Robert McCullough, energy expert and Principal of McCullough Research, spoke with CFAX's Pamela McCall today about the impending release of BCUC Preliminary Report on Site C.
(0:52) Deloitte Reports critical of BC Hydro
(1:33) Deloitte Report outlined alternatives to Site C that meet environmental concerns and are less expensive than Site C
(2:49) McCullough's expertise led to initiation of the Enron investigations
(4:18) Quebec Premier stated in speech at the Climate Week in NYC: "The day of big dams is now over"
(5:34) What about $1.8b already spent on Site C?
(6:24) The cost of renewables have come down 50% over past 5 years - due to the economies of scale
(10:29) Even if BCUC recommends going ahead with Site C, the economics still don't support it: there would be massive delays, cost overruns and rate increases
(11:47) There was a serious error in process to move forward with Site C
(13:16) Cost to the average household if Site C moves forward: 20% to taxpayers; 80% to ratepayers
(14:28) Experience in other provinces is draconian: the utility in Manitoba is proposing a 50% rate increase for 2 dams and a transmission line being built on similar schedule as Site C. No question largest public investment in BC have a dramatic impact on the bottom line of consumers and tax payers.
(15:45) "It's preposterous. It's incompetent. It's the wrong way to do business. Any corporation wouldn't dream of such a major investment with such a limited review."
(17:30) "How does this stack up with the Enron trading investigations?"