Power squeeze in Alberta may mean darker, colder winter

Article Abstract:

Alberta, Canada is facing potential occurences of power outages in winter-1998, amid tight supply of electricity in the province. Due to strong economic growth of between 4% to 6% annually over the past four years, as well as an influx of new businesses and residents, demand for electrical power in Alberta has increased by more than 300 megawatts, or 3%, annually. However, the electricity grid of the province is yet to add a major generating station since 1994, and members of Alberta's electricity industry are now drafting a plan to alleviate the load. The plan includes strategies such as offering monetary compensation to business clients that shut down or reduce power utilization during potential emergency periods in winter-1998.

Comment:

Canada: Alberta province is facing potential occurences of power outages in winter-1998, amid tight supply of electricity

Market information - general, Electric Power Generating, Electric Power Generation, Electric Power Trans & Distr, Electric Power Transmission, Control, and Distribution, Electric power supply

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First Marathon fined by ASC

Article Abstract:

First Marathon Securities Ltd. has been fined C$200,000 and C$50,000 in costs by the Alberta Securities Commission for failure to report 67 professional stock trades of Cartaway Resources Corp. made by the company's employees in 1995 and 1996. First Marathon did not designate the employees' professional stock trades as such. The transactions, also called pro-trade, involves brokerage purchases of stock for its own accounts rather than for its clients. Failure to designate pro-trades is against the bylaws of the Alberta Stock Exchange.

Comment:

Is fined C$200,000 & C$50,000 in costs by the Alberta Securities Commission for failure to report professional stock trades

Government regulation (cont), Securities Brokerage, Stockbrokers, First Marathon Securities Ltd.

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Enbridge proposes $603-million pipeline

Article Abstract:

Enbridge Inc. of Calgary, Alberta, is planning to invest C$603 million to build a crude oil pipeline to serve the refineries in Texas and Louisiana. The company believes that the refineries would need more crude oil than onshore producers can provide. The proposed 440-km Alligator Pipeline would be able to ship at least 600,000 barrels a day, and can eventually carry up to 900,000 barrels a day.

Capital expenditures, Crude Oil Pipelines, Pipeline Transportation of Crude Oil, Petroleum pipelines, Enbridge Inc.

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