News & Events

Check this section for Yukon Energy's latest news and coming events.

If you have questions about any of the information posted here, please contact:

Janet Patterson
Manager, Communications
Yukon Energy Corporation
Phone: (867) 393-5333

Nov 14, 2017  3

Yukon Energy and Victoria Gold Sign Power Purchase Agreement

Yukon Energy and Victoria Gold have signed an agreement for the supply of grid power to Victoria Gold’s Eagle Gold Mine near Mayo. The agreement was signed on Nov. 10th and submitted to the Yukon Utilities Board (YUB) for review the same day (last Friday). The signing of this Power Purchase Agreement (PPA) is a key step towards the connection of the mine to our grid. However Victoria Gold must complete a final round of financing to move on to the next phase of construction next spring. If the Utilities Board approves the PPA, power sales to Eagle Mine would contribute $100-million or more in additional revenues to Yukon Energy over the expected ten year mine life. This new revenue will benefit all electrical consumers in the territory, and will result in a 1-2 percent reduction in rates for other electricity customers. The agreement commits Victoria Gold to covering the full costs of connecting to Yukon Energy’s main line. As well, the mine will pay most of the costs of a new substation, it will cover YEC’s expenses to negotiate the PPA, and it will pay the costs to make system improvements that will benefit all on-grid Yukon communities. The value of Victoria Gold’s investment in the substation, system improvements, and Yukon Energy’s costs totals more than $11-million. The mine will connect initially to the existing Stewart to Keno City transmission line, which can meet the majority of Victoria Gold’s power needs for the first one to two years of its operation. However, the existing line is at end of life and must be replaced as soon as possible. Yukon Energy is continuing to work with the Yukon Development Corporation and the Yukon government to secure funding for a new transmission line. The First Nation of Na-Cho Nyak Dun (NND) has indicated its support for both the Eagle Gold Mine and an upgrade to the Stewart to Keno City transmission line. Yukon Energy is working with NND to reach a project agreement for the prospective line. The Eagle Gold Mine expects to go into production in by mid-2019. Its load requirements would be highest during the summer months, when we have surplus renewable energy. The mine’s operations would slow down in December, January, and February and its requirements for electricity would drop to about half of its summer needs. If Victoria Gold is connected to the grid, Yukon Energy will meet their load with a mix of hydro and thermal resources (most of the thermal will be LNG). The amount of thermal will reduce once more new renewable generation can be added to the system. This emphasizes the need to proceed with renewable projects identified in our 2016 Resource Plan. However a grid connection saves up to 53,000 tonnes per year of greenhouse gas emissions when compared to the mine self-generating using diesel.   A copy of the full application submitted to the YUB can be found at the bottom of this page.  

News, Media Releases, Energy Supply, Environment, Partnerships
Jul 24, 2017  Comment

Yukon Energy, Northern Climate ExChange and INRS partner to study Mayo and Aishihik rivers

Yukon Energy Corporation (YEC), the Northern Climate ExChange (NCE) at Yukon College and the Institut national de la recherche scientifique (INRS), a graduate school of the University of Quebec’s network, are partnering to study climate change impacts on the Mayo and Aishihik rivers in Yukon. This three-year research project combines two grants from the Natural Sciences and Engineering Research Council of Canada (NSERC) with funding from Yukon Energy. The total value of the project is close to $1-million with close to half of that in cash and in-kind support coming from the energy corporation. The research team will look at how long-term changes in temperature, snow, rain and permafrost may impact each river in the decades to come. This project will allow Yukon Energy to better manage water in each hydroelectric reservoir in the short term while planning for the effects of climate change over time. The research team will also develop a range of tools to allow Yukon Energy to forecast inflow in the Mayo and Aishihik hydroelectric power plants on timescales ranging from weeks to months. “This research is critical to us in terms of helping us plan for climate change and the implications on our ability to generate hydro power,” Yukon Energy president Andrew Hall said. “Because the Aishihik and Mayo facilities are key assets for us, we must be ready for any future changes in the watersheds that feed them.” “NSERC is proud to support applied research and development in high priority areas such as the environment and climate change,” said Bert van den Berg, Acting Vice-President, Research Partnerships, NSERC. “Connecting industry with applied research expertise at Canadian colleges will result in innovative technologies to help protect our environment and improve the quality of life for Canadians”. For INRS, this project represents an opportunity to expand their research expertise into a new region where they have not previously conducted hydrologic modelling, and with new academic and private sector partners. INRS personnel will conduct research in northern hydrology and build the professional and technological capacities that will help Yukon Energy address climate change challenges. As well, INRS will train YEC professionals on the operation of an inflow forecasting system. “Climate change is already impacting Yukon rivers and lakes in ways we don’t fully understand. We’re excited to continue our work with Yukon Energy and other partners to provide tools and information and help plan for these impacts,” said Brian Horton, project coordinator, Northern Climate ExChange at Yukon College. As the project will study rivers within the traditional territories of the Champagne and Aishihik First Nations (CAFN) and First Nation of Na-Cho Nyak Dun (NND), Yukon Energy and the Northern Climate ExChange are working with each First Nation to determine best locations for the data collection stations. Local First Nations citizens will be invited to work as field assistance, and all data gathered through this project with be shared with the First Nations. Project researchers are heading into the field this summer to install automatic weather stations in the Mayo and Aishihik river regions. Project teams will also engage local schoolchildren in the project with presentations and interactive experiments in the fall term. This project follows from a similar three-year study of the Yukon River recently completed by NCE, Yukon Energy, Yukon Geological Survey, and other collaborators. Based on results from that project researchers estimate that over the next 30 years, Yukon River flows will increase in fall, winter, and spring months, but that the timing and volume of summer peak flows will remain relatively unchanged. Monitoring of the weather near Llewellyn Glacier is ongoing and NCE researchers have trained YEC staff in the use of the project software to ensure the models are updated with contemporary data. For more information visit: About INRS : For more information, contact: Michael Vernon Yukon College - Communications 867.668.8786 867.332.4722 Janet Patterson Yukon Energy - Manager, Communications 867.393.5333 867.335.1519

Jun 22, 2017  Comment

Yukon Energy Seeks First Rate Increase in Four Years

Yukon Energy has filed an application with the Yukon Utilities Board for its first rate increase since 2013. The Corporation is asking for a nine percent increase over two years (2017 and 2018). Yukon Energy hasn’t had a rate change since 2013, meaning this increase would equate to 1.75 percent a year between 2014 and 2018. The increase would impact both Yukon Energy and ATCO Electric Yukon customers. “Over the last four years Yukon Energy has worked hard to avoid the need for any rate changes,” Yukon Energy President Andrew Hall said. “However we are facing increased costs to modernize our aging infrastructure and to ensure reliable energy during winter peaks. We are also seeing inflation in some of our operating expenses.” “Delaying an increase would just compound the problem and mean even higher rate hikes down the road,” Hall said. Yukon Energy has completed a number of projects since its last General Rate Application (GRA) that address aging assets and it is appropriate to now put those into rates. The projects include the Whitehorse LNG project and major repairs to the elevator shaft at the Aishihik hydro facility. A GRA would also allow Yukon Energy to pass on the benefit of lower LNG pricing (compared to diesel) to ratepayers. The increase that Yukon Energy is asking for on an annual basis is consistent with inflation on a number of other consumer costs such as housing, telephone and internet, and water and sewer. Hall noted that even with an increase, Yukon rates remain the lowest in the North and are competitive with many other jurisdictions in Canada. “We recognize that even a small increase can be a hardship for some people,” Hall said. “There are steps most Yukoners can take to keep their bills affordable. Our inCharge program provides rebates and energy saving tips, as does the Yukon government’s Good Energy Program. We will work with customers to provide them with the tools and information they need to take more control over their electricity bills.” Here is the full version of the General Rate Application, and here is a summary of the filing. Contact: Janet Patterson                                                                        Manager, Communications Yukon Energy Corporation (867) 393-5333