The Mining Association of British Columbia

The Mining Association of British Columbia
Joint Industry Electricity Steering Committee

Joint Industry Electricity Steering Committee

April 29, 2010 15:43 ET

MABC and JIESC Call Clean Energy Act Balanced Approach

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 29, 2010) - The Mining Association of British Columbia (MABC) and the Joint Industry Electricity Steering Committee (JIESC) today called the Government of British Columbia's proposed Clean Energy Act a balanced approach towards achieving a range of objectives, including maintaining BC's competitive electricity rates.

"The provincial government has listened to the concerns of large industrial power consumers," stated Richard Stout, Executive Director of JIESC. "We are pleased that the government has committed to a financial separation of domestic and export power sales, to ensure that domestic ratepayers will not subsidize the export business. Some elements of the proposed Act are still to be developed and the 'devil will be in the details,' but the overall strategy is balanced and responsible. We look forward to working with the Province on the implementation of the Act's components."

"MABC welcomes the proposal of a new program to develop long-term sales contracts for large industrial power users, such as mines," added Pierre Gratton, President and CEO of MABC. "It is a powerful economic tool that can provide industry with long term certainty on power rates, while at the same time providing a mechanism for ensuring BC Hydro's rates remains competitive."

JIESC and MABC are also supportive of the government's commitments to proceed with the development of the northwest transmission line and Site C. Site C is the lowest cost new supply available to BC at this time.

MABC represents companies involved in the exploration and development, mining and smelting of minerals, metals, coal and industrial minerals in British Columbia. It is regarded as the pre-eminent voice of mining in the province.

JIESC is a coalition of large industrial power users within the province of British Columbia, including forestry, mining, electrochemical and oil and gas companies.

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