Columbia Power + Columbia Basin Trust
Pursuant to the Columbia Basin Accord (1995), the original mandate of Columbia Power was to undertake power project investments as the agent of the Province in partnership with Columbia Basin Trust (the Trust). Columbia Power and the Trust together received $500 million to develop, as joint venture partners, three core power projects in the Columbia River Basin.
Columbia Power’s role is to develop, build and operate these projects on behalf of the partnership. Income from these projects is distributed equally to the Trust and Columbia Power. The Trust uses its income to support efforts by residents of the region to create social, economic and environmental well-being in the Basin. Columbia Power uses the income to reinvest in project development, including Waneta Expansion, currently under construction and pay dividends to our shareholder, the Province of BC. Columbia Power also uses the income to sponsor community groups and events, offer bursaries and scholarships to secondary schools and community colleges and develop and deliver environmental stewardship programs. As partners in these projects Columbia Power and the Trust enjoy a close working relationship.