Friday, August 3, 2012

News on Port Hawkesbury Sale


A claim that electricity customers will pay an extra $7 million a year to operate a new biomass plant because a Cape Breton paper mill needs the steam is wrong, says the mill’s would-be owner.
Pacific West Commercial Corp. called the figure, included in a regulatory filing last week by the Avon Group of companies, an “erroneous assertion.”
The Supreme Court of Nova Scotia approved a plan Wednesday that would see 11 municipalities paid about $3 million in outstanding property taxes if the sale of the idle NewPage Port Hawkesbury paper mill is approved.