The Province has awarded $120 million in royalty deductions for 20 new projects under the Infrastructure Royalty Credit Program (IRCP), and $19.3 million in royalty deductions for seven new projects under the Clean Infrastructure Royalty Credit Program (CIRCP).

BC Hydro has used regulatory accounts since the early 1990s. They are normally used to match costs with benefits to customers, capture differences between forecast and actual costs typically related to uncontrollable factors (e.g., variation in water inflows, storm restoration costs) and manage the impacts of accounting changes.

Negotiators representing the governments of Canada, including British Columbia, and the United States met in Nelson on Aug. 15-16, 2018, to continue discussions about the future of the Columbia River Treaty.

Last week’s Pacific Northwest Economic Region (PNWER) summit provided an opportunity for the provincial government to meet with United States legislators to discuss the future of the Columbia River Treaty.

Michelle Mungall, Minister of Energy, Mines and Petroleum Resources, is due to have a baby in mid-July.

In recognition of the role agriculture plays in the Peace River region, and the potential effects of the Site C project on agriculture, BC Hydro has launched a $20-million fund to support agricultural production and related economic activity in the Peace Region.

To contain rate increases, control costs, and to position BC Hydro for future success, the Government of British Columbia has launched a comprehensive, two-phased review of BC Hydro.

In total, 1,191 provincial permits are required for the Trans Mountain expansion project, with many involving First Nations consultation.

In response to the federal government’s announcement that Canada and the United States will launch negotiations to discuss the future of the Columbia River Treaty on May 29, 2018, Katrine Conroy, Minister responsible for the Columbia River Treaty, has issued the following statement: