New BC Hydro investment needed

letter to the editor from Bill Bennett, Minister of Energy & Mines - New BC Hydro investment needed

To the editor;

Re: Get ready for Hydro rate hikes (B.C. Views, July 11).

While NDP energy critic John Horgan asserts there is no business case for a nation building project like the Northwest Transmission Line, a line that will bring power to a huge part of the province currently running off diesel generators, our government believes investments such as this are exactly what BC Hydro should be doing.

This project will open up world class mineral deposits and support new mines, like Red Chris, one of the top 10 copper gold deposits in the world. In fact, the Mining Association of BC estimates the line could attract more than $15 billion in mining investment, creating up to 10,000 jobs and generating $300 million in annual tax revenues. None of this happens unless we build the line to provide the power these mines need.

We need to ensure we have a diverse grid that can provide reliable power today, and into the future. That’s why we continue to support new, cleaner sources of power such as wind and run of river. Do these sources produce power at a higher cost than what our heritage assets do? Of course they do. Like most other things, it costs more today to produce power than it did decades ago. But these sources are cleaner than alternatives such as coal or gas and less expensive than building brand new hydroelectric dams.

We are investing in projects that are powering our needs today and ensuring we will have the power we need for our future. The unprecedented opportunity in liquefied natural gas and other growing sectors such as mining must be supported with stable, secure power. This is what we are building.

You can’t make these kinds of legacy investments that will benefit all British Columbians without putting pressure on rates. Contrary to some reports, BC Hydro is managing their capital projects within their planned budget. There are a couple of projects over budget but most are under budget.

I have been very clear that my mandate, as given to me by the premier, is to minimize rate increases while continuing to make historic investments in Hydro’s infrastructure to grow our economy. I am committed to accomplishing this goal.

Bill Bennett

Minister of Energy and Mines

Victoria

B.C.

 

Just Posted

B.C. Interior free from measles

Vancouver measles outbreak hasn’t spread to the B.C. Interior

Skijoring gets your “giddyup” going in Clearwater

By Dawn McCormick The second annual Skijoring event took place at the… Continue reading

Veteran Welcome Program instigated by Legion

Members of the Barriere Legion Branch 242 recently announced that the Legion… Continue reading

Check out the banned books at the Barriere Library

Barriere Head Librarian, Pam Rudd, tells that this year is the 35th… Continue reading

Meet Alice at the upcoming Mad Hatter Tea Party

On Mar. 9, 2019, a certain young lady named Alice will be… Continue reading

National Energy Board approves Trans Mountain pipeline again

Next step includes cabinet voting on the controversial expansion

Girl heard saying ‘Help my Dad’ in suspicious radio message on Vancouver Island

Police asking for help following mysterious signals from somewhere between Comox and Sayward

Reports of rashes prompt closure of all Harrison Hot Springs pools

Public pool available after Fraser Health shut down all five mineral pools until further notice

No treatment for highly infectious measles, says doctor

10 cases of measles confirmed in Vancouver as of Friday

Two more measles cases confirmed in Vancouver

It brings the number of total cases within the city connected to the outbreak to ten

B.C. Special Olympics officially underway in Vernon

Athlete’s Oath: “Let me win. But if I cannot win, let me be brave in the attempt.”

Vancouver Aquarium wants your help to name a baby killer whale

The public helped name Springer’s first calf, Spirit, and is being asked to help with the second

Guards protest firing of fellow officers charged with assault at B.C. prison

Corrections officers demonstrated in Maple Ridge on Friday afternoon

Skier dies at Revelstoke Mountain Resort

Cause of death for young man has not been released

Most Read