OTCPK:MGMXD - Post by User
Comment by
Roadrasshon Oct 23, 2010 3:31pm
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Post# 17603310
Site C first. Bute second
Site C first. Bute secondI think it makes total sense. (alo of dollars as well). This is a buisness venture. Larger companies with deeper pockets can see exactly what your talking about just look at the aquasitions and unexpected forays large corps have made into green energy.
https://www.altagas.ca/forrestkerr.
What is interesting about Plutonic's setup is the way they have structured thier company. It would appear they could sell a single generating facility or everything. The only thing connecting Upper Toba to the other sites is the transmission line. Maybe they sell the Hydro to some gas company and keep the wind segment with its approved expansion. Or maybe the whole kit and kaboodle and retire. (I have a hard time believing that last bit as apparantley most of the management is ex Hydro retiriees and clearly they love what they do)
I am curious to know if BC Hydro will take over the transmission lines?
Yes from what I have heard the contract is very lucrative and clearly was enough for GE to fianance a great deal. (including a last minute Dokie/earth first take over with a re-negotiated power deal! Plutonic being the only company able to go back and get a better deal from Hydro).
Can the agreement be transferred. Yes look at Dokie and Earth first.
Team Roadrash out