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British Columbia Transmission Corp., in its 10-year capital plan filed Nov. 24 with provincial regulators, projects spending C$5.3 billion over the next decade.
"Significant investment is required to maintain and expand the province's transmission system to secure our long-term electricity needs and to retain the ongoing competitive advantage these assets provide to British Columbians," BCTC President and CEO Jane Peverett said in a news release.
The plan, filed with the British Columbia Utilities Commission, details specific capital investments for the next two years, fiscal years 2010 and 2011, and projects potential investments through fiscal year 2019. Previously, regulators required a rolling two-year plan, updated annually, but changed to biennial plans, calling that approach more efficient administratively. The previous transmission system...