Peace Valley Landowner Association releases report on financial viability of canceling Site C

FORT ST. JOHN, B.C. – The Peace Valley Landowner Association has released a report looking at the financial viability of canceling the Site C Project.

According to the report, written by economist Robert McCullough, the cancellation of the project would save B.C. Hydro ratepayers $116 million a year.

The report says those significant savings will only grow as the costs for wind and solar continue to fall, while the costs for Site C continue to rise.

McCullough’s report notes that a combination of factors makes canceling the hydroelectric project the best economic option for British Columbians. Those factors include:

According to an article by CBC News, the cost of Site C is now estimated at $12 billion.

The full report can be read here.