23 cents/kWh that has been in effect since the market opening last May, and appears on every power bill.
Fort Frances Times
Local News from Across the Rainy River District
