Scrapping Site C dam project would cost $7.3 billion: B.C. Hydro – Times Colonist

B.C. Hydro is recommending its own controversial Site C project as the best option for ratepayers.

The Crown corporation filed its 866-page submission to the B.C. Utilities Commission, which is reviewing the project, on Thursday.

It said Site C is on track to be completed within its $8.34-billion budget on time. “B.C. Hydro expects to complete Site C on time and on budget, and we have the appropriate level for schedule and cost contingency,” the report said.

The B.C. Hydro report says terminating the project, acquiring alternative generating capacity and remediating the site would cost $7.3 billion.

Mothballing the project, acquiring alternative resources for the period of suspension and then resuming and completing construction would boost the total project cost to $12.9 billion, it says.

Read More: http://www.timescolonist.com/news/local/scrapping-site-c-dam-project-would-cost-7-3-billion-b-c-hydro-1.22328173