For full disclosure, I sit on the board of WESNet. The WESNet fund is primarily driven through NSERC, and that has a time allotment of, I believe, five years. We have just received a one-year extension as some activities continue. Essentially, what we were told is that there is no more money, and there is a lot of competition for other sources of NSERC funding, and WESNet has essentially run the course.
On January 29th, 2013. See this statement in context.