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Alberta NDP nearing settlements in PPA disputes with some utilities The Notley government says it's close to settling with some of the province's largest utilities to end months of conflict and litigation over the ongoing power purchase arrangements controversy, but Calgary utility Enmax flatly denies any deal has been struck.

A government source said Monday the province has reached a proposed settlement with Edmonton based Capital Power and TransCanada Corp. of Calgary, "and has agreed to the latest written offer from Enmax. we successful, then all of our litigation would be extinguished, said the source. are confident we will resolve all of them. on Monday evening, Enmax insisted no agreement has been struck. 1 increase in the carbon levy on large greenhouse gas emitters as the cause. In July, the government filed suit to have the "more unprofitable" clause declared void, claiming it was unlawfully enacted under the previous Progressive Conservative government at the behest of defunct Enron Corp. The NDP, which has also not ruled out changing the legislation retroactively, has said returning the contracts would cost Albertans an additional $2 billion on their power bills by 2020 when the PPAs expire. The source said that if the deal is ratified, the two sides would divvy up the losses of the unprofitable PPAs, paving the way for the government to move ahead with its broader reforms of Alberta deregulated power market. The cost to taxpayers is unclear at this point. The province has apparently agreed to take on losses kate spade news tied to the government hiking the carbon levy, while industry players would assume losses connected to slumping electricity prices that have sunk to 20 year lows. means the companies have now agreed to accept their market losses, and the government will deal with the losses related specifically to our policy change, said the source. "The PPAs will come back to us. We will manage them inside the Balancing Pool. "We were kate spade bags outlet sale confident in our legal moves here, but it really was the back and forth and the legal matters here were holding up the broader reform of the energy market. government's handling of the PPA file has become a political tempest, with the NDP drawing fierce criticism from opposition parties, business groups and Mayor Naheed Nenshi. The mayor suggested last week the province would be "nuts" to change legislation retroactively. Both Capital Power and TransCanada issued statements Monday saying they would not comment on "rumour." "If and when the PPA litigation is resolved, we will make an announcement at that time," said Capital Power. "Until then, we will not comment on hypotheticals, or provide status updates on litigation." Rumblings about a possible deal reached the legislature Monday, as interim Tory Leader Ric McIver pressed Premier Rachel Notley for details about a potential agreement. "We are pretty certain that the government's made a settlement on the PPAs with Capital Power," he said. Notley, in response, neither confirmed nor denied the contention. "Our government will work very hard to get the best outcome for Albertans and Alberta consumers that we can," she said. "And when we are at that point that we believe we've reached the best outcome for Albertan consumers that we can get, we'll be happy to speak kate spade tote bag sale more of it." The Notley government says it's close to settling with some of the province's largest utilities to end months of conflict and litigation over the ongoing power purchase arrangements controversy, but Calgary utility Enmax flatly denies any deal has been struck. A government source said Monday the province has reached a proposed settlement with Edmonton based Capital Power and TransCanada Corp. of Calgary, "and has agreed to kate spade bags usa the latest written offer from Enmax. we successful, then all of our litigation would be extinguished, said the source.

are confident we will resolve all of them. on Monday evening, Enmax insisted no agreement has been struck. "We can unequivocally confirm that there's been no deal between Enmax and the government regarding the PPA issue," said Enmax spokeswoman Doris Kaufmann Woodcock.


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