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The Great Green Shakedown

Why your hydro rates are going up, and who's responsible

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Page 10 of 10

-       Mica Units 5 and 6 - Project to install two additional turbines and related works and equipment at the Mica Generating Station

-       (estimated cost: $700 million to $800 million)

-       Revelstoke Unit 6 - Project to install an additional turbine and related works and equipment at the Revelstoke Dam and Generating Station

-       (estimated cost: unknown, but installation of Unit 5 cost between $230 million and $250 million)

-       Site C - Project to build a third dam on the Peace River in northeast British Columbia to provide approximately 4,600 GWh of energy each year and 900 MW of capacity

-       (estimated cost: $5 billion to $6.6 billion, based on a historic design of the project from the 1980's)

-       Bioenergy Phase II Call - Request for proposals to acquire up to 1,000 GWh of electricity per year through bioenergy

-       (estimated cost: unknown, but Bioenergy Phase I Call cost $221.5 million between 2010 and 2014)

-       2009 Clean Power Call - Request for proposals to acquire up to 5,000 GWh of energy per year from clean or renewable resources

-       (estimated cost: $211.7 million between 2012 and 2014)

-       Standing Offer Program - Ongoing program to acquire electricity from cogeneration, clean or renewable energy facilities with up to 10 MW of capacity

-       (estimated cost: $35.9 million between 2010 and 2014)

-       Smart Metering and Infrastructure - A program to install smart meters and related infrastructure in B.C. homes that will allow two-way communication between BC Hydro and customers reflecting how much electricity is being used at any one time

-       (estimated cost: $930 million)

 

Total Estimated Cost to Ratepayers: x > $7.423 billion

(Note: Total estimated cost takes into account lower estimates on all the projects mentioned above. Therefore, Revelstoke Unit 6 at $230 million, Mica Units 5 and 6 at $700 million. Site C at $5 billion. Costs were not available for exempted projects including the Feed-in Tariff or agreements with pulp and paper customers.)