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Waneta dam expansion official

Nelson Daily Editor
By Nelson Daily Editor
September 17th, 2010

By Timothy Schafer, The Nelson Daily

Nearly 400 jobs and $200 million in wages will be pouring into the Kootenay region as the Waneta expansion project for Pond d’Oreille River was officially announced recently.
An agreement in principle was reached between the Columbia Power Corporation and the Columbia Basin Trust with Fortis BC for the construction of a second powerhouse adjacent to Teck’s Waneta Dam.
Fortis would own 51 per cent of the proposed structure within the partnership, while Columbia Power and CBT would own the remainder.
The province acquired the rights for expansion in 1994 from Teck Cominco, transferring them to Columbia Power in 1995. The rights for expansion are now held by the Waneta Expansion Power Corporation, a subsidiary of Columbia Power and Columbia Basin Trust.

Categories: General

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