ARTICLE · 15 DECEMBER 2023

First Nations Participation In BC Clean Energy: Update On BC Hydro's Call For Power

Procido LLP

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BC Hydro recently concluded another round of public engagements regarding its recent call for clean and renewable energy resources.

CanadaGovernment, Public Sector

Austin Sevalrud

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Introduction

BC Hydro recently concluded another round of public engagements regarding its recent call for clean and renewable energy resources ("Call for Power"). BC Hydro held sessions on November 28 – 30^th with First Nations, independent power producers ("IPPs") and other stakeholders.

In the materials released for the November engagement sessions, BC Hydro provided an Energy Purchase Agreement ("EPA") term sheet, draft Request for Proposal ("RFP") terms, and an overview of its proposed "Fist Nations Economic Participation Model" that will include both a minimum equity participation of 25% and additional evaluation criteria for additional equity interest up to 51% and other economic benefits provided to First Nations.

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