MEDIA ADVISORY - Lights out for Alberta's PPAs. Report will reveal true cost to Albertans

CALGARY, Aug. 8, 2016 /CNW/ - The Government of Alberta recently filed a lawsuit that could be one of the most high profile and complex proceedings in Alberta's history. The issue? PPAs (Power Purchase Agreements). Falling prices and rising costs have made many of the PPAs unprofitable and some companies who sell electricity into Alberta's system want to walk away from their arrangements. The government disagrees and suggests that two billion dollars could be at stake with Albertans seeing the potential brunt of it on their electric bills. But is that really the case? Is it really that much?

Tomorrow, The School of Public Policy with authors Trevor Tombe and Andrew Leach will release a report that examines the PPA issue. With a government lawsuit, an uncertain electricity market, Albertans have questions. The report sheds light on how we got here and what the real costs to Albertans will be.

WHAT:	Press conference to release new report "Power Play: The Termination of Alberta PPAs"
WHEN:	Tuesday, August 9, 2016, 11 a.m. mountain
WHERE:	Nexen room, 5^th floor, 906 - 8^th Ave. S.W., Calgary, AB

SOURCE The School of Public Policy - University of Calgary

Morten Paulsen, 403.220.2540, [email protected]