Should we be surprised that the practices fine-tuned by marauding corporations in the developing world are finally coming home to roost?
The St. John’s City Council has approved of Fortis’ proposal to build a new 12-story office building on the corner of New Gower Street downtown. The structure of one of three large proposals slated for that intersection, and the first one approved. A view-plane analysis of the area with all three buildings included can be found here at the Skyscraper Forum. Source: CBC
St. John’s-based Fortis Inc. is acquiring a Vermont-based integrated electric utility company for US$700 million, giving the Newfoundland-based company its first entry into the U.S. regulated power industry. “CVPS is a well-run utility whose operations are very similar to those of our Canadian regulated utilities, allowing us to use our collective competencies to further enhance service to customers and returns to our shareholders,” said Fortis president and CEO Stan Marshall. Fortis already owns Newfoundland Power as well as other utilities in Ontario, British Columbia, Alberta and P.E.I.