Alberta Power has outage at 150 MW unit

Wed Feb 6, 2008 10:33pm EST
 
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MONTREAL, Feb 6 (Reuters) - Canadian Utilities Ltd (CU.TO: Quote, Profile, Research, Stock Buzz) unit Alberta Power said on Wednesday it had an unplanned outage at its Battle River generating station and expected about 150 megawatts of power will remain off-line until mid-March.

Alberta Power has claimed force majeure relief under the provisions of a power purchase arrangement. If the claim for relief is unsuccessful, the cash impact on the company will be about C$10 million, it said. Alberta Power added that it does not expect any material impact on 2008 earnings from the outage.

($1=$1.00 Canadian) (Reporting by Robert Melnbardis; editing by Kim Coghill)

 

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