Impact: Neutral to slightly negative. This announcement comes as expected after Northland's announcement on April 19, 2016 that the Ontario Court of Appeal confirmed the ruling of the Superior Court in favour of Northland. The Court had ruled that the Company's interpretation of the price escalator for power was correct, and therefore the OEFC owed revenues to the companies it had underpaid. As we stated earlier, we believe the OEFC will pursue all avenues to try and recover past payments and av ....
23 Jun 2016
OEFC SEEKS LEAVE TO APPEAL ON PPA RULING
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OEFC SEEKS LEAVE TO APPEAL ON PPA RULING
Northland Power Inc. (NPI:TSE) | 0 0 1.8% | Mkt Cap: 3,794m
- Published:
23 Jun 2016 -
Author:
Steven I. Paget -
Pages:
2
Impact: Neutral to slightly negative. This announcement comes as expected after Northland's announcement on April 19, 2016 that the Ontario Court of Appeal confirmed the ruling of the Superior Court in favour of Northland. The Court had ruled that the Company's interpretation of the price escalator for power was correct, and therefore the OEFC owed revenues to the companies it had underpaid. As we stated earlier, we believe the OEFC will pursue all avenues to try and recover past payments and av ....