Ottawa pledges $71 million for Yukon power dam
WHITEHORSE, YUKON - Prime Minister Stephen Harper, wrapping up a week-long tour of CanadaÂ’s North, visited a hydroelectric dam near here where federal funding will boost the damÂ’s ability to produce clean hydroelectricity, displacing diesel-fueled power sources in the Yukon.
Mr. Harper and Yukon Premier Dennis Fentie signed a contribution agreement for the Mayo B hydro power plant, a $160-million project that is expected to be complete by 2013. The federal government will contribute $71-million to the project.
The federal government says the addition of the new power plant at the Mayo dam will help the Yukon reduce its dependency on diesel fuel for electricity and cut greenhouse has emissions by 50% from current levels.
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Only eight of the 61 provincial power utilities will offer the new rate on the May 1 launch date. The rest have up to six months to get on board.
That means it will be available to 20 percent of the province's five million electricity customers, the Ministry of Energy confirmed to CBC News.
The Ford government's new overnight pricing was pitched as a money saver for Ontarians, undercutting its existing overnight rate from…