BC Hydro has been announcing profits each year and that enables it to pay a dividend to the province, although it has to borrow the money to make the transfer. I argue […]
Appearance of profit, when there is none
Erik Andersen on BC Hydro debt
This devastating information from Erik Andersen, an economist and widely recognized expert on government and Crown Corporation financing: You will note the unbelievable increase in BC Hydro’s debt since Christy Clark took […]
Takin’ care of business, part x
As consumers, we are told that Canadian retail prices must be set above American because the costs of operation are higher north of the 49th parallel. For that reason, cars manufactured in […]
Takin’ care of business
#BCHydro buys a GWh of power from IPPs at $91,380 and exports a GWh at $34,920. Save IPPs the bother and the loss. #bcpoli — Norm Farrell (@Norm_Farrell) March 12, 2016 //platform.twitter.com/widgets.js […]
Guaranteed injury to BC taxpayers
BC Hydro is in a quandary. Premier Clark’s Government requires the utility purchase increasing amounts from independent power producers. However, consumers of electricity, particularly residential and commercial users – the only ones […]
BC Hydro’s primary construction – fabricating falsehoods
Derrick Penner of the Vancouver Sun reported words from the Chief of BC Hydro’s nomenklatura : In December, [Jessica] McDonald heralded Site C as “essential to keeping the lights on…” “Fundamentally, (independent […]
Motorcycle Guy roars, we should listen
An item from January 2015 has grown in importance. These recently created graphs support assertions within the article: BC doesn’t need it, Alberta doesn’t want it, USA will pay a fraction […]
Time for action
A reader comment in a preceding article: We all have to be ‘shovel ready’ for the upcoming election and ‘Turf the Liberals’.There will be massive 1%er sponsored support and corporate funded advertorials […]
Today’s session with Ian Jessop, CFAX1070
The audio file below is a recording of my time on CFAX 1070 with Ian Jessop March 02, 2016. We talk of BC Hydro and deceitful government. . 2015, #BCHydro earned 1/5 […]
Pants on fire
Before the last election, Premier Clark justified BC Hydro rate increases as a “common sense decision” that would enable the private/public utility to pay off the billions in its deferred accounts. “People […]
Delusion and deception are complementary
The eyes of British Columbians should be on BC Hydro’s Site C project. It is a hydro facility not needed in a province that has had a decade of flat domestic demand […]
Forces of Know
Site C Is a Climate-Change Disaster, Says Suzuki, Mychaylo Prystupa, The Tyee, February 23, 2016: Flooding valuable farmland to build the Site C dam undermines Canada’s commitment to meet international climate-change targets, […]
Reader comment on BC Clean Energy Act
A regular reader provided this comment to the preceding article. Hugh explains that the capture of BC’s public utility by selfish profiteers was a carefully considered manoeuvre. In the end, it will […]
BC Hydro’s 3rd quarter FY 2016 report
According to BC Hydro’s report for the nine months ended December 31, 2015, domestic consumption of electricity is down 2.2% from the same period 10 years prior. That we’ve had stable domestic […]
Truth found in numbers, lies found in words
I am reading budget documents and will soon be writing more about the provincial government’s financial smoke and mirrors but I have initial comments. Natural Gas BC Liberals, particularly Premier Clark, are […]
BC Jobs Plan, less than full disclosure
I’m often critical of corporate media but there is still some sharp work being done, even by people outside the major urban centres of BC. Here’s an example: References to the Temporary […]
BC Liberals import teams of ethics investigators
BC Liberals to natural resource companies, “Actually, we’re the party of no. No, you don’t have to pay the public for natural resources and energy.” ADDENDUM: As reader motorcycleguy says in comments, […]
Why the rush to spend billions?
BC Hydro’s own sales records demonstrate Site C is not needed. Domestic consumption of electricity has been flat for more than a decade and technological efficiencies indicate we will need less power, […]
A reader comments
I’ve been reporting information taken from annual and quarterly reports of BC Hydro. There are important economic issues and billions of dollars at stake and the people who benefit from the way […]
Buy high, sell low
In the six months ended September 30, BC Hydro purchased 7,640 GWh of electricity from independent power producers. It paid $599 million, which is $78,400 per GWh. In the same period, BC […]
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