Fatal Flaws Invalidate BC Hydro's Site C Business Case

MEDIA ADVISORY

May 25, 2015

For Immediate Release

FATAL FLAWS INVALIDATE BC HYDRO’S SITE C BUSINESS CASE

VANCOUVER, BRITISH COLUMBIA – Members of the media and the public are invited to attend a one-hour briefing hosted by the PVLA to hear respected energy economist Robert McCullough and others outline fatal flaws in the business case for the $8.8 billion Site C Dam, including:

Contrary to Energy and Mines Minister Bill Bennett, Site C is likely double the cost of other energy options
BC Hydro’s financial analysis is skewed to favour Site C over alternatives
Contrary to BC Hydro statements, a 2 year delay to Site C will save ratepayers $200 million
The Site C final investment decision ignores critical new information on geothermal energy
Contrary to Finance Minister Mike de Jong’s statements, Site C is not a green project

Robert McCullough’s testimony in front of the U.S. Senate Energy Committee is credited with initiating the Enron trading investigations.

Meeting Details:

Event: Fatal Flaws Invalidate BC Hydro’s Site C Business Case

Date: Tuesday, May 26, 2015

Time: Noon - 1:00pm

Location: Four Seasons Hotel, Aspen Room, Vancouver BC

Cost: Free, space limited

In-Person: Please RSVP

Teleconference: Limited lines, please contact Rob Botterell for call-in numbers

Additional materials including Robert McCullough’s expert report which reviews Site C business case assumptions will be released on May 26th, 2015 at 11:45am pacific daylight time.

Media Contacts: