Kwoiek run of river - ClubTread Community

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post #1 of (permalink) Old 02-21-2014, 10:59 AM Thread Starter
HT
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Default Kwoiek run of river

Kwoiek Creek run-of-river starts up, selling power to BC Hydro that Hydro doesn't actually need. $18 million annual cost to BC Hydro.

http://finance.yahoo.com/news/innerg...230200766.html
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post #2 of (permalink) Old 02-21-2014, 11:15 AM
Dru
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Quote:
quote:Originally posted by HT

Kwoiek Creek run-of-river starts up, selling power to BC Hydro <s>that Hydro doesn't actually need.</s> $18 million annual cost to BC Hydro.

http://finance.yahoo.com/news/innerg...230200766.html
I fixed that for you.

As for cost, maybe compare apples to apples instead of oranges: how much would it cost Hydro to find a candidate location, design and build a generating facility of equivalent output?
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post #3 of (permalink) Old 02-21-2014, 07:31 PM
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Based on it's current stock value, Innergex Renewable Energy Inc. which holds a 50% stake in the project looks to be potentially a good buy.
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post #4 of (permalink) Old 02-21-2014, 07:51 PM Thread Starter
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"(Energy Critic John) Horgan said the problem stems from contracts signed by the B.C. Liberal government that now force BC Hydro to buy energy from independent power producers at above-market prices, despite the fact the Crown corporation is predicting a 10-year energy surplus."

http://www.vancouversun.com/business...408/story.html




"(Former) BC Hydro president Dave Cobb has told his staff that he expects Victoria to soon abandon its current energy self-sufficiency policy, a move that would free Hydro from buying hundreds of millions of dollars worth of electricity that it doesn't need from independent power producers."

http://www.canada.com/vancouversun/n...3-f1c2b5190ec6
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post #5 of (permalink) Old 02-21-2014, 08:01 PM
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Hopefully access to the Kwoiek Creek FSR remains open.
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post #6 of (permalink) Old 02-26-2014, 11:23 AM
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Lets buy it on the US coal based market option for electricity is a risk to tax payers. Just look back at what California had to pay for electricity in 2000,2001. We just settled in court for that in 2013. Don't you think California is just waiting for a chance to price gouging us back, except we will end up having to pay.

http://webcache.googleusercontent.co...&ct=clnk&gl=ca


"Electricity demand in b.C. is forecast to increase
by approximately 40 per cent over the next 20
years. BC hydro's long-term planning process
has determined that, as extensive as BC hydro's
electricity supply is, it will not be enough to meet the
forecast electricity needs of BC hydro customers."

https://www.bchydro.com/content/dam/...se-summary.pdf

I support Green Energy made in BC and feel it has a net benefit to plant's environment.

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post #7 of (permalink) Old 02-26-2014, 01:18 PM Thread Starter
HT
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Quote:
quote:Originally posted by Green Energy

Lets buy it on the US coal based market option for electricity is a risk to tax payers. Just look back at what California had to pay for electricity in 2000,2001. We just settled in court for that in 2013. Don't you think California is just waiting for a chance to price gouging us back, except we will end up having to pay.


Try again, in English please.
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post #8 of (permalink) Old 02-26-2014, 01:24 PM
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He is saying, and I am sure you know, that we can pay a little more now or potentially a lot more later when energy prices go up.

With a 40 year contract, we can make sure that rates climb at a sustainable level, as opposed to brown outs when we cant afford to pay high prices like they had in California.

Makes sense to me.
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