BC Transmission Corp plans $5.1 billion investment
in electricity system upgrades
Jan 10, 2008 - Canada NewsWire
BC Transmission Corporation (BCTC) has filed its
Ten Year Capital Plan with the BC Utilities Commission,
outlining $5.1 billion in expenditures designed to
meet the increased clean electricity demands of British
Columbia's growing economy.
"BCTC is planning for the future by ensuring British
Columbia's electricity system has the necessary capacity
to meet the needs of our growing population," said
Jane Peverett, BCTC President and CEO. "We are working
to improve reliability, reinforce existing assets,
and connect new sources of green energy to the grid."
The new capital plan also outlines measures BCTC
will take to support key objectives of The BC Energy
Plan: A Vision for Clean Energy Leadership, including
innovation and enhanced reliability. Key actions include
enabling integration of clean and renewable energy,
measures to implement new technologies to improve
the grid, including system modernization, replacement
of existing assets, and innovative solutions to reduce
line losses.
"We're looking across our network to find places
where new and innovative solutions can be used to
modernize the provincial grid," said Peverett. "For
example, the new Interior to Lower Mainland power
line will include technology improvements that will
save enough electricity to supply 30,000 to 50,000
homes. We will also have a new state of the art energy
management system installed January 2008 that will
enable us to run the grid to maximum efficiency, increasing
service to customers."
BCTC's F2009 - F2018 Capital Plan details capital
investment for the next year and provides an outlook
of potential investments for the next ten years. The
plan is filed for approval with the BC Utilities Commission,
the body responsible for regulating the province's
utilities on behalf of ratepayers.
To learn more about the capital plan and our commitment
to ensuring British Columbians continue to benefit
from a clean, efficient and reliable supply of electricity,
visit www.bctc.com.
BCTC is the Crown corporation that plans, operates
and maintains the province's publicly owned electrical
transmission system.
BC Transmission Corporation
BACKGROUNDER January 10, 2008 S
OURCE: British Columbia Transmission Corporation
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