Type | Public company |
---|---|
Industry | Natural Gas/Pipelines |
Defunct | 2017 |
Fate | Acquired by Pembina Pipeline |
Headquarters | , |
Key people | Don L. Althoff, CEO; Stephen W. C. Mulherin, Chairman |
Website | www.vereseninc.com [ dead link ] |
Veresen Inc. was a Calgary, Alberta-based energy infrastructure company with three main lines of business: pipelines, natural gas and power generation. It was a publicly-traded company on the Toronto Stock Exchange, and was known as Fort Chicago Energy Partners L.P. In 2017, it was acquired by Pembina Pipeline for $9.7 billion. [1]
Beginning in the spring of 2010, Fort Chicago began aggressively moving into the renewable energy sector, with a particular focus on British Columbia.
In September 2010, Fort Chicago reached an agreement to purchase Pristine Power, which develops biomass and hydro power projects. Prior to this transaction, Fort Chicago had an 11.4% stake in Pristine.
In September 2009, Pristine Power increased its ownership position from 10% to 47% in the Klinaklini project proposed by Kleana Power. The deal was structured as a nominal down payment with future payments coming after various milestones, notably the signing of a PPA (however the project was unsuccessful in 2008 Call). With this deal, Pristine increased its ownership position in several other projects, including Machmell River, and expected that its generation portfolio would double to 282 MW.
In September 2010, Fort Chicago reached an agreement to purchase three BC-based hydro assets of ENMAX, the City of Calgary's municipally-owned electric utility.
A power station, also referred to as a power plant and sometimes generating station or generating plant, is an industrial facility for the generation of electric power. Power stations are generally connected to an electrical grid.
The electricity sector in Canada has played a significant role in the economic and political life of the country since the late 19th century. The sector is organized along provincial and territorial lines. In a majority of provinces, large government-owned integrated public utilities play a leading role in the generation, transmission, and distribution of electricity. Ontario and Alberta have created electricity markets in the last decade to increase investment and competition in this sector of the economy.
TransAlta Corporation is an electricity power generator and wholesale marketing company headquartered in Calgary, Alberta, Canada. It is a privately owned corporation and its shares are traded publicly. It operates 76 power plants in Canada, the United States, and Australia. TransAlta operates wind, hydro, natural gas, and coal power generation facilities. The company has been recognized for its leadership in sustainability by the Dow Jones Sustainability North America Index, the FTSE4Good Index, and the Jantzi Social Index. TransAlta is Canada's largest investor-owned renewable energy provider. The company is not without controversy as the Alberta Utility Commission ruled in 2015 that TransAlta manipulated the price of electricity when it took outages at its Alberta coal-fired generating units in late 2010 and early 2011.
Enmax Corporation is a vertically integrated utility with operations across Alberta, Canada, and in Maine, U.S. Through its subsidiaries, ENMAX Power Corporation and Versant Power, ENMAX owns and operates transmission and distribution utilities that deliver electricity to customers in Calgary, Alberta, and northern and eastern Maine. Through ENMAX Energy Corporation, ENMAX owns and operates power generation facilities and offers electricity and natural gas products and services to residential, commercial and industrial customers across Alberta.
Canada's natural gas liquids industry dates back to the discovery of wet natural gas at Turner Valley, Alberta in 1914. The gas was less important than the natural gasoline - "skunk gas" it was called, because of its distinctive odour - that early producers extracted from it. That natural gas liquid (NGL) could be poured directly into an automobile's fuel tank.
Run-of-river hydroelectricity (ROR) or run-of-the-river hydroelectricity is a type of hydroelectric generation plant whereby little or no water storage is provided. Run-of-the-river power plants may have no water storage at all or a limited amount of storage, in which case the storage reservoir is referred to as pondage. A plant without pondage is subject to seasonal river flows, thus the plant will operate as an intermittent energy source. Conventional hydro uses reservoirs, which regulate water for flood control, dispatchable electrical power, and the provision of fresh water for agriculture.
Iceland is a world leader in renewable energy. 100% of Iceland's electricity grid is produced from renewable resources. In terms of total energy supply, 85% of the total primary energy supply in Iceland is derived from domestically produced renewable energy sources. Geothermal energy provided about 65% of primary energy in 2016, the share of hydropower was 20%, and the share of fossil fuels was 15%.
FortisBC is a Canadian owned, British Columbia based regulated utility focused on providing safe and reliable energy, including natural gas, Renewable Natural Gas, electricity and propane. FortisBC has approximately 2,600 employees serving more than 1.2 million customers in 135 B.C. communities and 58 First Nations communities across 150 Traditional Territories.
The Bieudron Hydroelectric Power Station is a hydroelectric power plant located in the Swiss Alps in the Canton of Valais in Switzerland. The power plant is fed with water from the Grande Dixence Dam's reservoir, Lac des Dix and is part of the Cleuson-Dixence Complex. The 1269 MW power plant is operated by Grande Dixence SA.
Kakabeka Generating Station is a hydroelectric facility operated by Ontario Power Generation on the bank of the Kaministiquia River, 2 km (1.2 mi) downstream from Kakabeka Falls in the community of Kakabeka Falls, Ontario, 30 km (19 mi) west of Thunder Bay. The plant provides energy to the city of Thunder Bay and area. The station is one of ten hydroelectric stations in Ontario Power Generation's Northwest Plant Group, and is remotely operated from Thunder Bay.
Natural gas was Canada's third largest source of energy production in 2018, representing 22.3% of all energy produced from fuels in the country. By contrast, the share of fuel-based energy production from natural gas in 2013 was 17.0%, indicating a growth rate of approximately 1.06% per year.
Capital Power is an independent power generation company based in Edmonton, Alberta, Canada. Capital Power develops, acquires, owns and operates power generation facilities using a variety of energy sources. Capital Power owns approximately 6,600 megawatts of power generation capacity at 27 facilities across North America.
Pembina Pipeline is a Canadian corporation that operates transportation and storage infrastructure delivering oil and natural gas to and from parts of Western Canada ; there is also a natural gas processing business that takes place at the Cutbank Complex. Western Canada is the source of all the product transported by its systems. Some of the pipelines and facilities have short term contracts with oil producers while others are long term. For 37 years until 1997 when it went public and established itself as a trust, Pembina was a regular privately owned business. On October 1, 2010 it converted to a corporation from a trust, changing its official name from Pembina Pipeline Income Fund to Pembina Pipeline Corporation. As of 2016 the company had more than 1260 employees, up from 427 in 2010. The company's total assets nearly doubled in 2017.
Stave Falls Dam is a dual-dam power complex on the Stave River in Stave Falls, British Columbia, Canada. The dam was completed in 1912 for the primary purpose of hydroelectric power production. To increase the capacity of Stave Lake, the dam was raised in 1925 and the Blind Slough Dam constructed in an adjacent watercourse 500 m (1,600 ft) to the north, which was the site of the eponymous Stave Falls. In 2000, the dam's powerhouse was replaced after a four-year upgrade. The original Stave Falls powerhouse was once British Columbia's largest hydroelectric power source, and is a National Historic Site of Canada.
Energy in Bhutan has been a primary focus of development in the kingdom under its Five-Year Plans. In cooperation with India, Bhutan has undertaken several hydroelectric projects whose output is traded between the countries. Though Bhutan's many hydroelectric plants provide energy far in excess of its needs in the summer, dry winters and increased fuel demand makes the kingdom a marginal net importer of energy from India.
Island Generating Station is a natural gas-fired station owned by Capital Power Corporation, in Campbell River, British Columbia, Canada. The plant operates as a co-generation facility under a 20-year power purchase agreement with BC Hydro while steam is supplied to Elk Falls Mill.