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ARTICLE · 17 DECEMBER 2014

B.C. Government Approves Site C Clean Energy Project

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On December 16, 2014, the B.C. government approved BC Hydro’s Site C Clean Energy Project (Site C).

CanadaEnergy and Natural Resources
Sven Milelli
Sven Milelli
Morgan Troke
Morgan Troke
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On December 16, 2014, the B.C. government approved BC Hydro's Site C Clean Energy Project (Site C), concluding that the 1,100-megawatt hydroelectric project represents the province's most affordable and reliable long-term source of clean power, saving ratepayers an average of $650 to $900 million each year over the first 50 years of its project life compared to a portfolio of independent power projects backed up by natural gas-fired generation.

A copy of the B.C. government's press release, which includes links to relevant background materials, is available here.

The B.C. government also confirmed that the capital cost estimate for Site C has been updated from $7.9 billion to $8.335 billion, and that an additional $440 million project reserve has been established to account for contingencies over the anticipated eight-year construction period, for a combined total of $8.775 billion. Based on these revised cost projections and other changes implemented as part of

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