The new NDP government plans to ask the BC Utilities Commission to review the economic viability of the $8.8-billion Site C hydroelectric dam. With, presumably, the projects shutdown a possible outcome.
Incoming premier John Horgan has said he wants answers within six weeks. If the utilities commission can provide a preliminary report that quickly, the recommendations will likely focus on tangible financial matters, like the relative costs of continuing or halting work.
The ultimate decision by cabinet will also consider issues like the provinces reputation in international financial markets and the likelihood of a credit rating downgrade.
With some assumptions, it is poss…
Read the full article at: https://thetyee.ca/Opinion/2017/07/13/How-Much-Will-Site-C-Gambling-Debt-Cost/