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CHARLOTTETOWN, PEI, Feb. 25, 2021 /CNW/ - As the COVID-19 pandemic continues to evolve, the Government of Canada remains committed to building a clean energy future to strengthen the economy, create good, middle-class jobs, and support the natural resources sectors.
The Honourable Lawrence MacAulay, Minister of Veterans Affairs and Associate Minister of National Defence, on behalf of the Honourable Seamus O Regan Jr., Canada s Minister of Natural Resources, today announced a $250,000 investment for Maritime Electric to install 50 Level 2 electric vehicle (EV) chargers across Prince Edward Island (PEI).
When combined with contributions from Maritime Electric, the Government of PEI and various other partners, a total of over $590,000 will be invested in this initiative to encourage the adoption of zero-emission vehicles (ZEV) by providing Canadians with more options to charge and drive their vehicles where they live, work and play.
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Fortis (TSX:FTS)(NYSE:FTS) is an energy delivery company, and 93% of the company’s assets are engaged in transmission and distribution. The business is characterized by low-risk, stable, and predictable earnings and cash flows. Earnings and total shareholder return are the primary measures of the company’s financial performance.
Diverse collection of businesses
The company owns 12 regulated utility businesses throughout the United States and Canada in areas of electric transmission, natural gas distribution, and integrated electricity. These businesses include ITC, UNS Energy, Central Hudson, Fortis BC Energy, Fortis Alberta, Fortis BC Electric, Newfoundland Power, Maritime Electric, Caribbean Utilities, and Fortis TCI. Fortis also holds equity investments in the Wataynikaneyap Partnership and Belize Electricity.
Canada Invests in New EV Chargers Across Prince Edward Island miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.