BC Hydro

Played for fools

Despite having $17 billion more in assets in 2015 compared to 1997 (with another $4 billion added by December 2016), this is what BC Hydro produced:

per capita hydroelectric

Not including thermal generation . (Burrard Thermal made 428 GWh in 1997.)

With markets flat but purchases from Independent Power Producers rising steadily, BC Hydro must reduce production of low-cost hydroelectricity in its own facilities.

IPP $
IPP GWh purchases

11 replies »

  1. BC Hydro also has its own natural gas-powered generator, Burrard Thermal.

    It’s not supposed to use it though, unless there’s an emergency or something, presumably because it emits greenhouse gases (GHG).

    It’s okay though, for LNG to be exported from BC to Asia, on GHG-emitting ships, where it is burned, emitting GHGs.

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  2. It’s akin to a corporation manager letting her perfectly serviceable company car sit in the parking lot while she leases one at three times the going rate from her best friend. This while planning to requisition an additional company car to sit unused in the parking lot beside the existing one while still continuing the lease.

    Should she be fired?

    Liked by 1 person

  3. BC Hydro head predicts end to energy self-sufficiency

    ——————————————————————————–

    By Chad Skelton, Vancouver Sun, August 20, 2011

    Significantly reducing reliance on independent power producers would save utility hundreds of millions of dollars

    BC Hydro president Dave Cobb has told his staff that he expects Victoria to soon abandon its current energy selfsufficiency policy, a move that would free Hydro from buying hundreds of millions of dollars worth of electricity that it doesn’t need from independent power producers.

    Cobb made the prediction on a private conference call with Hydro staff on Aug. 12, one day after a government-appointed panel released a report slamming Hydro for its bloated staff and high wages and calling for Hydro to cut its planned rate increases in half. On the call, Cobb argued that the B.C. Liberal government’s 2007 energy plan, which requires Hydro to have enough energy on hand by 2016 to be self-sufficient, is enormously costly to the utility.

    “If it doesn’t change, it would be hundreds of millions of dollars per year that we would be spending of our ratepayers’ money with no value in return,” said Cobb. “The way the self-sufficiency policy is defined now … would require us to buy far more long-term power than we need.”

    from

    http://www.buteinlet.net/node/294

    The original Vancouver Sun link seems to have disappeared.

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    • I think it would be good to see the original, Hugh. Can you scan and send it on to Norm? That would be important evidence, if a court case ever came up (as it should.)

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  4. Christy Clark”s (best friend forever) Justin Trudeau is hinting that he’d like to sell off the Port of Vancouver for $22 Billion to “have cash for infrastructure”. Imagine the power and energy produced by these two politicians rubbing their hands together for cash kick-backs.

    It will provide cash for the lawsuits against those fighting the Kinder Morgan pipeline.

    Cash for the imaginary “World Class Response” clean up of bitumen oil spills.

    Marine Parking Lots for supersized LNG waiting for Squamish LNG.

    China will buy the Port of Vancouver.

    China will claim “interference of profits” if protesters delay the Site C Dam project, LNG or oil pipelines.

    China’s Anbang Insurance bought Retirement Concepts in excess of $1 Billion. This is Christy Clark’s biggest Real Estate sale. Retirement Concepts will be the murky retirement home for all political dissents and protesters. (Watch out for the wire brush on bath days.)

    China will be allowed to invest in the greasy spoon robotic technology for the Oilsands of Alberta.

    The Chinese government has bought Montreal’s ITF Technologies. This Montreal firm has “weapons capacity”.

    Soon, all of Canada’s: Resources, Intelligence and Politicians will be available for purchase at a drive-thru kiosk near you.

    https://beta.theglobeandmail.com/report-on-business/canada-could-squeeze-profits-out-of-port-sales-cd-howe-study/article35321592/?ref=https://www.theglobeandmail.com&

    http://business.financialpost.com/commodities/energy/federal-governments-minds-are-open-for-chinese-investment-in-oilsands-jim-carr-says/wcm/60467b25-df55-4252-8dd0-23e2cfbca011

    https://thetyee.ca/News/2017/03/30/Ottawa-Approval-Chinese-Takeover-Tech-Firm/

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    • Retirement Concepts sale was never mentioned in the Sun or Prv,, just the Globe & Mail. So it went through. We are living in dangerous times. Only a few people know this information. Goebles would be envious.

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  5. “Chinese investigators who detained Wu Xiaohui, chairman of Anbang Insurance Group, are carrying out a wide probe that includes looking into the sources of funding for the firm’s acquisitions overseas, possible market manipulation by insurers, and “economic crimes,” people familiar with the matter said.”

    https://www.bloomberg.com/news/articles/2017-06-15/anbang-s-wu-said-detained-in-broad-probe-including-m-a-funding-j3xwxxa8

    The above quote is about Anbang, which recently purchased 22 retirement homes in BC.
    Great, huh.

    “The Trudeau government’s point man on foreign takeovers said he’s disturbed by news that the chair of Chinese conglomerate Anbang has been arrested by Beijing, but he will not reconsider Ottawa’s decision to allow the insurance titan to buy a stake in British Columbia’s health-care sector.

    Earlier this year, Innovation, Science and Economic Development Minister Navdeep Bains green-lighted the sale of one of British Columbia’s biggest retirement-home chains to Anbang, an insurance-holding company with a murky ownership structure, in a deal that gave China a foothold in Canada’s health-care sector.

    The deal – believed to be worth in excess of $1-billion – gave Anbang control of Vancouver-based Retirement Concepts, which is B.C.’s highest-billing provider of assisted-living and residential-care services. The B.C. government paid Retirement Concepts $86.5-million in the 2015-16 fiscal year, more than any other of the 130 similar providers.”

    from:

    https://www.theglobeandmail.com/news/politics/arrest-of-chinas-anbang-chair-wont-affect-sale-of-bc-retirement-home-chain-ottawa/article35305277/

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  6. The historians will look back on the last 16 years ,in BC ,as the dark ages,the information ghetto era of BC,where democracy took a back seat.

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