Energy Minister Bill Bennett

Energy Minister Bill Bennett

Site C dam construction to start next summer

Province to take less revenue from BC Hydro to minimize its debt, says $8 billion project is the cheapest available option to meet demand

The B.C. government has given the go-ahead for BC Hydro to start construction on a third dam on the Peace River, with a delay of six months to try to work out settlements with area aboriginal communities and landowners whose properties will be flooded or cut off.

Energy Minister Bill Bennett said Tuesday an update of the construction costs upheld the $7.9 billion estimate for the Site C dam that was developed in 2010, but the estimate has risen.

Delaying the project six months from its original start date adds inflation and interest costs, and calculating the effect of the provincial sales tax replacing the HST bringing the total to $8.34 billion, and the province is establishing a “project reserve” of $440 million to bring the total estimated cost to $8.77 billion.

The project reserve is in case of unforeseen events such as a rise interest rates during the eight-year construction period.

BC Hydro CEO Jessica McDonald said the six-month delay provides time to work out agreements with Treaty 8 First Nations who have declined settlement offers. The federal-provincial environmental review panel gave the go-ahead for the project in May, but noted its unavoidable impacts on aboriginal hunting, fishing and trapping rights that are assured by the 1899 treaty.

A group of Peace valley landowners has already started legal action against the project, having refused offers from BC Hydro to buy their land. Aboriginal groups in Alberta, downstream of the project, have also started court action against it.

NDP leader John Horgan called the decision “a $9 billion gamble” and repeated his call for a review by the B.C. Utilities Commission to see if the additional power is going to be needed by the time the dam is operating in 2025.

The BCUC will determine BC Hydro rates in the years ahead, and how much they will go up to pay for the most expensive public construction project in B.C. history. The government plans to mitigate BC Hydro rate impact by reducing the dividend the government takes from the power company’s operations each year.

Bennett said a review of alternative clean energy sources, including wind, solar and geothermal power, showed they can’t compete on price because they are intermittent sources that would require backup power.

 

Just Posted

With high temperatures forecasted for the week and into the next, Interior Health is offering some tips on how to keep yourself safe from heat-related illness. (Pixabay)
Interior Health offers safety tips as temperatures soar

“Too much health can be harmful to your health.”

Kurt Swanson’s dog Kona takes a break from the heat on the Summer Solstice near Cranbrook, B.C. (Kurt Swanson photo)
Very warm temperatures forecast across the Kootenays this weekend

Nelson, Castlegar forecast to hit 39, Cranbrook 37

The view from the Eager Hill lookout in the Cranbrook Community Forest. (Corey Bullock/Cranbrook Townsman file)
New ‘Padawan’ trail at Eager Hill now open and ready for use

The 5km green flow trail is suitable for all ages

The City of Cranbrook and the Ktunaxa Nation raised the flag of the Ktunaxa Nation at the arches entrance into the city’s downtown core during a ceremony on Monday, June 21. Photo courtesy City of Cranbrook.
Ktunaxa Nation flag raised at downtown arches entrance

The Ktunaxa Nation flag was raised at the Cranbrook arches — the… Continue reading

Kimberley Search and Rescue were able to quickly respond to a call for service and transport an injured mountain biker to East Kootenay Regional Hospital over the weekend. Kimberley SAR file photo.
Kimberley Search and Rescue respond to injured mountain biker on Bootleg Mountain

Kimberley Search and Rescue responded to a call for service this past… Continue reading

Pictured is Mrs. O and her grade 4/5 class at St. Mary’s Catholic School in Cranbrook. Mrs. O challenged her class to read 36,000 pages in May and they far surpassed that goal. The students were then allowed to choose her fate. (Corey Bullock/Cranbrook Townsman file)
WATCH: St. Mary’s Catholic School grade 4/5 class wins reading challenge

Teacher lets students choose fate after reading over 47,000 pages in one month

People enjoy the sun at Woodbine Beach on June 19, 2018. THE CANADIAN PRESS/ Tijana Martin
BC Hydro assures customers it has ‘more than enough’ power to weather the heatwave

Despite an increase of pressure on the Western grid, blackouts are not expected like in some U.S. states

Air Canada planes sit on the tarmac at Pearson International Airport during the COVID-19 pandemic in Toronto on Wednesday, April 28, 2021. THE CANADIAN PRESS/Nathan Denette
Pilots say no reason to continue quarantines for vaccinated international travellers

Prime minister says Canada still trying to limit number of incoming tourists

Six United Way chapters around the province are merging into United Way B.C. (News Bulletin file photo)
6 United Way chapters merging around B.C.

Money raised in communities will stay in those communities, agency says

Val Litwin is the latest candidate to declare his bid for the B.C. Liberal leadership. (Litwin campaign video)
Political newcomer joins contest for B.C. Liberal leadership

Val Litwin a former B.C. Chamber of Commerce CEO

Golden Ears Mountains, captured in May 2021. (Black Press Media files)
2nd year of day passes required for entry into 5 provincial parks launches in B.C.

Pilot program seeks to protect the environment by addressing visitor surges amid the COVID-19 pandemic

Lincoln Mckoen. (YouTube)
Anglican bishop of the central Interior resigns over sexual misconduct allegations

Lincoln Mckoen was elected as a bishop of the Territory of the People region last year

Left to right: Doug Ford, Jason Kenney, Brian Pallister (photos via Wikipedia)
Pollster paints a perilous premier picture

As we know, our friends at Angus Reid Polling like to take… Continue reading

The Groundhog (Marmota monax): Day after day, over and over, we ask ourselves the same question: How much wood could a woodchuck chuck if a woodchuck could chuck wood? (photo courtesy Wikipedia)
Why we’re using “Groundhog Day” incorrectly as a metaphor

“Groundhog Day:” Not just for February 2, but every day

Most Read