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SNC-Lavalin Group Inc
Symbol SNC
Shares Issued 175,554,252
Close 2020-10-23 C$ 22.11
Recent Sedar Documents

Van Sun says Atco, others hear Site C may get cancelled

2020-10-23 07:17 ET - In the News

See In the News (C-ACO) Atco Ltd

The Vancouver Sun reports in its Friday edition that B.C. Premier John Horgan admitted Thursday that the review of Site C could have a serious impact on BC Hydro rates and on the future of the troubled hydroelectric dam itself. The Sun's Vaughn Palmer quotes Mr. Horgan telling reporters: "This is absolutely serious for BC Hydro ratepayers and for the project. I don't want to diminish it in any way." The comment is the closest the NDP leader has come to suggesting British Columbians should brace themselves for bad news on Site C after the votes are counted in the provincial election. Mr. Horgan was referring to the implications of a government-ordered review of the project by Peter Milburn, an engineer and former deputy minister of finance. Mr. Milburn is not scheduled to report to government until "November or perhaps into December," according to Mr. Horgan. "I don't want to prejudge what Peter Milburn is doing," he told reporters, a line he has repeated throughout the campaign. The government hired Mr. Milburn in July, after Hydro confessed to serious geotechnical problems and escalating costs at Site C in a belated filing to the B.C. Utilities Commission. At issue is instability on one of the banks of the river.

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