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ALCAN FILES LEAVE TO APPEAL TO BCUC POWER CONTRACT DECISION
11 July 2007 - Alcan Inc
| Alcan has filed its leave to appeal application with the British Columbia (B.C.) Court of Appeal regarding the B.C. Utilities Commission decision to reject the amended and restated Long-Term Energy Purchase Agreement between Alcan and BC Hydro. The Company’s move follows BC Hydro’s similar filing earlier today to the same court. |
Alcan has filed its leave to appeal application with the British Columbia (B.C.) Court of Appeal regarding the B.C. Utilities Commission decision to reject the amended and restated Long-Term Energy Purchase Agreement between Alcan and BC Hydro. The Company’s move follows BC Hydro’s similar filing earlier today to the same court. “Alcan believes that the BCUC erred in rejecting the amended and restated Long-Term Energy Purchase Agreement between Alcan and BC Hydro,” said Michel Jacques, President and Chief Executive Officer, Alcan Primary Metal Group. “Even though Alcan has not yet received the detailed BCUC reasons, the Company must exercise its right of appeal before the end of the month. Once Alcan has received the detailed reasons, it will examine them to better understand the Commission’s rationale and will refine and complete the grounds for appeal,” he added.
http://www.alcan.com
About: Alcan Inc
Alcan is a multinational, market-driven company and a global leader in aluminium and packaging, as well as aluminium recycling. The company's operations include primary aluminium, fabricated aluminium and flexible and speciality packaging, aerospace applications, bauxite mining and alumina processing. Alcan employs 88 000 people and has operating facilities in 58 countries and regions. |
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