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Yangarra Resources Ltd T.YGR

Alternate Symbol(s):  YGRAF

Yangarra Resources Ltd. is a Canadian junior oil and gas company engaged in the exploration, development and production of clean natural gas and conventional oil. The Company has its main focus in the Western Canadian Sedimentary Basin. The Company has an interest in approximately 184.5 sections (118,080 acres) in this field, which is located around the town of Rocky Mountain House, Alberta. The company has developed its land base to target the halo Cardium at Ferrier, Chedderville, Cow Lake, Chambers, O’Chiese, and Willesden Green with a focus on exploiting the prolific bioturbated zone as part of the entire Cardium package.


TSX:YGR - Post by User

Post by TheRexmemberon Apr 05, 2024 11:57pm
151 Views
Post# 35974433

Electricity supply issues

Electricity supply issues From global 

Friday, and the provincial capital briefly faced rotating power outages — and it isn’t the first time this year Albertans have faced shortages.

Just before 7 a.m., the AESO declared a grid alert due to tight supply.

“Generation is slowly coming online, and we expect conditions to return to normal by 10 a.m.,” the non-profit organization posted on social media.

Utility provider Epcor said around 9 a.m. that AESO had directed it to “help manage power consumption in the province” so rotating outages were rolling across Edmonton.

Half an hour later, the outages stopped as the directive to conserve power had ended, but not before about 20,000 customers in Edmonton lost power at some point.

Enmax Power also tweeted that a number of Calgary neighbourhoods could see power disruptions as a result of the AESO directive.

Supply not matching demand: Utility advocate

Alberta’s electricity market is unique in Canada in that it is a for-profit, deregulated system.

It pays generators only for the power they actually dispatch onto the grid and pays nothing for standby generating capacity.

David Gray, former executive director of the Utility Consumer Advocate, said because Alberta operates as a real-time market, anything out of the ordinary brings the risk of knocking the system offline.

“There’ve been a number of the thermal plants — either the refired coal plants that are now running on gas and the coal plant that’s left at Genesee — that have been having outages. But the real the core problem is that we just don’t have enough backup power.”


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