Alcan and BC Hydro have both filed a leave to appeal application with the British Columbia Court of Appeal regarding the BC Utilities Commission (BCUC) decision last month to reject the amended and restated Long-Term Energy Purchase Agreement (LTEPA) between Alcan and BC Hydro.
‘Alcan believes that the BCUC erred in rejecting the amended and restated Long-Term Energy Purchase Agreement between Alcan and BC Hydro,’ said Michel Jacques, President and Chief Executive Officer, Alcan Primary Metal Group. ‘Even though Alcan has not yet received the detailed BCUC reasons, the Company must exercise its right of appeal before the end of the month. Once Alcan has received the detailed reasons, it will examine them to better understand the Commission’s rationale and will refine and complete the grounds for appeal.’
In a statement on its website, BC Hydro said it continues to believe that the LTEPA with Alcan represents a sound market based contract that provides a firm supply of power to help meet the growing demand for electricity in British Columbia, Canada.
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