Mr. Cliff Grandison reports

BC HYDRO CALL FOR POWER

Alaska Hydro Corp. has noted a planned call for power from B.C. Hydro with a registration date of May 1, 2024, and a proposal submission date of Aug. 2, 2024. The planned call is for 3,000 GWh (gigawatt-hours) of clean renewable energy. The company expects to register its More Creek project.

The More Creek hydroelectric project is located in northwestern B.C. and is a 75 MW (megawatt) hydro storage dam and generator located on More Creek, a tributary of the Iskut River. The project is planned to produce approximately 484 GWh of electricity annually. The company has completed a prefeasibility study, and the project is subject to the British Columbia environmental assessment process.

The proposed call includes a requirement for first nations participation and will mandate a minimum first nations equity interest of 25 per cent. The company has plans to engage in discussions with the Tahltan First Nations.

The company has an investigative licence for the More Creek project and reservoir, as well as an application for tenure over Crown land in the vicinity of Forrest Kerr Creek for a proposed diversion into More Creek. The investigative licence in the vicinity of More Creek covers an area of approximately 49,933.68 hectares. There is a provincial government order in council (OIC) covering the lands to be flooded by a More Creek reservoir that restricts uses other than flooding. The company has filed a notice with the provincial Environmental Assessment Office in respect of a newly proposed road way which encroaches on the area covered by the OIC.

We seek Safe Harbor.