In early 2017, we began looking at the Site C project. We gave extensive consideration to the research and investigations that others had done to help determine where best to focus our work. We decided that explaining and describing the Site C project would add the greatest value and fill important gaps in the public record. We intended to explain to the legislature and the people of British Columbia the information and analysis provided to government, the progress and costs to date, and the potential impacts moving forward.
On August 2, 2017, government requested the BC Utilities Commission (Commission) review the Site C project. The terms of reference require the Commission to advise government on the implications of completing, suspending or terminating the Site C project. Specifically, the Commission’s report will inform government on:
- the costs to ratepayers of suspending or terminating the project
- whether the project is on time and within its proposed budget
- any other energy projects and demand side management initiatives that could provide similar benefits to ratepayers at similar or lower unit energy cost as the Site C project
The Commission’s review will cover topics that we were planning to examine, including: project need and demand forecasts, assessment of alternatives, and project budget and costs to date.
Given the Commission’s review, and with an eye to using our limited resources as responsibly as possible, we will be moving the Site C project into a watching brief so we can continue to monitor project developments. After the Commission completes its work, we will reassess whether we can provide further value on this subject.
(August 9, 2017)