A report by a leading American energy economist says the Site C dam is likely to be more than twice as expensive as a combination of renewable energy and natural gas alternatives. The Peace Valley Land Owners Association (PVLA) — which has a lawsuit pending to prevent BC Hyrdo from building the dam — commissioned economist Robert McCullough to study the business case the project.
The findings were presented to media Tuesday before the PVLA urged the government to suspend the start of construction, which could begin within weeks.
“The results of this study are astounding,” said Ken Boon, president of the PVLA. “They simply reinforce the findings of the joint review panel that these critical financial questions need to be reviewed by the British Columbia Utilities Commission.”
McCullough pointed to several “fatal flaws” which show BC Hydro’s business case for the dam was skewed to favour Site C over alternatives.
Mike Carter – Alaska Highway News – May 27, 2015.
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