Altius Provides Update on Coal Litigation
In keeping with the regulatory changes and its compensatory agreement, the plant operator is currently converting the generating units to natural gas fueling and once this is completed and coal mining ended, royalty payments to Altius will cease.
- In keeping with the regulatory changes and its compensatory agreement, the plant operator is currently converting the generating units to natural gas fueling and once this is completed and coal mining ended, royalty payments to Altius will cease.
- Brian Dalton, CEO of Altius, commented, Altius wishes to make clear that it does not take issue with the intended phase out of coal fired power generation in Canada.
- The statements are based on reasonable assumptions and expectations of management and Altius provides no assurance that actual events will meet management's expectations.
- Altius does not undertake to update any forward-looking information contained herein except in accordance with securities regulation.