Red Chris Mine in northwest B.C. began operation this summer after protests and multiple reviews of its tailings facility. It processes one of the world's largest copper-gold deposits

Red Chris Mine in northwest B.C. began operation this summer after protests and multiple reviews of its tailings facility. It processes one of the world's largest copper-gold deposits

Hydro break proposed for struggling mines

Deferred electricity payments would be repaid with interest, Energy and Mines Minister Bill Bennett says

The B.C. government is considering a payment deferral program for mines’ electrical bills, to help keep mines running during an extended slump in metal and coal prices.

Energy and Mines Minister Bill Bennett is taking a proposal to cabinet that would allow mines to defer a portion of the BC Hydro bills, with repayment to begin when prices of copper and other mineral commodities reach a certain stage.

Imperial Metals announced this week that Huckleberry Mine. a copper mine south of Smithers, is suspending pit operations and laying off 120 of 260 employees. Bennett told Black Press the continued slump in world commodity prices means more job losses are on the way.

Electricity deferrals were used by the NDP government in the 1990s and Social Credit in the 1980s. Bennett said unlike the NDP program that varied rates with commodity prices, he is proposing that mining companies repay deferred funds with commercial interest, with no net burden to taxpayers or BC Hydro ratepayers.

“If we can’t figure out something to help reduce operating costs, there’s going to be not just layoffs, there’s going to be mines shutting down,” Bennett said. “I don’t expect bankruptcies and I don’t expect shutdowns forever, but you definitely would see temporary shutdowns until commodity prices come back. And you may see that anyway, even with the program.”

The province loses income tax revenue and BC Hydro loses power sales when industries scale back or shut down, which would put pressure on government services and BC Hydro rates. That gives the province incentive to use a deferral program, he said.

Bennett vowed that the rate deferral would not be approved if BC Hydro price caps in the current rate plan were affected.

Hydro rates jumped nine per cent in 2014, followed by annual increases of six, four, 3.5 and three per cent in the 10-year rate plan. Starting with the proposed four per cent increase in 2016, the independent B.C. Utilities Commission (BCUC) is reviewing if rate increases can be lower than what is capped in the rate plan.

 

Just Posted

Visitors to a pop-up temporary aquarium in Prince Rupert will have the chance to see marine ecology from July 21 to Aug. 15, like this viewer watching sea anemones at the Ripley’s Aquarium in Toronto. (Photo: K-J Millar/The Northern View)
Prince Rupert pop-up aquarium will bring sea level to eye level in July

A permanent peak to reef ecology centre is in the planning stages by North Coast Ecology Society

Prince Rupert’s Ellen Wright and Graeme Dickens jam out during filming the two Ring System Studio concerts to be broadcast on television during June. (Photo: supplied, H. Cox)
Ring System Studio sounds on television

Two concerts by the Prince Rupert music school will be broadcast in June

Commerical marijuana grow ops that are budding up in Prince Rupert’s downtown core are legal and out of the city’s jurisdiction, Mayor Lee Brain said, on June 14. (Photo:supplied/K-J Millar)
Prince Rupert downtown’s pretty dope

Marijuana operations grow in the Prince Rupert city core

Unionized longshore and port workers gather along Highway 16 on June 15 not crossing the picket line where Prince Rupert Solidarity Movement group protests the docking and unloading of the JPO Volans, a ship with Israeli designed technology and equipment. (Photo: K-J Millar/the Northern View)
Prince Rupert Solidarity Group pickets at port in protest

Demonstrations against the container ship JPO Volans lead into the second day to dissuade docking

BC Ferries has announced the welcoming back onboard of recreational travellers on June 15 after the provincial travel restrictions were lifted. (Courtesy of BC Ferries)
BC Ferries welcomes back recreational passengers

The ferries corp will relax mask-wearing in outdoor spaces

People line up to get their COVID-19 vaccine at a vaccination centre, Thursday, June 10, 2021 in Montreal. THE CANADIAN PRESS/Ryan Remiorz
Vaccines, low COVID case counts increase Father’s Day hope, but risk is still there

Expert says people will have to do their own risk calculus before popping in on Papa

FILE – A science class at L.A. Matheson Secondary in Surrey, B.C. on March 12, 2021. (Lauren Collins/Surrey Now Leader)
Teachers’ union wants more COVID transmission data as B.C. prepares for back-to-school

BCTF says that details will be important as province works on plan for September

Provincial health officer Dr. Bonnie Henry outlines B.C.’s COVID-19 restart plan, May 25, 2021, including larger gatherings and a possible easing of mandatory masks on July 1. (B.C. government photo)
B.C. records 120 new COVID-19 cases, second vaccines accelerating

Lower Pfizer deliveries for early July, Moderna shipments up

A Heffley Creek peacock caught not one - but two - lifts on a logging truck this month. (Photo submitted)
Heffley Creek-area peacock hops logging trucks in search of love

Peacock hitched two lifts in the past month

The Calgary skyline is seen on Friday, Sept. 15, 2017. THE CANADIAN PRESS/Jeff McIntosh
2 deaths from COVID-19 Delta variant in Alberta, 1 patient was fully immunized

Kerry Williamson with Alberta Health Services says the patients likely acquired the virus in the hospital

The first suspension bridge is the tallest in Canada, with a second suspension bridge just below it. The two are connected by a trail that’s just over 1 km. (Claire Palmer photo)
PHOTOS: The highest suspension bridges in Canada just opened in B.C.

The Skybridge in Golden allows visitors to take in views standing at 130 and 80 metres

BC Green Party leader and Cowichan Valley MLA Sonia Furstenau introduced a petition to the provincial legislature on Thursday calling for the end of old-growth logging in the province. (File photo)
BC Green leader Furstenau introduces old-growth logging petition

Party calls for the end of old-growth logging as protests in Fairy Creek continue

B.C. Premier John Horgan leaves his office for a news conference in the legislature rose garden, June 3, 2020. (B.C. government photo)
B.C. premier roasted for office budget, taxing COVID-19 benefits

Youth addiction law that triggered election hasn’t appeared

A vial containing the Moderna COVID-19 vaccine is shown at a vaccination site in Marcq en Baroeul, outside Lille, northern France, Saturday, March 20, 2021. THE CANADIAN PRESS/AP/Michel Spingler
mRNA vaccines ‘preferred’ for all Canadians, including as 2nd dose after AstraZeneca: NACI

New recommendations prioritizes Pfizer, Moderna in almost all cases

Most Read