Newfoundland and Labrador-based Fortis (CA: FTS) isn’t alone in its bid to buy Central Vermont Public Service. The CVPS board announced on June 27 that the company has authorized talks with Gaz Metro on Gaz Metro’s unsolicited acquisition of…
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The Sir Robert Bond Papers: Fortis fighting two tin-pot bureaucracies
Newfoundland and Labrador based Fortis is seeking compensation for seized electricity production assets seized by two governments half a continent apart. The company is seeking payment for its interest in a Belize electricity company seized this week …
Continue readingThe Sir Robert Bond Papers: Belize dannys Fortis
Almost three years after Danny Williams’s Conservative administration in Newfoundland and Labrador expropriated Fortis’ electricity assets in the province, the government of Belize has taken a leaf from Williams’ playbook and seized Fortis’ int…
Continue readingThe Sir Robert Bond Papers: Belize wants to buy out Fortis interest in Belize power company
From Fortis: “The Government of Belize (the “Government”) issued a media release on Friday, June 10, 2011 announcing the Government’s interest, “…in purchasing majority shares in BEL so as to assume control of the company.” No purchase proposal ha…
Continue readingThe Sir Robert Bond Papers: Fortis buys Vermont power utility
Fortis Inc. (FTS-T) announced Monday it will buy Central Vermont Public Service Corporation. CVPS serves 160,000 customers throughout the state. This is the first American purchase for Fortis, a company that owns electricity generation and distributio…
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