Construction costs for Sites Reservoir have surged approximately 50%, from an original estimate of $4.5 billion to between $6.2 billion and $6.8 billion due to inflation of construction materials.
Bill C-5 allows cabinet to quickly grant federal approvals for big projects deemed to be in the national interest such as mines, ports and pipelines by sidestepping existing laws.
Rachel Reeves needs to focus on immediate economic strategies rather than relying on future infrastructure projects to ensure sustainable growth for the UK.
"Investments in a clean and resilient grid for northern and central California will have significant returns for our customers in safety, reliability and economic growth," PG&E CEO Patti Poppe said in a statement.