Mike Marsh, president and CEO of Sask-Power, writes:
…The technology at Boundary Dam is the first of its kind and, as with other technologies, we expect the price to drop as it develops. The BD3 CCS project is on track to meet our goal of capturing 800,000 tonnes of carbon dioxide in 2016 – equal to taking over 200,000 cars off our roads.
People are using more electricity than before and we need to expand our fleet. We also need to invest in costlier forms of generation to meet challenges presented by climate change and record growth. These types of investment will impact rates, but to suggest CCS doubles rates is simply false.
They were spreading misinformation about solar power just the other week. This is the organization whose VP told me solar wouldn’t be cost effective for utilities in the “northern hemisphere”, as Spain already had a utility solar plant in production, and many more have since been built all over North America.
SaskPower was just “required to supply a minimum volume of CO2 to Cenovus, with Cenovus having the option to buy 100 per cent of production”, Wall’s office said, adding the contract was renegotiated and that Watson’s 2013 comments “were aspirational at the time, not reflective of the contract that was signed in the end.”
In no small irony, this information came to the Leader-Post the same day the newspaper ran a letter to the editor from current SaskPower president and CEO Mike Marsh, who felt he needed to “correct the record” on “misinformation about the cost of carbon capture and storage.”