Northland risked not receiving an estimated ~$225 mm in total unpaid revenue from the OEFC had the Ontario Court of Appeal interpreted the agreements in OEFC's favour. Though the OEFC still has the right to seek leave to appeal the Court's decision to the Supreme Court of Canada, this announcement places Northland one step closer to receiving and retaining the unpaid revenues. We anticipate that the OEFC will pursue any possibility to recover the losses from the Court's decision, so we doubt thi ....
19 Apr 2016
ONTARIO COURT OF APPEAL RELEASES POSITIVE DECISION ON GLOBAL ADJUSTMENT
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ONTARIO COURT OF APPEAL RELEASES POSITIVE DECISION ON GLOBAL ADJUSTMENT
Northland Power Inc. (NPI:TSE) | 0 0 1.8% | Mkt Cap: 3,794m
- Published:
19 Apr 2016 -
Author:
Steven I. Paget -
Pages:
2
Northland risked not receiving an estimated ~$225 mm in total unpaid revenue from the OEFC had the Ontario Court of Appeal interpreted the agreements in OEFC's favour. Though the OEFC still has the right to seek leave to appeal the Court's decision to the Supreme Court of Canada, this announcement places Northland one step closer to receiving and retaining the unpaid revenues. We anticipate that the OEFC will pursue any possibility to recover the losses from the Court's decision, so we doubt thi ....