Waneta Dam boost CBT

The Waneta Dam Expansion is being credited with a $19 million revenue increase for Columbia Basin Trust (CBT).

The Waneta Dam Expansion is being credited with a $19 million revenue increase for Columbia Basin Trust (CBT).

The Trust’s revenues reached $48 million over the year, a substantial increase from the $29 million earned the previous year, stated Wednesday’s CBT news release.

This increase was due largely to Waneta Expansion becoming fully operational and a new power sales agreement for Arrow Lakes Generating Station. The additional revenues enabled CBT to deliver $31 million in benefits to the region, the previous year, it had delivered $22 million.

“We earn most of our money through sustainable, hydroelectric power projects, which consistently perform very well,” said Neil Muth, the Trust’s president and chief executive officer. “We expect significant growth again this year, providing a solid financial foundation to do more to support communities and residents to address priorities that collectively, help this region thrive.”

Read more about the Trust’s performance in its 2015/16 Annual Service Plan Report at ourtrust.org/annualreport2016.


Just Posted

IRM reports small sulphuric acid leak at Waneta reload

IRM states a small volume of less than one cup and three dime-sized drips were leaked from carrier

New farmers in Columbia Basin supported by land matching program

New and young farmers in the Basin are receiving support and services from a dedicated land matcher

Columbia Basin Trust offering business accelerator program

Trust seeking motivated companies for customized support and mentorship program

Trail military exercises provide crucial training

Exercise Sapper Crucible: ‘The nuts and bolts of what a soldier is’

VIDEO: SPCA ushers in new era with Castlegar facility

$2.69-million project had ribbon cutting on Friday

Environment Canada confirms Ottawa area hit by two tornadoes Friday

At one point more than 200,000 hydro customers were blacked out

Whitecaps see playoff dreams fade after 2-1 loss to FC Dallas

Goal in 87th minute seals Vancouver’s fate

B.C. students send books to displaced students of Hornby Island school fire

Maple Ridge elementary school teacher says students learned about acts of kindness

WHL: Kootenay Ice drop Calgary Hitmen 5-3 in home opener

Youth take centre stage as Kootenay explodes for three second-period goals

Trump drains oxygen from Trudeau foreign policy with PM, Freeland bound for UN

A lot has changed since the Liberals came to power in Canada in 2015

B.C. man fined $15,000, barred from trading securities for fraud

Larry Keith Davis used money from an investor to pay personal bills

Family, friends of B.C murder victim want killer sent back to max security facility

Group wants convicted murderer Walter Ramsay sent back to a maximum security facility

Most Read