Alberta businesses get rebate to cushion cost of electricity

Article Abstract:

An electricity rebate has been approved by the government of Alberta. The rebate program, which is intended to provide businesses with assistance for high energy costs, is related toderegulation of the electricity industry.

Government domestic functions, Finance

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Atco sees gas, power sales deal soon

Article Abstract:

Atco Ltd. plans for the sale of its natural gas and electricity division in the nxt two months.

Asset sales & divestitures, Mergers, acquisitions and divestments, Atco Ltd.

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Warm spring, higher energy costs bite deeply into B.C. Power's profit

Article Abstract:

British Columbia Hydro and Power Authority, the third-largest utility in Canada, blamed warm spring and the 64% hike in energy costs for the lower net income it gained during the first quarter of 1998. The company reported C$50 million in net income during the first quarter, declining by C$25 million compared to the year-ago result. The decline was a result of lower electricity consumption by residential customers because of the warmer temperatures during the spring. Net income was also affected by lower consumption from the industrial sector, mainly because of the strike at Fletcher Challenge Canada Ltd.

Comment:

Blames warm spring & 64-percent hike in energy costs for lower net income it gained during 1st quarter of 1998

Sales, profits & dividends, British Columbia Hydro and Power Authority, Article

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