CBC News - North - Hydro expansion will be 'rate neutral': Yukon Energy
Yukon Energy Corp. says customers won't pay a cent for millions of dollars in anticipated environmental benefits from its Mayo B hydroelectric expansion project.
The public utility's $160-million plan to build a new power plant and a connecting power line, still needs regulatory approvals from the Yukon Utilities Board, Yukon Environmental and Socio-Economic Assessment Board, and the Yukon Water Board.
The power plant itself will cost $120 million, while another $40 million will be spent on building the Carmacks-Stewart transmission line, which will connect Yukon Energy's Mayo-Dawson hydro grid to the Whitehorse grid.
Yukon Energy president David Morrison said despite the plan's pricetag — making it the most expensive project in the territory's history — electrical ratepayers will pay about $36.5 million.
Spread out over time, the project's costs will not cost ratepayers a cent, Morrison said.
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