SaskPower will see a reduction in their proposed rate increase for the coming year. What was once planned to be a 5% increase for 2017, the rate increase has been lowered down to 3.5% for the year, effective January 1st, 2017. Heather Johnson, a…
Source: Reduction Approved on 2017 SaskPower Rate Increase – SwiftCurrentOnline.com
SaskPower was selected to build and operate a new 350 megawatt combined cycle natural gas power generation facility in Swift Current with an October 2019 in-service date.
Crown Investments Corporation (CIC) led an open, transparent and fair evaluation process to determine best value for ratepayers. This process was monitored by an external fairness monitor.
“As Minister, I would like to thank CIC for leading the evaluation process, as well as the Independent Power Producers for submitting very competitive proposals,” Crown Investments Minister Don McMorris said. “This project will benefit Saskatchewan people with reliable power for years to come.”
The evaluation process examined Independent Power Producer (IPP) proposals, and compared the highest ranked IPP against the SaskPower proposal. A fairness monitor was engaged to oversee the process and ensure evaluation criteria were followed.
“SaskPower is pleased to have been selected to build and operate a new natural gas-fired power station in Swift Current,” SaskPower President Mike Marsh said. “This new plant will provide reliable, baseload power to the Saskatchewan grid and support the continued integration of additional renewables.”
A detailed value for money report will be prepared and publicly released within the next 120 days.
