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The Boulder Creek Hydro Project
The Boulder Creek Hydro Project
The Boulder Creek Hydro Project is owned by the Confederated Salish and Kootenai Tribes. Located on the Flathead Reservation, the facility is in Lake County in Western Montana. Part of the tribes' mission is to provide sound environmental stewardship to preserve, perpetuate, protect and enhance natural resources and ecosystems and they have done so by renovating this renewable energy project on their reservation. In operation since 1984, the project was unable to repay principal on its outstanding debt, and with paying interest only it was still operating at a loss. It had reached the point that continued operations were not a feasible option, and incurring additional debt to refurbish the project in 2007 did not make financial sense based on expected costs and available revenue from the power sales.
"It became evident that unless we could find a way to increase revenue through REC sales, to service both the pre-existing debt and the refurbishment loans, the project would cease operations" said Steve Clairmont, General Manager of the S & K Holding Company, which manages the Boulder Hydro Project. After researching REC sales opportunities, S & K determined that incremental REC revenues would make the refurbishment economically feasible, and began the process to have the project certified by the Low Impact Hydro Institute so the project would be able to generate marketable RECs. The institute certifies environmentally low impact hydropower facilities nationwide on behalf of green energy consumers.
The Boulder Creek Hydro Project is owned by the Confederated Salish and Kootenai Tribes. Located on the Flathead Reservation, the facility is in Lake County in Western Montana. Part of the tribes' mission is to provide sound environmental stewardship to preserve, perpetuate, protect and enhance natural resources and ecosystems and they have done so by renovating this renewable energy project on their reservation. In operation since 1984, the project was unable to repay principal on its outstanding debt, and with paying interest only it was still operating at a loss. It had reached the point that continued operations were not a feasible option, and incurring additional debt to refurbish the project in 2007 did not make financial sense based on expected costs and available revenue from the power sales."It became evident that unless we could find a way to increase revenue through REC sales, to service both the pre-existing debt and the refurbishment loans, the project would cease operations" said Steve Clairmont, General Manager of the S & K Holding Company, which manages the Boulder Hydro Project. After researching REC sales opportunities, S & K determined that incremental REC revenues would make the refurbishment economically feasible, and began the process to have the project certified by the Low Impact Hydro Institute so the project would be able to generate marketable RECs. The institute certifies environmentally low impact hydropower facilities nationwide on behalf of green energy consumers.
