Part 1, Volume 158 #10
Highlights
- Danske Commodities US LLC seeks permission from the Canada Energy Regulator to export electricity to the U.S. for 10 years.
- The regulator is calling for public input on the potential impacts of the export.
- Endurance Specialty Insurance Ltd. plans to apply to insure various risks in Canada and will set up its Canadian office in Toronto.
Canada Energy Regulator Seeks Input on Danske Commodities’ Electricity Export Application
Danske Commodities US LLC has applied to the Canada Energy Regulator for authorization to export up to 900,000 MWh of electricity to the United States annually for 10 years. The Commission is seeking input from interested parties on this application and has provided directions for the submission process. Interested parties are invited to submit their views, particularly on the impact of the export on other provinces and whether the Applicant has offered to sell electricity to Canadian buyers under favorable conditions. Submissions must be filed with the CER and emailed to the Applicant by a specified deadline. The Applicant will then have the opportunity to respond to these submissions by another deadline. The CER encourages online submissions through its e-filing tool but also accepts submissions via email. The CER also notes its commitment to safety and regulatory oversight during the COVID-19 pandemic. [Source]
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Endurance Specialty Insurance Ltd. Seeks Entry into Canadian Insurance Market
Endurance Specialty Insurance Ltd., a Bermuda-based insurer, plans to apply for permission to insure risks in Canada across various classes including property, liability, boiler and machinery, fidelity, automobile, marine, surety, and aircraft. The application will be filed with the Superintendent of Financial Institutions after March 17, 2024. The company will operate in Canada under both English and French names and intends to establish its Canadian chief agency in Toronto, Ontario. Endurance Specialty Insurance Ltd. is a subsidiary of Sompo Holdings, Inc., a Japanese corporation. [Source]