BC Hydro will pay the Peace River Regional District (PRRD) more than $168 million over 70 years to compensate for local impacts of the Site C Dam. Although the project has yet to be approved, the provincial utility and the regional district announced details of a regional legacy benefits agreement today. That agreement includes payments of $2.4 million to be made to the PRRD each year for 70 years. The payments would be indexed to inflation, and would begin once the dam is operational. The money would be allocated to member communities (which include Chetwynd, Dawson Creek, Fort St. John, Hudson’s Hope, Pouce Coupe, Taylor and Tumbler Ridge) based on a formula determined by the regional district. - See more at: thetyee.ca/Blogs/TheHook/2013/06/13/BCHydroSiteCDeal/#sthash.Gv12crlH.dpuf
Posted on: Fri, 14 Jun 2013 17:40:06 +0000