So BC Hydro plans to spend $57 billion over the next decade to meet what CEO Chris O’Riley and NDP Minister Josie Osborne say is a rapidly growing demand for electricity.
For years, the utility has claimed that electricity demand is increasing by 40 percent over 20 years. That rise is 1.8 percent annually compounded, equal to the rate of BC’s population growth in the last ten years. This month, BC Hydro raised its demand forecast growth by more than one-half. O’Riley now says demand will grow 15 percent before the end of the decade, an annual growth rate of 2.8 percent
BC Hydro’s actual sales numbers do not live up to the forecasts. This chart shows sales during the first quarter of 18 fiscal years.
Charts displayed here are made from BC Hydro’s financial information, both quarterly and annual reports. The population chart uses numbers from the provincial government.
Categories: BC Hydro
in-sights.ca 
Your readers might be interested in the following.
John Perkins wrote several books on the theme of “Confessions of an Economic Hitman”. He describes how he played a role in getting SA countries to over-borrow from US sources. The purpose was to destroy their solvency and then make them dependents of the US..
When you think back to North American Electric Reliability Corporation (NERC), this was the start of a takeover of Canadian Power Crowns, as NERC gave US interests control at the wholesale level of electricity generation in North America. This is a possible explanation for the discrepancy between BC record demand and debt/contractual obligations.
Cheers Erik
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Again, we see a complete lack of oversight of BC Hydro, by the provincial government. But in BC oversight is not in the politcal lexicon. Site C; the SkyTrain expansion and the North Shore sewerage scandals are just the tip of the iceberg.Then there is a complete lack of oversight of municipal projects, with politcans and bureaucrats believe the taxpayer has deep pockets.
The following comment is by an American Engineer who has much expertise in rail transit, commenting (shredding is a much more accurate term) on the the then Evergreen line business case:”In the US, all new transit projects that seek federal support are now subjected to scrutiny by a panel of transit peers, selected and monitored by the federal government, to ensure that projects are analysed honestly, and the taxpayer interests are protected. No SkyTrain project has ever passed this scrutiny in the US.”To date, what was going to be a $6.5 billion 5.7 km expansion project of the Millennium Line (Broadway subway) and a 27 km LRT line in surrey, has turned into a 15 billion plus, 21.7 km expansion of the Expo and Millennium Lines and absolutely zero interest by the provincial government for any oversight of TransLink!
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