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Power Purchase Agreement with Minnesota Power

We have signed a “term sheet” with Minnesota Power, which sets out terms for:

  • a surplus energy sale beginning in 2008; and
  • a 15-year purchase agreement for 250 megawatts of firm power starting in 2020.

The sale provides an opportunity to plan construction of hydroelectric generation in northern Manitoba and major new transmission facilities between Canada and the U.S. Detailed contract negotiations are underway.

For more details, see the Province of Manitoba news release.