Yukon Energy has signed an Electricity Purchase Agreement with Tlingit Homeland Energy Limited Partnership (THELP) that will increase the supply of dependable renewable electricity in Yukon each winter.
The Electricity Purchase Agreement confirms THELP’s plans to build, own and operate the Atlin Hydro Expansion Project, a project designed to expand the infrastructure and power production capacity on Pine Creek from 2.1 megawatts to approximately 10 megawatts.
The Agreement also outlines Yukon Energy’s intention to buy renewable energy and capacity from the Atlin Hydro Expansion Project for 40 years at prices less than or equal to the cost Yukon Energy would otherwise pay for electricity generated using liquefied natural gas and diesel.
The Electricity Purchase Agreement is subject to a number of milestones being met including:
Yukon Energy and THELP filed an amended Electricity Purchase Agreement with the Yukon Utilities Board (YUB) for its review on April 19, 2022. The original Electricity Purchase Agreement between Yukon Energy and THELP was amended after THELP made improvements to the project’s design.
The YUB has reviewed the Electricity Purchase Agreement and provided a report and recommendations to Yukon government’s Minister of Justice on the potential benefits, costs, risks and customer impacts that influence whether the Electricity Purchase Agreement should proceed as proposed by Yukon Energy.