About Us

Regulatory
Jun 24, 2013  Comment

The Latest Utilities Board Decision and What it Means For You

You may recall that last year, Yukon Energy asked the Yukon Utilities Board for permission to raise rates by just over 13 percent over two years (2012 and 2013). We now have the final decision by the YUB. The board has granted us an 11.01 percent increase over those two years, to take effect on July 1st. It will show up on your bill as Rider J. You may also remember that while the YUB considered our application, it allowed us to charge an “interim rate”. Effective July 1st, 2012, that rate was 6.4 percent, and then in January of this year we were allowed to charge an additional 3.75 percent on an interim basis. On July 1st the 11.01 percent rate replaces those two interim riders. Now that we know our approved rates, there must also be a ‘true up’ to make up for the difference between what we charged on an interim basis and what the approved final rate increase is for those two years. That ‘true up’, which amounts to just over 3.6 percent, will show up on your bill as Rider R . It will be there from July 1st of this year to the end of June of next year. So what will this look like on your power bills? It will be different for each household, since no two households use the same amount of electricity each month. But as an example, we’ll use the amount of 1,000 kWh a month, which is a fairly typical monthly usage. Before July of 2012, you would have paid $118.26. This includes all the charges, the GST, and the Interim Electrical Rebate, which gives you a credit of $26.60. As of July 2012, you would have paid $127.40 (based on the premise that you used the same amount of electricity). This increase reflects the 2012 interim rate allowed by the Yukon Utilities Board. In January of this year, your bill for the same amount of power would have been $130.36 and includes the 2013 interim rate allowed by the Utilities Board. As of July 1st of this year, you will pay $136.76 for 1,000 kWh of electricity. This includes the YUB-approved final rate plus the ‘true up’ explained earlier in this article. The true-up rider will end at the end of June 2014. Clearly no one is happy about having to pay higher power bills. But just as costs for other services (groceries, housing costs, vehicles, etc.) have all gone up over the years, so must the price charged for electricity, since we too are facing higher operating costs. This may be of little consolation to you, but in spite of these increases, Yukoners still pay the lowest power rates in the North, and we are on par with several Canadian provinces, and pay less for electricity than Albertans do. If you’d like to learn more about why this increase was necessary, please read this earlier blog post. As always, we are happy to answer any questions you may have.

Energy Supply
Jun 25, 2013  2

Let’s Make Sense of LNG

 Yukon Energy has a proposal to use liquefied natural gas (LNG) to replace our back-up diesel generators. At the same time we would continue searching for new cost effective renewable sources of electricity. Why LNG? We currently use diesel for back-up generation: to help restore electricity during power outages, to supplement our hydro in very cold weather, and during droughts. But some of the diesel units are old and have reached the end of their lives. Since we are mandated to provide a back-up system, we have no choice but to replace these aging generators. The question is: with what? After a lot of research and input from Yukoners (LNG was one of the energy options Yukoners asked us to look into further at our Energy Charrette in 2011) we've concluded that a switch from diesel to natural gas generation is the responsible thing to do for economic, operational and environmental reasons.  We're planning a series of Open Houses to share with you what we've learned about LNG, and to talk to you about a proposal we have to retire two of our oldest Whitehorse diesel units and replace them with natural gas generators. We hope you can attend one of these sessions: July 2nd at the Nakwat'a Ku Potlatch House For citizen of the Kwanlin Dun First Nation 6 - 9 p.m. July 3rd at the Old Fire Hall, Whitehorse For citizens of the Ta'an First Nation 6 - 9 p.m. July 8th at Mount McIntyre Recreation Centre, Whitehorse For the general public 4:30 - 8:30 p.m.

Energy Supply, Environment, Reliability
Jun 28, 2013  8

Keeping Our Right-of-Ways Clear

 Yukon Energy has more than 1,000 kilometres of transmission lines, and we must keep the right-of-ways under the lines clear to ensure reliability of our system. Currently we mow the right-of-ways and manually remove the trees under our powerlines. However vegetation experts have reviewed our practice and suggest that using herbicides in addition to our current practices will provide benefits both from an economic and an environmental standpoint. Using herbicides would mean that the right-of-ways would be disturbed less often by heavy equipment, because we wouldn’t have to manually remove vegetation so often. It could promote the growth of grasses and other vegetation desirable to animals and humans, since herbicides can be selectively applied to target certain plants or trees. It also reduces bird nest disturbances. This summer, we will be testing some herbicides in the Whitehorse area to see if it makes sense for us to add their use to our vegetation management program. The small plots, near the Long Lake Road and in the vicinity of the Takhini Hot Springs Road, will be clearly marked with signs before the work begins. See the maps below for their exact locations. Herbicides are commonly used by utilities elsewhere in Canada and abroad. The ones we are testing have been recommended by environmental experts and have been approved as safe to use by Health Canada. We will begin our test program on July 8th and run for two weeks. During this time, we ask that you not walk through the plots, and that you prevent your pets from walking through them. While it isn’t a hazard for you to walk in the area, it could affect the results of our testing. Please contact us if you have any questions.

Environment, Power Outage Updates, Reliability
Jul 03, 2013  Comment

Mother Nature Is Having Her Way With Us!

Between high winds and forest fires, this has been an extremely busy week for our crews. Unfortunately it has also resulted in some power outages. Here's what's been happening: 1. This past Sunday, there was an outage to customers in Faro, Carmacks, Elsa, Keno, and small communities between Carmacks and Faro including Drury Creek and Little Salmon. There was a forest fire that went through a section of our Faro-Carmacks line, and when we inspected the line, we found some fire damaged transmission structures. While we were able to restore power to most areas quickly using backup diesels, the road between Faro and Carmacks was closed because of the forest fire, so Drury Creek and Little Salmon remained without electricity until the road was re-opened. We were able to replace our damaged poles yesterday. 2. While this pole replacement work was going on yesterday, high winds in the town of Mayo knocked down some trees in the village. Power went out for Mayo residents at about 3:30 yesterday afternoon and was restored by 7:30 last night. 3. At the same time, winds knocked down some trees on one of our main lines behind Riverdale in Whitehorse and started a small fire. Power was lost to parts of Whitehorse, Dawson, Haines Junction, the Minto and Alexco mines at about 5 o'clock yesterday. Everyone was restored by about 7 o'clock last night. 4. There is another forest fire that we are closely watching that is burning about 10 kilometres northwest of our Aishihik hydro plant. We have installed a sprinkler system around the perimeter of our property and it is ready to be turned on should we need it. We continue to monitor the situation closely. If you've lost power this week, we sincerely apologize, but please understand that our staff is working incredibly hard to deal with everything that Mother Nature has sent our way.   

Media Releases
Jul 05, 2013  Comment

Capstone Mining Corp. and Yukon Energy Partner on Energy Audit

Capstone Mining Corp. (“Capstone”) and Yukon Energy are working together to identify energy efficiency opportunities at Capstone’s Minto Mine (“Minto”). As part of Minto’s continuous improvement process and Yukon Energy’s electricity conservation initiatives, the two corporations are sharing the cost of having an energy audit done of the property. The goal is to help the mining operation reduce its energy use per tonne of ore milled and manage its peak demand load. The energy audit will be done by Hatch, a firm from Toronto that specializes in industrial energy audits. It will document past and current electricity use, compare that usage to other similar operations, and provide recommendations for energy saving opportunities. Each recommendation for energy efficiency improvements will include a cost-benefit analysis. The auditing company will also provide a proposal for managing peak load. “Energy conservation is a critical element in helping us meet Yukon’s growing energy needs,” Yukon Energy spokesperson Janet Patterson said. “We are working with all our customer classes to find ways of making the most efficient use of the territory’s available electricity, and we’re very pleased to have an opportunity to partner with Minto on this initiative.” “This is a tremendous opportunity for the Minto Mine,” said Ron Light, Minto Mine General Manager. “We are always looking at ways to continuously improve our operations and identify cost reduction opportunities and this initiative has the potential to optimize our operations well into the future.” The audit will be completed later this summer, with a final report expected before the end of this year. Capstone and Yukon Energy will share the cost of the audit equally, with an additional 25 percent to be reimbursed by Yukon Energy should Minto implement energy conservation measures that result in a reduction of current annual consumption. Contact: Cindy Burnett VP, Investor Relations and Communications Capstone Mining Corp. (604) 637-8157 cburnett@capstonemining.com Janet Patterson  Manager, Communications  Yukon Energy Corporation  (867) 393-5333  janet.patterson@yec.yk.ca   About Capstone Mining Corp. Capstone Mining Corp. is a Canadian base metals mining company, committed to the responsible development of our assets and the environments in which we operate. We are preferentially focused on copper, with two producing copper mines, the Cozamin copper-silver-zinc-lead mine located in Zacatecas State, Mexico and the Minto copper-gold-silver mine in Yukon, Canada. In addition, Capstone has two development projects, the large scale 70% owned Santo Domingo copper-iron-gold project in Chile in partnership with Korea Resources Corporation and the 100% owned Kutcho copper-zinc-gold-silver project in British Columbia, as well as exploration properties in Canada, Chile, Mexico and Australia. Using our cash flow and strong balance sheet as a springboard, Capstone aims to grow with continued mineral resource and reserve expansions, exploration, and through acquisitions in politically stable, mining-friendly regions. Our headquarters are in Vancouver, Canada and we are listed on the TSX. Further information is available at www.capstonemining.com. About Yukon Energy Corporation Established in 1987, Yukon Energy is a publicly owned electrical utility that operates as a business, at arm’s length from the Yukon government. We are the main generator and transmitter of electrical energy in the Yukon. Cautionary Note Regarding Forward-Looking Information This document may contain "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, "forward-looking statements"). These forward-looking statements are made as of the date of this document and Capstone does not intend, and does not assume any obligation, to update these forward-looking statements, except as required under applicable securities legislation. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Capstone to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.