Mr. Mario Finis reports

STANTEC SELECTED BY BC HYDRO TO PROVIDE TRANSMISSION & DISTRIBUTION ENGINEERING AND PROJECT DELIVERY SERVICES

Stantec Inc. has been selected by BC Hydro & Power Authority to provide transmission and distribution engineering as well as project delivery services for the electrical infrastructure in British Columbia, Canada. The initiative is part of BC Hydro's 10-year capital plan to modernize its electrical grid and provide reliable energy while driving the clean-energy transition forward in the province.

The $186-million master services agreement (MSA) between Stantec and BC Hydro is initially termed for seven years, with a potential total term of up to 20 years. Stantec will supply transmission and distribution services along with substation design, including electrical, mechanical, civil, structural and geotechnical engineering services. Stantec will also oversee project management, scheduling, cost control, procurement and contract management, as well as materials management, equipment management and logistics.

This is the latest agreement between Stantec and BC Hydro, which allows Stantec to support any development from initial system studies, environmental permitting, indigenous consultation and engineering design to construction management and postconstruction monitoring.

"Stantec is proud to assist BC Hydro in this major endeavour to modernize and expand the electrical grid in British Columbia," says Mario Finis, executive vice-president of energy and resources at Stantec. "Renewable-energy generation is only part of the transition to a clean-energy future. We must also design, build and maintain the transmission and distribution infrastructure needed to safely and reliably deliver clean energy to meet the needs of our communities. Stantec will be there to support these grid modernization efforts in British Columbia and around the world."

BC Hydro released its 10-year capital plan in January, 2024. The plan, called Power Pathway: Building BC's Energy Future, outlines the investments BC Hydro plans to make to sustain and expand the electricity system. It has three main objectives: to support the electrification of the province and meet CleanBC emissions reductions targets; to reinforce the system to enable customer connections and meet load growth; and to sustain the system, ensuring the province can safely and reliably meet the needs of its customers while keeping rates low.

Stantec's energy and resources team is an industry leader in power delivery services and solutions designed to support the changing needs of global communities. The global firm's work involves evaluating, designing, and commissioning transmission, substation, distribution, energy storage and grid modernization projects. Stantec is currently serving as owner's engineer for the SunZia transmission project, which is part of the largest clean-energy infrastructure initiative in United States history and will deliver 3,000 megawatts of power to communities throughout the southwestern United States. Stantec's teams are also providing specialist services for more than a dozen major high-voltage direct current (HVDC) projects globally.

About Stantec Inc.

Communities are fundamental. Whether around the corner or across the globe, they provide a foundation as well as a sense of place and of belonging. That is why Stantec always designs with community in mind.

Stantec cares about the communities it serves -- because they are its communities, too. This allows the company to assess what is needed and connect its expertise, to appreciate nuances and envision what has never been considered, to bring together diverse perspectives so it can collaborate toward a shared success.

Stantec comprises designers, engineers, scientists and project managers, innovating together at the intersection of community, creativity and client relationships. Balancing these priorities results in projects that advance the quality of life in communities across the globe.

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