Wednesday, October 6, 2010

Concerns Raised over Abitibi's Plans to Sell northern Dams

The provincial government wants AbitibiBowater to continue honouring water and power agreements with local communities if it proceeds with a sale of its hydro-electric dams in Kenora, Iroquois Falls and Fort Frances.

Concerns about the dams were raised in August when it was revealed the company was again looking at selling off its hydro assets.

Natural Resources Minister Linda Jeffrey says she's received no formal request to sell the Ontario dams, but shares the concerns about how the sale will impact local mills and communities.