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| Please note that all materials, research and due diligence contained in this section is, to the best knowledge of our editors, accurate up to the Fall of 2009. Be advised that TimelessWealth.net has not published nor distributed research or information pertaining to Wireless Age Communications, Inc. or affiliated parties, since. |
The Green Energy and Economy Act, 2009: Bill 150
The Hon. George Smitherman, Ontario’s Deputy Premier and Minister of Energy and Infrastructure, introduced Bill 150. Bill 150 is intended to fast track a broad range of new renewable generation facilities, to establish a culture of conservation in Ontario, and to facilitate the inclusion of First Nations and Métis communities in the "green energy economy".
The entire GEA may also be seen as a climate change initiative. Through the increased development of renewable energy projects, Ontario’s overall carbon footprint may be reduced over time. This will have implications for the province’s contribution to federal and other emissions reductions targets.
Key Features of Bill 150:
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Creation of a Renewable Energy Facilitation Office
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Streamlined Approvals Process
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Feed-In Tariff Program
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Expedited Connections for Renewable Power Projects
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Planning Act Exemptions
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Conservation and Demand Management Directives
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Smart Grid
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Generation by Municipal Electric Utilities
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Renewable Energy Cooperatives
Wireless Age (Sunbay Energy) main customer - Ontario Power Authority
A Progress Report on Electricity Supply (First Quarter 2009):
"...As of March 31, 2009, the OPA had 11,991 megawatts (MW) of electricity supply capacity under contract: 10,579 MW of large-scale electricity generation contracts and 1,412 MW of Renewable Energy Standard Offer Program (RESOP) contracts.
Excluding RESOP, the OPA is managing 46 contracts of 10,579 MW, based on average contract capacity: 3,801 MW are in service, 4,373 MW are under construction and 2,405 MW are in various stages of planning and permitting. These 46 contracts represent a $14.1 billion investment in the Ontario electricity system that began in 2005 and will continue through 2013."