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Site C Regional Legacy Benefits Agreement | Northern BC Business
Home » BC Economy, Chetwynd, Dawson Creek, Featured, Fort Nelson, Fort St John, Hudson Hope, North East, Tumbler Ridge » Site C Regional Legacy Benefits Agreement

Site C Regional Legacy Benefits Agreement

BC Hydro Williston Reservoir
The Peace River Regional District gets $2.4 million a year by B.C. Hydro if Site C is approved. It was announced yesterday that the two groups have reached an regional legacy benefits agreement that will see the PRRD and its member communities receive an annual payment for 70 years once Site C is operational.
The funds, which will be adjusted for inflation, will be allocated to each member community based on a formula that takes into account population and relative impacts from the project. PRRD Chair Karen Goodings explains that the Regional District asked Hydro for an agreement like this, to recognize the contributions it would be making for this project to go ahead. However, this isn’t the end of community agreements. Community Relations Manager for the Site C Clean Energy Project David Conway explains that there is still the potential for agreements with individual communities. For example, mitigation would be needed for the potential impacts of a large workforce in Fort St. John like transportation, and the reservoir impact on the District of Hudson’s Hope. In its Environmental Impact Statement, Hydro committed to giving Hudson’s Hope one-time contribution to address land no longer available for development, and provide annual grants-in-lieu estimated at $1.3 million to local government throughout operations.
www.peacefm.ca
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Posted by on 7:19 am. Filed under BC Economy, Chetwynd, Dawson Creek, Featured, Fort Nelson, Fort St John, Hudson Hope, North East, Tumbler Ridge. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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