Officials of Yukon Development Corporation and the Yukon Energy Corporation have reached a revised Power Purchase Agreement (PPA) with the Minto mine, with support from the Yukon government.
Certain provisions within the original agreement, reached between Yukon Energy and Minto Exploration in Feburary, were rejected recently by the Yukon Utilities Board. The board concluded that the risks related to the financing of Minto Exploration’s contribution to the Carmacks-Stewart Transmission Line should not be borne by ratepayers.
A revised agreement was signed by Yukon Energy and Minto Exploration this morning. The amended deal reflects changes required by the Utilities Board and provides Minto with the certainty it needs.
The main elements of the agreement include the following:
This afternoon, this revised agreement was submitted to the Yukon Utilities Board for review and consideration in the current Part 3 hearing on the Carmacks-Stewart Transmission Project.
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Contact:
Janet Patterson
Yukon Energy/Yukon Development Corp.
(867) 393-5333
janet.patterson@yec.yk.ca
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