The Columbia Basin Trust generated more than $101 million in revenue last year, according to its annual report.
The report, released Sept. 3, said revenue came from investments in hydropower, commercial real estate and other holdings.
That allowed the Trust to deliver $76.1 million in direct benefits to Basin residents through more than 2,670 projects across 56 programs in 2024.
Those benefits included:
$58.1 million in grants and initiatives
$7.1 million in commercial real estate investments
$6.5 million in new business loans
$4.4 million in capital investments
The Trust’s revenues are primarily generated from four hydropower facilities it co-owns with Columbia Power Corp.
Strong performance at the Brilliant and Waneta facilities in 2024-25 helped offset reduced revenues from the Arrow Lakes Generating Station, which was offline for turbine repairs. Insurance recoveries helped mitigate the impact, and the facility is now back in service.
“Even as we navigated challenges with Arrow Lakes Generating Station, we were able to deliver $76.1 million in direct benefits to Basin residents through 2,670 projects,” said Johnny Strilaeff, president and CEO of Columbia Basin Trust.
“This strong financial performance ensures we can keep investing in a vibrant, resilient Columbia Basin for years to come.”
The Trust will hold its annual general meeting Sept. 11 at 1 p.m. MDT in Radium Hot Springs.
Residents may attend in person or online to learn more about the past year’s outcomes.
A free community barbecue will follow the AGM from 4 to 7 p.m. at the Radium Hot Springs Centre. For more information, click here.
The 2024-25 annual service plan report is available here.
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