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BCUC approves B.C. Hydro buying remaining stake in Waneta Dam for $1.2 billion

from Energetic City

The B.C. Utilities Commission has approved B.C. Hydro's application to purchase the two-thirds share of the Waneta Dam in southeastern B.C. that is currently owned by Teck Resources. In 2010, B.C. Hydro purchased a one-third share of the Waneta Dam for $825 million. The dam, which is located near Trail, was originally built in 1954 by the Consolidated Mining and Smelting Company of Canada (now known as Teck Resources) to generate power for its smelter in Trail. more

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