BC Hydro

BC Hydro Annual Report

In the fiscal year ended March 31, to its residential, commercial and industrial customers, BC Hydro sold 1.6% less electricity than in the previous year. The volume in 2019-2020 was slightly less than the 15 year average.

Although the public utility experienced flat demand over many years, purchases from independent power producers (IPPs) continued.

Despite lack of sales growth and private power purchases, BC Hydro added to its own generating capacity and, of course, is building Site C to add yet more.

Given the many years without growth in the amount of electricity being sold to residential and business consumers, it should surprise that assets employed by BC Hydro tripled.

For much of its almost 60-year history, BC Hydro served the province well. In fact, that success attracted attention of predators. For ideological reasons, Liberal Premier Gordon Campbell opened the door and let them in. The cost to citizens has been immense.

Categories: BC Hydro

9 replies »

  1. This is a sad story and it gets worse if you go back a bit further. I think BC voters should think twice about voting in anyone with the last name Clark because Glen Clark really hamstrung BC Hydro in the 90’s by imposing a rate freeze that forced the utility to cut back on maintenance. Then we get Christy Clark who pushed the no-win project of Site C. Right now, we are dealing with catching up with the backlog of maintenance on our electrical grid and trying to complete the largest capital project in the history of the utility. In both cases, the investment will not result in new additional revenue. At best, maintenance will just help to keep some or all of the existing revenue.

    Maybe we have uniquely ignorant people in government in this province. Time to ditch the old parties and vote in randomly select citizens. At least then we’d know they don’t have established networks that are pulling all the strings.

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    • We have government run by bureaucrats, good union bureaucrats. Politicians are deathly afraid to contradict them and the result is a province ungovernable.

      The same is true of the Ministry of Transportation, where old hacks rule with an iron fist.

      In the end, the same things are done over and over again, ever hoping for different results. The politicians are just along for the ride.

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      • Mr. Eye, don’t attribute unionism to decisions taken by top bureaucrats who are not members.

        I decry positions taken by deputy ministers like Fazil Mihlar, a former associate of the virulently anti-union Fraser Institute.

        But unions exist to ensure members are paid and treated fairly. Without the union movement, we’d have modern day equivalents of Charles Dickens, writing stories about poor houses for people victimized by their employers.

        By continuing Site C, John Horgan’s government is paying a political debt to unions that want members securely employed at well-paid jobs.

        But, that’s a fault of the Premier. Horgan is supposed to act for the public interest; union leaders are supposed to act for the union’s interests.

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      • Mr. Engineer, maintenance is never a sexy political issue. Politicians know that so they mount campaigns like the one Christy Clark Liberals took in 2011, cutting 1,200 jobs.

        ‘Kicked in the Teeth’ at BC Hydro

        But, then politicians strut and preen like peacocks when an unneeded megaproject promises to add jobs.

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        • So very true Norm.

          The only way to get something approved in BC is to ensure there will be a photo op that includes wearing a hard hat so the politician can pretend to be ‘hard at work’ .

          A useful action for people to react to Christy’s misdeeds would be to boycott any company that she sits on the board for. No reason to double down on her bad advice.

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  2. As always a great presentation of the “ANNUAL REPORT” for BC Hydro.

    In the many BC H reports we both have read I can’t recall ever reading mention of the “elasticity of demand “. This is just a fancy term to describe the natural behavior of customers to changes in the prices of what they buy. When the price of a KWhr is low or goes down, the more we use; when the prices go up the less we want to buy or the less we can afford to buy.

    I think it was found to be inconvenient by the BC H Board and BC Cabinet to engage in such thinking as it would spoil their fun of indirect borrowing (IPP Contracting) and spending.

    One does not go from almost zero “contractual obligations ” to approaching $90 billion in a little more than a decade without determination.

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  3. Dear Folks;

    I am at a loss to understand why BC H customers are not smoking mad.. BC Law requires all Crown corporations to prepare and deliver an Annual Report every year yet starting in 2016 BC H stopped doing so and submitted a replacement report titled a “service plan”.

    So you might say what the hay but the difference is huge.

    An Annual Report requires a high standard of accountancy. A service plan, not so much.
    An Annual Report must be signed by the Directors , Senior Officers and the Minister of Energy.
    By signing these folks become legally liable for the contents of the Annual Report.

    By signing a “Service Plan” all the above people escape all legal liabilities.

    For those among us who think accountability is an important moral imperative, it is like having to live in a parallel universe.

    Cheers

    Liked by 1 person

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