BC Hydro

Douglas, Lewis, Broadbent, and Layton spinning in their graves?

The item below the separator was contributed by a reader who prefers to remain anonymous. His contribution has been lightly edited and the chart illustrating IPP prices was added..


Your article Clean Energy Solutions deserves much greater circulation — particularly the part about Eavor-Loop technology. As in geothermal.

Since March 11 when your article first appeared, ever-generous BC Hydro has presented us with a brand-new scandal… which no one in corporate media seems to have noticed.

After squandering a newly estimated $20 billion on the Site C fiasco, Hydro now intends to commit a further $15 billion to $20 billion to independent power producers (IPPs). As with earlier Calls for Power, we won’t know the details of these agreements. Each contract is secret.

This secrecy leaves us unable to explain anomalies such as the 12 percent increase in the price paid IPPs in the third quarter of FY 2024, compared to the third quarter of FY 2023.

In the 2024 request for private companies to sell electricity to BC Hydro, it is clear that wind power will be provide a material share. Remember, a short while ago, BC Hydro and other Site C proponents said clean renewables like wind and solar were undesirable in this province.

Let’s clarify the latest move by our public utility.

Hydro intends to privatize itself by handing over control and ownership of solar and wind power to companies not publicly accountable.

How bout that! The public facilitates construction of private energy at prices that have been far above market. It hands over profits in perpetuity to IPPs that are mainly owned outside the province. Instead of exporting electricity and importing cash, BC Hydro now exports cash for electricity created and consumed within the province.

Somehow, not only the boss of BC Hydro loves this concept but so does David Eby.

TC Douglas, David Lewis, Jack Layton, Ed Broadbent, I expect all are spinning in their graves.

Unless I’m looking in the wrong places, BC media can’t imagine anything wrong with this fabulous sweetheart deal. This month, S&P Global downgraded BC’s credit rating, blaming “continued fiscal weakening.” More downgrades will follow because S&P Global says the province’s financial position has a negative outlook.

Who is covering this story and its consequences? Meaning, who is analyzing this in-depth? No one in mainstream media.

Another curious part?

More than 60 years ago the state of California assessed risks and benefits and did something extraordinarily bright.

https://www.rawstory.com/dig-deep-u-s-bets-on-geothermal-to-become-renewable-powerhouse

The MNP scandal?

How is this considered reasonable?

People employed in the federal government > 300,000.

People employed in the BC government > 35,000.

Somehow, the huge bureaucracy could not find any employee or group of employees sufficiently competent to manage grants to private enterprises. If the government is unable to find projects that deserve support and able to audit and supervise the use of those funds, then it should resign.

The clear absence of anyone capable of managing a tiny proportion of the provincial budget forced the NDP government to outsource the job… to a company headquartered in Calgary.

As you point out, “After almost seven years, the BC NDP may be moving down their own road of self-destruction.

In an early rant about the Trudeau government, Rick Mercer observed that Canadians rarely elect people who can deliver good government.

Our ever-patient population waits until it’s time to turf out the clowns they’ve learned to despise, then content themselves that they’ve ushered in another set of clowns.


Why governments avoid transparency:

Agnogenesis: you can’t fight what you don’t know.

Categories: BC Hydro

5 replies »

  1. Why start having private corporations take over some parts of producing electricity.  They’re in it to make money, the people be dammed.  It could be the NDP wants to “play nice” with some of the private enterprise pirates to ensure return to office. it could also be, they need the money. Are these “contracts” being awarded to companies which pay for the rights to run these entities, if so, then I’d think that was the reason they’re going priivate. Their credit rating has been down graded, and business groups are making hay with it. The down graded provincial credit rating can also be apolitical move to help the new conservative party along.

    Given the cost of the dam dam, I’d suggest the government put a halt to the building and use the money to build some housing of all sorts, different types of housing for various types of mental illnesses and start spending money on kids so they are diagnosed the minute they hit kindergarten if not earlier. You can pay now or you can pay later, but later is always harder and more expensive. 

    If the government can build dams for billions they certainly can provide children with an adequate standard of living. People don’t just wake up one day and decide to become a drug addict or mentally ill. Usually it stems from either physical issues or the impact on their lives by society and other people. 

    Some times I do wonder how many people who become addicted to fent, etc. or just decided to take a drug which contained it, went to school in moldy modular units, how many didn’t have enough to eat, how many lived in families who were insecure when it came to housing and food. 

    All that money spent on a damn dam and now the government wants to hand over other sources of power to private business interests whose only interest is making large amounts of money.

    Do wonder, if the government turns the power creation over to private enterprise, what happens if those companies decide to sell it to Alberta or an American state. Given the droughts we have experienced and may still experience electricity created by dams may become too expensive or just not there. Corporations would be able to charge what ever they wanted for their sources of energy. 

    Perhaps its time for me to purchase some cute colourful wind turbines and make a design statement.

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    • It’s easy to explain.

      WAC Bennett recognized the private sector was unwilling to serve the province so he formed BC Hydro and constructed major publicly-owned hydropower projects. He wanted to ensure that citizens and industries benefited from low-cost power.

      BC Liberals and now BC NDP decided that allowing consumers to enjoy the lowest energy prices in North America was a waste. They wanted rich people to grow richer. They couldn’t privatize BC Hydro completely, so they chose to privatize its profits.

      We still have reasonable rates for electricity because of Bennett’s legacy projects. But rates have been growing steadily in the past two decades since BC Hydro has been buying power for 10 cents per KWh and selling it for 6 cents. Soon, the utility will be paying 20 cents or more per KWh for Site C electricity and selling it all at a loss. Those losses are hidden by the low-cost power coming from old dams.

      The IPP scheme has us paying far more than we should for electricity. Site C and the new call for private power will raise rates even further. Why should private companies outside BC be guaranteed profits without risk when BC Hydro could build its own wind farms with energy storage and minimize consumer costs.

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      • Always a but Norm. So is the link provided
        all Bull or is it true? Specifically “Quick
        facts” bullet numbers 1 and 2. If that is
        true is that not what consumers see and
        currently pay .. not what they will be paying
        of course when Site C becomes operational
        or the gross hydro mismanagement in play.

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        • Energy Minister Osborne put out this comment, ‘After considering a variety of options and looking at the long-term impacts, a modest rate increase is being put forward to the BCUC to keep increases below inflation and reduce bill volatility from year to year.’ I think that is a key to the relative bull-ishness of the release.
          The rate increases for Site C don’t start until after all the numbers are in and before the BCUC, and given Hydros penchant for hiding those numbers, this might take a while. In the meantime Hydro is getting as much as possible in advance of that date to reduce ‘volatility’ or a big rate increase.
          As if being barely below the inflation rate isn’t inflationary.

          Like

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