Capital Projects

BCTC files an application with the BC Utilities Commission for a Certificate of Public Convenience and Necessity (CPCN) with the BCUC for capital projects which meet the following criteria:

1. Total project cost is expected to exceed $50 million
2. The impact on a particular community or constituency likely cannot be mitigated to its satisfaction
3. The risk associated with a project, as established through BCTC’s corporate risk management framework, is identified as High or Extreme
4. The project establishes a precedent for significant future investment, where “significant” is proposed to mean $50 million or more over either a ten-year period or the life of an asset
5. The Commission exercises its discretion to require a CPCN application