Mr. David Cornhill reports
ALTAGAS LTD. ANNOUNCES START-UP OF 16 MW VOLCANO CREEK HYDRO FACILITY TWO YEARS AHEAD OF SCHEDULE
AltaGas Ltd. has started producing power at its 16-megawatt Volcano Creek run-of-river hydroelectric facility. Commissioning of the powerhouse systems and high-voltage switch yard was completed in November, and the facility is now tied in and delivering power to the Northwest Transmission Line at Bob Quinn, B.C.
"We are pleased to announce the safe commissioning of Volcano Creek two years ahead of schedule and on budget," said David Cornhill, chairman and chief executive officer of AltaGas. "This was made possible by the outstanding contributions of our dedicated employees and contractors, the Tahltan First Nation, BC Hydro and the government of B.C."
Over the next several weeks, a number of on-line electrical and system functional checks will be performed. AltaGas expects final project commercial operations to be achieved by the end of the fourth quarter of 2014, weather and river conditions permitting.
The Volcano Creek facility is supported by a 60-year, fully indexed electricity purchase agreement with BC Hydro.
We seek Safe Harbor.
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