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E-T Energy is engaged in the business of developing, operating, producing and selling recoverable bitumen found in the Athabasca oil sands deposits using the ET-DSP™ in situ method of production.
The ET-DSP™ method process involves passing electrical current from surface power distribution equipment.
E-T engaged EDC Associates Ltd. ("EDC"), an energy-consulting firm, to prepare a report on the Alberta Electricity Market. EDC determined that a sufficient amount of power will be available to supply E-T's Phase 1 power requirement of 50 MW and additional Phase 2 requirements of 300 MW