Maritime Electric
 | |
| Subsidiary | |
| Industry | Energy |
| Founded | (1918) |
| Headquarters | Charlottetown, Prince Edward Island, Canada |
Area served | Prince Edward Island |
| Products | Electricity |
| Parent | Fortis Inc. |
| Website | maritimeelectric.com |
Maritime Electric is the supplier of electricity in Prince Edward Island, Canada. Maritime Electric is a public utility regulated by the Island Regulatory and Appeals Commission (IRAC) under the Electric Power Act and the Renewable Energy Act. Electricity rates and directives over all operations and expenditures are subject to IRAC’s approval.[1] The utility operates two generating stations on the island: the Charlottetown Thermal Generating Station and the Borden Generating Station.
On November 13, 2009, it was announced that the PEI government is in discussion with the province of Quebec in regard to providing electric power between the two provinces, which could lead to a long-term supply contract with Hydro-Québec, the construction of a submarine transmission line linking PEI and the Magdalen Islands, and, pending Fortis' involvement, the sale of Maritime Electric to Hydro-Québec.[2] This followed the announcement of Hydro-Québec's proposed purchase of most of NB Power's assets two weeks earlier [3] (which would later fail in March 2010).[4]
References
- ↑ "Electricity Regulation on PEI".
- ↑ Bundale, Brent (14 November 2009). "Quebec, P.E.I. talk power". Telegraph-Journal (Saint John, N.B.). p. C1. Retrieved 2009-11-14.
- ↑ "Quebec, N.B. strike $4.8B deal for NB Power". Canadian Broadcasting Corporation. October 29, 2009. Retrieved 2009-10-29.
- ↑ "Quebec balked at NB Power sale costs". CBC News. March 24, 2010.