OCTOBER 13, 2020 - VANCOUVER, BC – Canceling the troubled Site C dam construction project right now would save BC Hydro ratepayers $116 million a year, says a new report by Robert McCullough, a highly respected economist and expert on power projects. The report, released today by the Peace Valley Landowner Association (PVLA), adds that those significant savings will only grow as the costs for wind and solar continue to fall, while the costs for the troubled Site C project continue to rise. “Site C is a cash bonfire we need to put out,” says PVLA President Ken Boon, “I am confident that the forthcoming Peter Milburn Site C Report will confirm what McCullough Research has already found – pu
Despite known foundation problems with unknown solutions or cost, and numerous calls to halt work while that is determined, work on the Site C Dam has carried on. Now, BC Hydro has ignored its own Site C experts and is completing diversion of the Peace River after the latest possible deadline of September 30th, further increasing cost overrun and dam safety risks. Since Site C was delayed one year in response to geotechnical problems, BC Hydro has consistently argued – before both courts and the BCUC – that missing the mid-September diversion date would delay the project for a year. The river diversion was basically achieved on October 3rd and 4th - two weeks later than BC Hydro’s plans: “Ri
