"TransCanada Corp and Atco Ltd have abandoned plans to build a C$5 billion ($4.85 billion) dam on the Slave River in northern Alberta after a local native group refused to back the project.

The planned dam was a run-of-river project that would have generated 1,200 to 1,300 megawatts of electricity from the Slave, an undeveloped river that carries more that two-thirds of Alberta's waterflow north to Great Slave Lake in the Northwest Territories.

The project, first proposed two years ago, was still being studied, but the partners could not win the support of regional aboriginal groups."

Scott Haggett reports for Reuters October 20, 2010. [2]