Facility provides a safe, reliable source of natural gas for Vancouver
Island and mainland customers well into the future
SURREY, BC, June 10, 2011 /CNW/ - FortisBC president and CEO John Walker
was joined today by local First Nations, government officials,
community leaders and major contractors to mark completion of
FortisBC's Mt. Hayes Natural Gas Storage Facility.
Construction at the site began three years ago, and the facility will
come into service by late 2011.
"The storage facility represents an important part of the province's
energy infrastructure and will help FortisBC meet current and future
gas demands on Vancouver Island and the mainland," said John Walker,
president and CEO, FortisBC.
"It will do this by providing a reliable, cost-competitive means of
storing gas close to the customers we serve while reducing the
dependence on out-of-province storage facilities. Completion of the
facility provides greater flexibility to meet customer needs during
winter months when demand for natural gas is at its highest or planned
and unplanned system interruptions," said Walker.
Construction of the facility created substantial mid-Island economic and
employment benefits, including:
investment of $70 million in the region, due in large part to FortisBC
sourcing local suppliers for goods and services
local, direct employment - an average of 40 workers per year over the
three-year construction project
12 full-time operations jobs at the facility
"Throughout the entire project - from consultation and planning to
building and construction - FortisBC has worked closely with community
members, sharing project details and milestones. We have only to look
to this project as a reminder of what can be accomplished through
collaboration. The benefits of the facility will extend beyond the
immediate area to the province as a whole," said Mary Marcotte,
director, Area H, Cowichan Valley Regional District.
"Stz'uminus First Nation understands that building relationships and
partnerships is critical to creating economic sustainability in our
territory," said Chief John Elliott, Stz'uminus First Nation. The
FortisBC project is just one of many business opportunities we will be
involved with in our territory that will help create economic certainty
for our Nations future. We are focused on building a self sufficient
The 12-hectare facility site is contained within the 84-hectare project
site, known as Mt. Hayes, located approximately six kilometres
northwest of Ladysmith. The storage tank holds 1.5 billion cubic feet
of liquefied natural gas and the project cost is approximately $200
To learn more about the Mt. Hayes Natural Gas Storage Facility visit www.fortisbc.com
Photos of the facility are available.
FortisBC is an integrated energy solutions provider focused on providing
safe and reliable energy, including natural gas, electricity, propane
and alternative energy solutions, at the lowest reasonable cost.
FortisBC employs more than 2,000 British Columbians and serves
approximately 1.1 million customers in more than 135 B.C. communities.
FortisBC is indirectly wholly owned by Fortis Inc., the largest
investor-owned distribution utility in Canada. FortisBC owns and
operates four regulated hydroelectric generating plants, approximately
7,000 kilometres of transmission and distribution power lines and
approximately 46,000 kilometres of natural gas transmission and
distribution pipelines. FortisBC Inc., FortisBC Energy Inc., FortisBC
Energy (Vancouver Island) Inc., and FortisBC Energy (Whistler) Inc. do
business as FortisBC. Fortis Inc. shares are listed on the Toronto
Stock Exchange and trade under the symbol FTS. Additional information
can be accessed at www.fortisinc.com or www.sedar.com.
For further information:
Corporate Communications Manager