Atco puts gas, electric retail units on block

Article Abstract:

Atco Ltd. is offering its electric and gas retail units for sale. The company said that it does not wish to compete in Alberta markets that will be opening up to competition.

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Competition cops raided power firms

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The Canadian Competition Bureau raided Enron Canada Corp.'s and Powerex Corp.'s offices as part of a price-fixing investigation. Both firms have denied any illegal activity.

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U.S. power company plans $450-million plant in Calgary

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US-based AES Corp plans to build a $450 million gas-fired electricity plant in Calgary, Alberta. Deregulation in the province has caused a major increase in power prices.

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