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The cost to build B.C. Hydroâs Site C has ballooned to $16 billion, making it the most expensive dam in Canadian history. With costs out of control and no upper limit in sight, Premier John Horgan dismissed the notion that Site C should be stopped.
He relied on a false narrative in order to do so. Premier Horgan said that if Site C construction was terminated, $10.2 billion in costs would be subject to an immediate writedown, and this writedown would cause a 26-per-cent increase in electricity rates.
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A commentary by a former president and CEO of B.C. Hydro. The cost to build B.C. Hydro’s Site C has ballooned to $16 billion, making it the most expensive dam in Canadian history. With costs out . . .