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The Alberta government has reached two more settlements in its lawsuit over cancelled power purchase agreements.

The deal terminates two power contracts, one held jointly by TransCanada and AltaGas and another held solely by TransCanada.

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As part of the agreement, AltaGas will pay $6 million and nearly 400,000 carbon offsets to the Balancing Pool, an independent government agency that handles power agreements.

TransCanada will “provide value associated with a package of carbon offset credit,” which will be valued in February when the company releases its year-end financial statements, the government said.

In November, the government reached an agreement with Capital Power, which saw the company paying $39 million to the Balancing Pool. Rough estimates by University of Calgary economist Trevor Tombe pegged the price of the settlement at $2 per month for consumers, if the other agreements were similar to the Capital Power deal.