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.