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The potential purchaser of the idled [NewPage] Port Hawkesbury paper mill has almost worked out an electricity deal and has contacted the union to start labor negotiations, the bankruptcy monitor revealed. Extensive negotiations between Pacific West Commercial Corp. (PWCC) and Nova Scotia Power Inc. have been “constructive,” and the companies “are working toward finalizing an agreement on the supply of energy to the company,” Ernst & Young said in a report to a Canadian bankruptcy court.
PWCC has said that obtaining favorable electricity rates was a major condition of it buying the mill and restarting its world-class supercalendered paper machine.
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