PUBLICATION
British Columbia Power 2014
During the past two years, the government of British Columbia and BC Hydro, a crown-corporation accounting for 80% of the province’s generation capacity, have worked to plan the province’s energy future, as demand for electricity is expected to rise by 40% over the next 20 years. The government’s 10-Year Plan and BC Hydro’s complementary Integrated Resource Plan (IRP) call for extensive new investments and upgrades to infrastructure, including C$1.7 billion per year over the next 10 years on capital improvements. However, it is unclear whether plans for BC Hydro’s Site C, a long-proposed 1,100-megawatts (MW) project on the Peace River, will be approved or the development of substantial gas reserves through the construction of electricity-intensive LNG export facilities will occur.
RECENT PUBLICATIONS
A convergence of high-commodity prices and low valuations, on the back of a structural deficit in exploration and discoveries, has set the perfect scene for increased M&A. The leverage is particularly high for acquisitions in Latam North and the Caribbean, where stocks do not command the high premiums of tier-one jurisdictions. But M&A is only a quick fix to the global resource replenishment crisis.
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MACIG
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