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It asked two of the sharpest young businessmen around town to investigate the Gaspereau River as a power source. Wright, a capable and popular building contractor, and Roy A. Wright and Jodrey's hydroelectric generating plant at Stivers Falls, White Rock, Kings County, began to operate on February 25, 1920. Title I of the Public Utility Act of 1935 is known as the Public Utilities Holding Company Act of 1935 (PUHCA). Bangor Hydro now is required to purchase power from outside sources to provide electricity to standard-offer customers in its territory.Jodrey, farmer, apple speculator, and fair-haired boy of the W. By May 1920, it was producing electric power for Wolfville, Greenwich, and Port Williams... PUHCA was enacted to eliminate unfair practices and other abuses by electricity and gas holding companies by requiring federal control and regulation of interstate public utility holding companies. Bangor Hydro did not purchase electricity from Nova Scotia Power to meet its standard offer obligations, Briggs said.
The electric company's job is to provide generation that precisely matches thedemand that exists at each instant. was incorporated on 17 April 1889, under chapter 132 of the 1889 Acts of the Legislature. "That is, in essence, a benefit to customers," he said.
The route travelled by horse and ox teams over the Deep Hollow Road (paved now but not then) to Wolfville, Canning and Port Williams was no easy haul. As of January 1st, 1961, the total authorized capital of the Canada Electric Company Limited was 15,000 shares, divided 11,500 common and 3,500 preferred. "It was a competitive competition." NS Power is paying 1.4 times book value for Bangor Hydro, Mann said.
— Historic Kings County (booklet), Kings County Historical Society, 2004 Service area: Baddeck, Victoria County In January 1927, Norman Bethune (1899-1986) began providing electric power, during the evening hours only, to a small area of downtown Baddeck. Norman Bethune, owner of the plant, told the PUB that the generating equipment consists of one 15 horsepower oil engine [probably a single-cylinder Diesel (compression-ignition) engine] belted to a ten kilowatt Direct Current [DC] 110-volt generator. Of these authorized shares, 9,000 common shares and 2,500 preferred shares were issued. The deal will be financed through a long-term bank loan.
The Wolfville Board of Trade (whose secretary, incidentally, was George C. Shaw, a brick manufacturer who was also president of the Wolfville Board of Trade, wrote many years later that Jodrey and Wright "never came back to report. Bangor Hydro was mandated to sell its generators under the state's restructuring of the electricity markets.
Nowlan, a federal cabinet minister forty years later) decided somebody had to do something about the electricity supply in Wolfville. They found more than we had anticipated." They found a waterfall, formed a company (Gaspereaux River Light, Heat & Power Company), built a dam, installed a powerhouse, and built electric transmission lines out across the Annapolis Valley. Public Utility Holding Company Act of 1935, which provided for the regulation of utility holding companies by the Securities and Exchange Commission (SEC). Under restructuring Bangor Hydro became solely a transmission and distribution company.