Category: BC Hydro

North American Megadam Resistance Alliance

Before forming the Horgan Government in 2017, BC NDP was a frequent critic of how BC Liberals managed BC Hydro, our largest and most important crown corporation. NDP promised radical improvements. Those promises were empty. The only substantive changes were the appointment of Chair Ken Peterson and multi-billion dollar increases in capital spending.

Energy policy undermined by special interests

Difficulty justifying billions of dollars spent to meet a need that has not existed is no real problem for people who benefit from the expenditures. After years of arguing falsely that more electricity has been needed to serve population growth, now they contend that vastly more capacity is required for electric vehicles…

Good advice ignored

More than ten years ago, economist Erik Andersen and famed commentator Rafe Mair warned that BC Liberals had planted seeds of destruction in the bowels of BC Hydro. Indeed, the seeds germinated, spread invasively and debilitated the once proud utility. Citing five vectors, Andersen concluded the financial position of BC Hydro was headed dangerously downward…

Errors and alternatives

Three years ago, John Horgan’s Government promised the $10.7 billion budget for Site C would be firm, final and effectively managed. Three years before that, Liberal Energy Minister Bill Bennett provided assurance that the $7.9 billion dam budget had been fully reviewed by the world’s top experts. With an overly generous contingency, he said It was final, with nothing left to chance.

In 2020, BC Hydro admits it is uncertain how the dam can be made safe from catastrophe. Consequently, the amount of money needed to complete Site is unknown…

Site C losses will be massive

With domestic demand in 2020 below that of 2005, the lies of BC Hydro’s spin doctors about demand growth are exposed by the company’s audited sales numbers. Site C power seems promised to natural gas producers and processors at less than 6¢ per KWh, which would result in operating losses at Site C approaching $500 million a year. Those could double if BC’s surplus power is dumped in export markets that are taking advantage of low-cost solar and wind power. With certainty of billions to be lost by completing Site C, the obvious choice is to suspend the project immediately. It would be the least-cost option…

Private profits but public risks – Updated

Commercialization of small-scale nuclear power has turned out to be far more difficult than investors expected a decade ago. Even one of the world’s richest entrepreneurs cannot finance a multi-billion-dollar program with an uncertain future. Nuclear may play a role in the 2030s but solar, wind and geothermal are viable power sources today…

Simple facts about BC Hydro

Despite flat electricity demand since 2005, BC Hydro increased dollar value of IPP purchases by 185%, added 17% to its own generating capacity and bumped total assets from 12 to 38 billion dollars and is spending 15+ billion more on capital expenditures…

Billions lost – bad luck, incompetence or fraud?

Electricity ratepayers, mostly residents and small to medium sized businesses, suffer because of failures by politicians and major media. The public was badly informed and that has enabled losses that will ultimately measure in the tens of billions of dollars. This should be British Columbia’s largest ever political scandal but the people responsible for it will never be held to account. On the contrary, the scoundrels have departed or will one day retire in unsullied comfort…

Fighting climate change with slash and burn

Right now they’re destroying two amazing landmarks on the river, tall rock pillars called “The Gates” in an attempt to cut a channel of the river off and use the rock for their mad earthworks. We hear that even locals who support the dam are becoming restive when they see the profligate throwing around of money and environmental destruction…