The completed Waneta Expansion Project will help double the Columbia Basin Trust's revenues in the next few years.

Trust expects to double revenues

The Columbia Basin Trust is expecting to nearly double its revenues in the next few years thanks to its investment in power projects.

The Columbia Basin Trust is expecting to nearly double its revenues in the next few years.

The increase comes as the result of the CBT’s investment in a number of power projects. The Waneta Expansion Project is coming online and the CBT has also renewed a power purchase agreement for the Arrow Lakes dam with BC Hydro.

“In the next couple of years we’ll be increasing our revenues to about $55 million, for the foreseeable future, per year,” said Delphi Hoodicoff, director of communications for the CBT.

Power purchase agreements for the CBT’s power projects are longterm, so the trust can be reasonably certain of its revenues for the next few years.

In response to the expected increase in revenue, CBT approached communities about how the trust could better its services.

“Over the past year the Our Trust, Our Future engagement process went underway across the region,” said Hoodicoff.

The result of that community engagement is the Renewed Strategic Priorities document, which the trust released this week.

“That document is for 2016 to 2020, and it talks about 13 strategic priorities that residents want us to focus on. It also talks about the ways in which we’re going to support residents, the tools or the methods we’ll be using,” explained Hoodicoff.

One of the trust’s new tools is to explore forms of investment that may not have a high financial reward, but that provide a community benefit, such as job creation.

“This could be a no interest or low interest loan for example,” said Hoodicoff.

Many of the priorities respond to a request from residents to take on issues that can’t be addressed through grants, like affordable housing, economic development and early childhood development.

“Over the next few years what you’re going to be seeing is a shift in our organization where grants will remain as they are, but we’re going to start putting more energy and effort into these broader initiatives of strategic priorities and really trying to make a difference for the communities and the region as a whole in tackling these issues,” said Hoodicoff.

Those who were part of the Our Trust, Our Future engagement and want to find out what the CBT decided are invited to attend open houses at the trust’s offices.

The open house in Nakusp will be Thursday, Oct. 29 from 11 a.m. to 2p.m., and the one in Castlegar will be Friday, Oct. 30 from 11 a.m. to 2 p.m.

For those who can’t attend there will also be an online webinar and they can register at cbt.org/openhouse.

This story will appear in the West Kootenay Advertiser the week of Thursday, October 8.

Just Posted

Premier Horgan talks jobs and opportunity at Castlegar mill

Upbeat visit brings message of hope and co-operation among Kootenay forestry players

Shoreacres crash injuries two drivers seriously

Crash blocks Highway 3A for nearly two hours at suppertime

City of Castlegar cutting back on herbicide use

No more herbicides for playgrounds and green spaces.

Gas venting from tanker at Castlegar rail yard posed no danger: officials

Argon gas discharged from a CP tanker car on Friday, April 19.

Castlegar restaurant passes generous tip on to food bank

The owner of The Nineteenth restaurant decided the best place for a tip that big was those in need

VIDEO: Driver in bizarre hit-and-run at B.C. car dealership turns herself in

Police believe alcohol was a factor in incident causing estimated $15,000 in damages

‘B.C. cannot wait for action’: Top doctor urges province to decriminalize illicit drugs

Dr. Bonnie Henry says current approach in ‘war on drugs’ has criminalized and stigmatized drug users

B.C. woman, 76, challenges alcohol-screening laws after failing to give breath sample

Norma McLeod was unable to provide a sample because of her medical conditions

New report on 2017 wildfires calls for better coordination with B.C. First Nations

Tsilhqot’in National Government documents 2017 disaster and lists 33 calls to action

B.C. youth coach banned amid sexual harassment, bullying scandal: Water Polo Canada

Justin Mitchell can’t take part in Water Polo Canada events or clubs

Wilson-Raybould: Feds want to just ‘manage the problem’ of Indigenous Peoples

Former federal justice minister speaks at First Nations Justice Council meeting in B.C.

Boating incident claims life on East Kootenay lake

A young man has died after a canoe overturned in Moyie Lake early Tuesday morning

Female real estate agents warned of suspicious man in Metro Vancouver

The man requests to see homes alone with the female agent, police say

Can you put your phone down for Mother’s Day?

#DiningMode campaign encourages people to leave the phone alone while eating

Most Read