BC Transmission Corp. (BCTC) has filed its Ten-Year Capital Plan with the BC Utilities Commission, outlining C$5.3 billion in expenditures to ensure British Columbians continue to benefit from reliable, clean and efficient electricity.
‘Significant investment is required to maintain and expand the province's transmission system to secure our long-term electricity needs and to retain the ongoing competitive advantage these assets provide to British Columbians,’ says Jane Peverett, BCTC president and CEO.
The new capital plan describes measures that BCTC will take to enhance the transmission system's overall performance. These measures include replacing aging electrical equipment to ensure the safety and reliability of the system and building efficient new infrastructure to supply the needs of communities.
BCTC's F2010 – F2019 capital plan details capital investment for the next two years and provides an outlook of potential investments for the following eight years. The plan is filed for approval with the BC Utilities Commission, the body responsible for regulating the province's utilities.
SOURCE: BC Transmission Corp.