2009-03-31
06:42:32
The Fort Frances Power Corporation says it will take an active role in protecting the town's interests in the pending sale of AbitibiBowater's hydro-electric assets in Fort Frances.
AbitibiBowater has yet to finalize a deal with Brookfield Asset Management for the dam, along with other assets in Ontario. The Corporation's board chair Doug McCaig says if that offer moves ahead, the corporation will seek intervener status when the two sides seek a license amendment with the Ontario Energy Board.
McCaig adds that a call by a group of residents wanting the power corp. to purchase the Fort Frances dam is not a new concept, but one that is not as simple as being suggested. He says there are many complex issues that would have to be reviewed before any purchase can be considered.
