Monday, January 17, 2011

Hydro Assets Still on Chopping Block


AbitibiBowater's is still looking to sell off its hydro assets in Ontario.

That includes its hydro dam in Fort Frances.

Executive vice-president William Harvey says any sale, though, will be done without impacting mill operations.

"Anything we move there, of course, we are not going to do anything to impact the cost structure of the mills associated in Ontario," says Harvey. "That's one of our first priorities."

Harvey says any proceeds for the sale will go towards reducing the company's debt.