Showing posts with label EPCOR. Show all posts
Showing posts with label EPCOR. Show all posts

Tuesday, July 31, 2007

Albertans Left Blown' In The Wind


You Don't Need A Weatherman To Know Which Way the Wind Blows. Not in Alberta home of the free market. No rent controls here says our Premier. No changes in Building Codes till 2010. No need to revise our pork barrel health boards.

But Steady Eddie will keep a cap on wind energy.


Wind power advocates are unhappy with the Alberta government for suggesting that the current cap on wind energy in the province might be raised, rather than eliminated completely.



And not let Albertans develop their own home based energy to reduce their energy bills and produce locally based micro green energy whose excess can be put into the provinces utility grid. So much for his much lauded free market politics.


The Stelmach government foresees nearly doubling the amount of wind-power generation allowed in Alberta, even as the province remains the only jurisdiction in Canada to cap the production of wind energy.

Alberta's Electric System Operator introduced last year a limit of 900 megawatts of wind-energy generation, saying it was uncertain about whether wind conditions and patterns could be properly forecast -- something needed to produce a reliable stream of power.

The decision enraged wind-energy producers, which have thousands of megawatts in the queue. The rules made Alberta the only jurisdiction in Canada to impose such a cap.

"Replacing it with a higher cap is not a preferred option," said Robert Hornung, president of the Canadian Wind Energy Association. "A cap sends a signal that a door is closed, and for investors in the industry, that sends a negative signal."

NDP environment critic David Eggen, who's long been lobbying the government to axe the cap, said more wind power will help slash greenhouse gas emissions spewed by coal-fired electricity plants.

The Tory government's priority for building transmission lines has gone to the carbon-based energy suppliers, he argued, which has further hindered wind-energy generation.

"If these guys (the government) are free marketers, get out of the way and let the renewable energy groups into the market," Eggen said. "There are so many delaying tactics to prevent renewable energy from getting a foothold in this province."



Of course there never was a free market in utilities in Alberta. They are either private monopolies like ATCO Frontenac, or TransAlta, or they are publicly owned like EPCOR and Enmax.

The former being influential supporters of the Tory government and their boards are retirement homes for former PC cabinet ministers.

Deregulation was done for their bottom line not for expansion of alternative utility services such as wind energy or home based green energy production.


Wind energy companies are all private small entrepreneurs.

Cowley Ridge in southwestern Alberta is the site of Canada's first commercial wind farm. The turbines generate enough electricity to power 7,000 homes. When it was launched in 1998, 3,000 households were signed up. Now, it has more than doubled with each home paying an extra $7.50 on average for using wind power.
While big utility monopolies like TransAlta are a dumping ground for ex Tory cabinet ministers their coal and gas powered hydro monopolies must be protected by their pals like Eddie.

The provincial government wants to insure those who control the grid, do not face competition from independent johnny come lately's promoting green energy nor from home based micro energy production.



H/T to Pierre Trudeau Is My Home Boy


SEE:

Power Failure


Heat Not Light



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Thursday, May 31, 2007

Power Failure

Americans are facing an increase in electricity rates thanks to deregulation.

Illinois residents have seen a jump in electricity rates recently. NewsHour correspondent Elizabeth Brackett looks at the debate over deregulation and freezing rates in Illnois.


Which of course Albertans have faced since 2001.

A number of industry watchers, including Alberta Energy Minister Mel Knight, have been forecasting higher electricity costs for Albertans even before the Ed Stelmach government announced a new $15-per-tonne tax on carbon dioxide emissions.

And that's come on top of a $4.5-billion bill Alberta consumers are being asked to pay for desperately needed new transmission infrastructure.

Hydro Quebec rated Edmonton's residential electricity rate the fifth highest out of 11 cities in 10 provinces in 2006.

Here is the irony deregulation was supposed to create competition and thus fund infrastructure expansion. Instead it has cost consumers more, reduced competition creating power oligopolies and no new transmission infrastructure has been created.

Service, well we have increasing brown outs and black outs now thanks to deregulation. Something we now share with California.

EPCOR has begun rolling blackouts, cutting power to certain areas on alternating days to help conserve energy. It's not a terrible idea, but it makes day to day living a pain. There's no official schedule anywhere, so you just kind of have to guess when power in your area is going out.
However city owned EPCOR has increased its profits thanks to deregulation.

But these profits have not benefited consumers or tax payers, they have been shoveled into an income trust created by EPCOR. This is the real meaning of deregulation;

Epcor recently acquired TransCanada Power Limited Partnership, which now operates as Epcor Power L.P. The merger included the integration of 11 new power generation facilities located in Ontario, New York, British Columbia and Colorado. The new publicly-traded subsidiary is the largest publicly-traded company based in Edmonton.

EPCOR Power L.P. (the Partnership) is a limited partnership organized under the laws of the Province of Ontario, which owns and operates a portfolio of power generation assets in Canada and the United States.

The Partnership's mission is to be Canada's premier income fund, providing a growing, stable cash distribution to unitholders. This will be accomplished by being growth-oriented while providing unitholders with reliable long-term cash flows. Superior operating and commercial management practices will be applied to a quality portfolio of energy assets.


Stock Quote: EP.UN

$26.12


See:

What's That Smell?

Blowing in the Wind

Citizen Klein

The Wild West Buyout




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