From the Oxford English Dictionary:
The action or practice of deceiving someone by concealing or misrepresenting the truth.
From a BC Hydro website, accessed February 8, 2017:
While the demand for electricity fluctuates year-to-year, BC Hydro forecasts that B.C.’s electricity needs will grow by almost 40 percent over the next 20 years…
Data from BC Hydro’s Annual Reports:
The above graph clearly shows that BC Hydro’s domestic customers have stopped buying more electricity. Demand growth ended a dozen years ago. Conservation and efficiency balances population growth, even though BC Hydro no longer makes a serious effort to promote conservation.
Amazingly, BC Hydro’s annual purchases from independent power producers (IPPs) increased $862 million since 2004 and the utility’s assets grew from $12 billion to $30 billion in the same period.
Additionally, an additional capital spending program totaling about $20 billion is underway. Financials for the six months ended September 2016 – the most recent available – reveal that assets are rising by $162 million a month in the current fiscal year. Consumption by residential and business users was lower in those six months than in the same periods of the preceding five years.
Increasing IPP purchases and flat demand for power obviously mean that BC Hydro creates less power in its own facilities to meet demand by users in BC. However, massive spending means the utility employs more than triple the assets to produce one gigawatt hour of electricity than it did a dozen years ago.
In the real world, officers and directors would be pushed out the door of any company that triples its assets, produces less product of its own but buys more from others that it then dumps at a loss. In BC, they simply hire more advertising agencies, buy more airtime and spin more lies.
This is bad policy not explained by mere incompetence of management. We must conclude that the Liberal Government and its appointees are directing the public utility, either to cripple it or to deliver billions of dollars to friends and supporters.
A recent article in a California newspaper demonstrates that citizens of British Columbia are not the only people being fleeced by the power industry.
Californians are paying billions for power they don’t need, IVAN PENN and RYAN MENEZES, Los Angeles Times, February 5, 2017:
…California has a big — and growing — glut of power, an investigation by the Los Angeles Times has found. The state’s power plants are on track to be able to produce at least 21% more electricity than it needs by 2020, based on official estimates. And that doesn’t even count the soaring production of electricity by rooftop solar panels that has added to the surplus.
To cover the expense of new plants whose power isn’t needed — Colusa, for example, has operated far below capacity since opening — Californians are paying a higher premium to switch on lights or turn on electric stoves…
…This translates into a staggering bill. Although California uses 2.6% less electricity annually from the power grid now than in 2008, residential and business customers together pay $6.8 billion more for power than they did then.
“In California, we’re blinding ourselves to the facts,” said Loretta Lynch, a former president of the California Public Utilities Commission, who along with consumer advocacy groups has fought to stop building plants. “We’re awash in power at a premium price.”
Regulators have for years allowed power companies to go on a building spree, vastly expanding the potential electricity supply in the state. Indeed, even as electricity demand has fallen…
…The rate in California, adjusted for inflation, has increased 12% since 2008, while prices have declined nearly 3% elsewhere in the country.