Great Lakes committed to competitive rates.Company signs deal to build $120-million cogeneration plant Maintaining a competitive rate is the greatest challenge faced today by Great Lakes Great Lakes, group of five freshwater lakes, central North America, creating a natural border between the United States and Canada and forming the largest body of freshwater in the world, with a combined surface area of c.95,000 sq mi (246,050 sq km). Power of Sault Ste. Marie Sault Sainte Marie — pronounced "Soo Saint Marie" (IPA /su seɪnt məˈɹi/) — is the name of two cities on the Saint Marys River, which forms part of the boundary between the United States and Canada. , according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the company's president and chief executive officer. Don Watson Don Watson (born 1949) is an author and public intellectual, who was speechwriter to former Australian Prime Minister Paul Keating. He lives and works in Melbourne and lectures widely on writing and language. says his company is committed to keeping its power rates below Ontario Hydro's to help its major industrial customers - Algoma Steel ''See also Algoma (Disambiguation) Algoma Steel Corporation (TSX: AGA) was founded in 1902 by Francis Clergue, an American entrepreneur who had settled in Sault Ste. Marie, Ontario. and St. Marys Paper. He says that it does so with superior productivity and better planning. According to Watson, the rate difference saves Algoma $4.5 million and St. Mary's $2 million annually. "We're helping them stay in business in a pretty tough time," Watson says. It is that commitment which has helped earn Great Lakes Power the Northern Ontario Business Northern Ontario Business is a Canadian magazine, which publishes monthly in Greater Sudbury, Ontario. The magazine covers business news and issues in Northern Ontario. award for Company of the Year (50 plus employees), an award sponsored by The Royal Bank. Great Lakes Power was founded in 1895 when the late Francis Clergue Francis Hector Clergue (August 28, 1856 - January 19, 1939) was an American businessman who became the leading industrialist of Sault Sainte Marie, Ontario, at the turn of the 20th Century. recognized the potential of the St. Mary's rapids and bought a troubled hydro-electric project from the town for $260,000. In return for the investment, the town agreed to exempt the power company from paying taxes for 10 years. It also granted the Tagona Water and Light Company, a subsidiary, an exclusive 20-year franchise to supply the town with water and light. Work began on a much larger power canal, and four years later the hydro-electric lighting system was operational. Today Great Lakes Power operates 12 hydraulic power plants on four river systems, and it employs a staff of 140 people. More than half of the electricity it produces supplies four industrial customers, 35 per cent supplies the Sault Ste. Marie Public Utilities Commission and the remainder is sold to customers in rural areas. Acquired by Brascan in 1973, Great Lakes Power has 50-per-cent ownership of the Louisiana Hydroelectric Company and also half ownership of the Lake Superior Cogeneration Plant. In 1983 Great Lakes Power invested $116 million to increase the generating capacity of the original Sault. Ste. Marie Ste. Marie is French for St. Mary. In English the term may refer to
In 1990 it completed a $115-million development on the Magpie River Magpie River may refer to:
Earlier this year Great Lakes Power entered into a purchase contract with Ontario Hydro which will result in the construction of a 100-megawatt natural-gas-fired cogeneration facility in Sault St. Marie. The contract was significant because it was the first signed by Hydro since the utility placed a freeze on new private generation projects in late 1991. The new $120-million facility will produce power for Ontario Hydro and steam for St. Marys Paper. Hydro has signed a 20-year purchase agreement. Watson says the agreement ended a year of hectic negotiations. But the effort was worthwhile because the cogeneration plant will help eliminate the need for electricity from southern Ontario. |
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