Five Year Strategic Plan
In 2012/13 Columbia Power developed its five year Strategic Plan, which has three primary objectives:
- Realize forecast revenue growth from our existing facilities
- Complete construction of Waneta Expansion by 2015
- In collaboration with BC Hydro, develop new generation assets
In the fall of 2012 and early 2013 the company engaged in an extensive consultation program on the proposed strategy. The consultation included community open houses, on-line feedback and meetings with regional and local government and key stakeholders, including First Nations and labour representatives. The feedback indicates very strong support for the strategy.
Columbia Power + BC Hydro
During 2012, Columbia Power worked with BC Hydro to determine ways in which the two corporations could identify opportunities to develop projects together. In 2012, Columbia Power and BC Hydro signed a Memorandum of Understanding to work collaboratively on new project development and established a joint development committee with representatives from both organizations.
In 2014, BC Hydro asked Columbia Power Corporation (Columbia Power) to conduct a study of the options for the Elko Dam & Generating Station. BC Hydro and Columbia Power are currently analyzing the results of the study and a decision concerning the future of the facility is expected in 2015.