Earth Equity News

Huge Alberta Hydro Project Scuttled. By Scott Haggett, Reuters, 10/19/10. “TransCanada Corp and Atco Ltd have abandoned plans to build a C$5 billion ($4.85 billion) dam on the Slave River in northern Alberta after a local native group refused to back the project. The planned dam was a run-of-river project that would have generated 1,200 to 1,300 megawatts of electricity from the Slave, an undeveloped river than carries more that two-thirds of Alberta's waterflow north to Great Slave Lake in the Northwest Territories. The project, first proposed two years ago, was still being studied, but the partners could not win the support of regional aboriginal roups… TransCanada is the country's biggest pipeline company, and owns generating plants in Canada and the United States... Diversified energy and utilities company Atco owns generating plants in Canada, Britain and Australia.”