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It is believed that the original power plant was built to supply electric power to the iron mines at Torbrook, near Nictaux; it is not clear what company built it or owned it originally. Maine's electrical restructuring started March 1st, 2000.
$10 REWARD As we are under considerable expense in repairing street lights that are maliciously broken, we offer the above reward for information that will lead to the conviction of the guilty parties. Incorporated on 26 January 1911 as Sydney Mines Electric Co. Bangor Hydro, a Maine company that is more than 100 years old, will become a wholly owned subsidiary of NS Power Holdings.The route travelled by horse and ox teams over the Deep Hollow Road (paved now but not then) to Wolfville, Canning and Port Williams was no easy haul. As of January 1st, 1961, the total authorized capital of the Canada Electric Company Limited was 15,000 shares, divided 11,500 common and 3,500 preferred. "It was a competitive competition." NS Power is paying 1.4 times book value for Bangor Hydro, Mann said.— Historic Kings County (booklet), Kings County Historical Society, 2004 Service area: Baddeck, Victoria County In January 1927, Norman Bethune (1899-1986) began providing electric power, during the evening hours only, to a small area of downtown Baddeck. Norman Bethune, owner of the plant, told the PUB that the generating equipment consists of one 15 horsepower oil engine [probably a single-cylinder Diesel (compression-ignition) engine] belted to a ten kilowatt Direct Current [DC] 110-volt generator. Of these authorized shares, 9,000 common shares and 2,500 preferred shares were issued. The deal will be financed through a long-term bank loan.In addition, PUHCA requires that before purchasing securities or property from another company, a holding company must file for approval with the SEC. This plant was located at Nictaux Falls, about 4km south of Middleton, in Annapolis County. The merger follows a trend in the restructuring of state electricity markets.NSL 1923 chapter 121 — Act respecting the Avon River Power Co. In 1921, the Avon River Power Company was incorporated by Roy Jodrey and Charles Wright. It was demolished in the early 1950s to make way for the construction of the new and larger hydro-electric power plant, also called Nictaux, that was built on this site by the Nova Scotia Light & Power Company, and put into service about 1956. Under government-mandated deregulation, companies that once made and delivered electricity were told to sell their generators but keep and maintain the transmission lines.Even with this arrangement, the distribution system would not have been able to supply electricity to the farthest customer at satisfactory voltage. The acquisition premium is the difference between the asking price and book value.
A ten kilowatt generator supplying 110 volts will be delivering about 90 amperes. "For the moment, we will follow the philosophy we have in Nova Scotia — stable rates," Mann said.
A holding company under PUHCA is an enterprise that directly or indirectly owns 10% or more of stock in a public utility company. Its primary business is Nova Scotia Power, an integrated electricity generator and transmission and distribution company with more than 440,000 customers and $2,900,000,000 Canadian in assets.
To eliminate the complex and confusing structure of holding companies that had made them almost impossible to regulate, Section 11b of Title I (the "Death Sentence Clause") of PUHCA abolishes all holding companies that were more than twice removed from their operating subsidiaries. and thereafter operated it as a wholly-owned subsidiary. bought six small electric utilities: Centreville Electric Light & Power Company, Gaspereaux Valley Electric Light Company, Lower Horton Electric Company, Kingston Electric Light Commission, the Town of Middleton's electric power system, and Sheffield Mills Light & Power Company. bought the electric power distribution system owned and operated by the Canning Water Commissioners. Bangor Hydro has 192,000 customers and assets of $544,000,000 (about C$810,000,000). The company also has a financial interest in the Maritimes and Northeast natural gas pipeline which is being installed through Maine.
Assuming the distribution system radiated in four directions, with the load divided equally among all four lines (the most favourable arrangement), each circuit would be carrying more than 20 amperes, and the voltage drop would be dramatic even over a distance of two or three blocks. Bethune's DC system, as he well knew, was not capable of reaching even to the town outskirts, but this was a startup operation, financed on a shoestring, and it was good enough to bring electric lights to the area for the first time.] The PUB report continues: The total capital cost of plant installed to date, including land and buildings, is approximately $4,000. "The standard is that [the merger] doesn't have to benefit any constituencies, just that they aren't worse off," Briggs said.
The system has been in operation for five months and has at present 23 consumers connected with the expectation of serving a total of 40 consumers, together with nine 60-watt street lights. NS Power has not raised its electric rates in three years, he said, and plans on keeping them at their current level for the next two years.
The distribution system includes 1.5 miles [about 2.4 km] of line carried for the most part on poles owned by the Maritime Telegraph & Telephone Company, only fourteen poles having been supplied by Mr. [Comment: Since this was a DC system, there were no transformers anywhere – the entire system operated at the generator voltage. By agreement dated January 1st, 1961 and effective January 4th, 1961, all issued shares — 9,000 common and 2,500 preferred — were acquired from the former shareholders and as of January 4th, 1961 said shares were held as follows: Her Majesty the Queen . The company will not repay the loan by raising rates but through savings arrived at by making the merged operations more efficient, he said.