Lonsdale Energy Corp
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Lonsdale Energy Corp
Lonsdale Energy Corporation or LEC is a wholly owned city of North Vancouver corporation working in partnership with Terasen Utility Services to deliver energy services to the Lower Lonsdale area of North Vancouver since 2003. It has received $8 million in government and private sector funding. Green Municipal Funds, endowed by the Government of Canada and administered by the Federation of Canadian Municipalities, support the project with a $2 million low-interest loan In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations, etc. The recipient (i.e., the borrower) incurs a debt and is usually liable to pay interest on that d ... and a $2 million grant. Terasen Utility Services and the municipality are each providing $2 million. The district energy system will produce hot water at a series of mini-plants within Lower Lonsdale and then distribute the hot water energy through underground pi ...
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North Vancouver (city)
The City of North Vancouver is a city on the north shore of Burrard Inlet, British Columbia, Canada. It is the smallest in area and the most urbanized of the North Shore (Greater Vancouver), North Shore municipalities. Although it has significant industry of its ownincluding shipping, Chemical industry, chemical production, and Film industry, film productionthe city is considered to be a suburb of Vancouver. The city is served by the Royal Canadian Mounted Police, British Columbia Ambulance Service, and the North Vancouver City Fire Department. History In the 1880s, Arthur Heywood-Lonsdale and a relation James Pemberton Fell, made substantial investments through their company, Lonsdale Estates, and in 1882 he financed the Moodyville investments. Several locations in the North Vancouver area are named after Lonsdale and his family. Not long after the District was formed, an early land developer and second reeve of the new council, James Cooper Keith, personally underwrote a loan ...
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Terasen Inc
FortisBC is a Canadian owned, British Columbia based regulated utility focused on providing safe and reliable energy, including natural gas, Renewable Natural Gas, electricity and propane. FortisBC has approximately 2,600 employees serving more than 1.2 million customers in 135 B.C. communities and 58 First Nations communities across 150 Traditional Territories. Two separate utilities do business as FortisBC – one focusing on the provision of electricity in the province's Southern Interior and the other on gas distribution throughout the province currently delivering natural gas, Renewable Natural Gas (RNG) and propane. The electricity utility (FortisBC Inc.) serves close to 185,000 customers both directly in communities such as Kelowna, Osoyoos, Trail, Castlegar, Princeton and Rossland and indirectly through the wholesale supply in the communities of Summerland, Penticton, Grand Forks, and Nelson. The company owns and operates approximately 7,300 kilometres of transmissio ...
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Lower Lonsdale
Lower Lonsdale is a historic waterfront neighbourhood in the city of North Vancouver (city), North Vancouver. Lower Lonsdale runs up Lonsdale Avenue from Lonsdale Quay to Keith Road. The area is characterized by its progressive feel of trendy businesses, a high end sex shop, outdoor fitness stores, eclectic cafes, and diverse restaurants. With a history of shipbuilding, in 2021 Lower Lonsdale underwent a major waterfront renewal processes. The old shipyards have been torn down, making way for new public spaces, buildings, condominiums, and fashionable outlets. History Before the emergence of today’s neighbourhood, the First People to call this parcel of land home was the Squamish peoples who built permanent villages and fishing camps along the community’s shoreline and river-inlets, sustaining themselves by fishing, hunting and food-gathering. Just over 200 years ago, the Squamish peoples had their first encounter with the Spaniards, Spanish who were the first Europeans to arri ...
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Private Sector
The private sector is the part of the economy, sometimes referred to as the citizen sector, which is owned by private groups, usually as a means of establishment for profit or non profit, rather than being owned by the government. Employment The private sector employs most of the workforce in some countries. In private sector, activities are guided by the motive to earn money. A 2013 study by the International Finance Corporation (part of the World Bank Group) identified that 90 percent of jobs in developing countries are in the private sector. Diversification In free enterprise countries, such as the United States, the private sector is wider, and the state places fewer constraints on firms. In countries with more government authority, such as China, the public sector makes up most of the economy. Regulation States legally regulate the private sector. Businesses operating within a country must comply with the laws in that country. In some cases, usually involving multinatio ...
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Government Of Canada
The government of Canada (french: gouvernement du Canada) is the body responsible for the federal administration of Canada. A constitutional monarchy, the Crown is the corporation sole, assuming distinct roles: the executive, as the ''Crown-in-Council''; the legislature A legislature is an assembly with the authority to make law Law is a set of rules that are created and are enforceable by social or governmental institutions to regulate behavior,Robertson, ''Crimes against humanity'', 90. with its p ..., as the ''Crown-in-Parliament''; and the courts, as the ''Crown-on-the-Bench''. Three institutions—the Privy Council ( conventionally, the Cabinet); the Parliament of Canada; and the Judiciary of Canada, judiciary, respectively—exercise the powers of the Crown. The term "Government of Canada" (french: Gouvernement du Canada, links=no) more commonly refers specifically to the executive—Minister of the Crown, ministers of the Crown (the Cabinet) and th ...
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Federation Of Canadian Municipalities
The Federation of Canadian Municipalities (FCM, ''Fédération canadienne des municipalités'') is an advocacy group representing over 2000 Canadian municipalities. It is an organization with no formal power but significant ability to influence debate and policy, as it is a main national lobby group of mayors, councillors and other elected municipal officials. It negotiates with the Government of Canada's departments and agencies on behalf of municipalities, and provides fund administration services for the Government of Canada's departments and agencies. History In 1901, the Union of Canadian Municipalities was formed to represent the interests of municipal governments. Another association, the Dominion Conference of Mayors was established in 1935. In 1937, these two associations were amalgamated into the Canadian Federation of Mayors and Municipalities which in 1976 would be renamed the Federation of Canadian Municipalities. FCM was instrumental in negotiating the federal gov ...
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Loan
In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations, etc. The recipient (i.e., the borrower) incurs a debt and is usually liable to pay interest on that debt until it is repaid as well as to repay the principal amount borrowed. The document evidencing the debt (e.g., a promissory note) will normally specify, among other things, the principal amount of money borrowed, the interest rate the lender is charging, and the date of repayment. A loan entails the reallocation of the subject asset(s) for a period of time, between the lender and the borrower. The interest provides an incentive for the lender to engage in the loan. In a legal loan, each of these obligations and restrictions is enforced by contract, which can also place the borrower under additional restrictions known as loan covenants. Although this article focuses on monetary loans, in practice, any material object might be lent. Ac ...
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Grant (money)
A grant is a funding, fund given by an end entity grant – often a Government, public body, charitable foundation, or a specialised grant-making institution – to an individual or another entity (usually, a non-profit organisation, sometimes a business or a local government body) for a specific purpose linked to public benefit. Unlike loans, grants are not to be paid back. European Union European Union grants The European Commission provides financing through numerous specific calls for project proposals. These may be within Framework Programmes for Research and Technological Development, Framework Programmes. Although there are many 7-year programmes that are renewed that provide money for various purposes. These may be Structural Funds and Cohesion Fund, structural funds, Youth programmes and Educational policies and initiatives of the European Union, Education programmes. There are also occasional one-off grants to deal with unforeseen aspects or special projects and theme ...
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