The government of Alberta and ENMAX Corp. announced March 9 that they reached an agreement to end a legal action initiated in 2016 by the attorney general related to a power purchase agreement.
The agreement provides for the transfer from ENMAX to the Balancing Pool of 166,667 carbon offset credits, and for a payment of equivalent value to ENMAX from the balancing pool for previously disputed and unpaid dispatch services, as well as power purchase agreement, or PPA, transition matters.
The offset credits will, according to a news release, help the Balancing Pool meet greenhouse gas emissions compliance obligations for its generation assets. The Balancing Pool is a provincial government entity set up to administer PPAs.
"The Government of Alberta took legal action to fight to protect Albertans, and many parties, including ENMAX, were regrettably caught up in our action against the past government," Canadian Ministry of Energy spokesperson Margaret McCuaig-Boyd said.