Mill shops around for hydro rates.Boniferro Mill Works Inc. is sourcing alternative energy streams to deal with "outrageous distribution fee(s). The company "pays an outrageous distribution fee every month," says Gary Wegener, Boniferro Mill Works CFO See Chief Financial Officer. . With the high energy costs and the Canadian dollar Noun 1. Canadian dollar - the basic unit of money in Canada; "the Canadian dollar has the image of loon on one side of the coin" loonie dollar - the basic monetary unit in many countries; equal to 100 cents dropping, the company needed to source new forms of generation for their 1,600-kilowatt hardwood operations. So, they are examining natural gas or diesel generation as primary sources and possibly wind and solar to augment secondary operations like security and lighting. The company could use one generator or two to meet the 1,600-Kw demand. Each would be almost maintenance free. A heat exchanger on the electricity generator exhaust will help reduce heating costs by approximately 50 per cent. On average, the mill spends $75,000 to $80,000 a month on gas and electricity. The plant produces more than 17 million board ft annually. They would like to cut energy spending by one-third. Les Graham, proprietor of Graham Page & Associates, says they will be able to reduce their energy load by more than that. But a portion of the energy may still need to come from Great Lakes Power (GLP See gateway location protocol. ), so officials are attempting to negotiate their power rates. But, no one has replied back. "They are not alive at this moment," Graham says. "I don't know Don't know (DK, DKed) "Don't know the trade." A Street expression used whenever one party lacks knowledge of a trade or receives conflicting instructions from the other party. what will happen when (they) wake up." Shelley Moorhead, GLP's director of corporate communications says it is a bit complicated. All negotiations have to go to the Ontario Energy Board The Ontario Energy Board (OEB) is a Crown corporation responsible for regulating natural gas and electricity utilities in the province of Ontario, Canada. This includes setting rates and approving the Independent Electricity Market Operator (IMO)'s budget and fees. before adjustments can be made, which is where BMW BMW in full Bayerische Motoren Werke AG German automaker. Founded as an aircraft engine manufacturer in 1916, the company assumed the name Bayerische Motoren Werke and became known for its high-speed motorcycles in the 1920s. is sitting now. If a user obtains approval for rate reduction then it means other user's rates increase. In the meantime Adv. 1. in the meantime - during the intervening time; "meanwhile I will not think about the problem"; "meantime he was attentive to his other interests"; "in the meantime the police were notified" meantime, meanwhile , BMW is carrying on with the energy report. The Forest Sector Prosperity Fund taken from the Ministry of Natural Resources forest aid package will provide $150 million over three years to help companies improve fibre efficiencies, energy conservation and co generation. Wegener will submit an application to obtain a portion of that funding. The generators will probably be installed by a contractor, but the in-house crew will maintain them. Within the next six months, the company expects to have a clearer direction on where their energy will come from in the future. The transition will cost approximately $1.2 million, allowing the company to recoup their investment within four months. "It has a very quick pay back," Wegener says. www.bmwssm.com By KELLY LOUISEIZE 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. |
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