Repeated here is something I wrote about BC Hydro in early 2017 for The Common Sense Canadian, an online journal covering Canada’s economy and environment. The site was co-founded by Damien Gillis and the late Rafe Mair and ran for a decade. It remains a worthwhile archive of several thousand stories. A few statements are revised to reflect current information.

Years ago, Rafe Mair wrote that W.A.C. Bennett, if he were alive in 2009, would have been a member of the NDP, in those days a party firmly positioned on the left. Although he railed theatrically against socialists throughout his political career, Bennett knew that public ownership of near-monopolies was sensible…

In 2018, BC Hydro began discouraging the production of solar power in British Columbia. The crown corporation had allowed customers with PV panels a two-way connection to the grid. When consumers fed surplus electricity to the utility, credits were recorded. If credits were not used to buy electricity from BC Hydro within a year, the utility would pay homeowners a price roughly equal to the average rate paid to independent power producers, or about one-half what Site C power will cost if it goes into service in 2025…

So, who has been responsible for strategic misrepresentation that has damaged BC Hydro? Responsible Ministers and MLAs are driven by love of megaprojects, but they may also have experienced the Dunning-Kruger effect. They were educated by deceptive executives and experts who expected to earn material sums as BC Hydro expanded. The latter group has been successful, perhaps beyond their own expectations.

Today, charts about BC Hydro showing information that ought to alarm citizens of British Columbia. It will not of course, because corporate media does not bother to report meaningful data about the province’s largest crown corporation. Despite their continuous claims that demand was growing by 40 percent over 20 years, the company’s own sales records show that demand was slowly growing until 2005 and since then has been stable. But that fact did not prevent the utility from amping up their spending machine…

Economist Erik Andersen emails an informal newsletter offering opinions, sometimes about how organizations and individuals use political influence to extract wealth from the public. He gave an example that was bad by itself but set the stage for secret private power contracts worth more than $60 billion despite expansion of the BC Hydro’s own generating capacity and a decade and a half of flat demand by consumers…

BC Hydro recently released its first quarter results for the fiscal year ending March 2024. The report covered three months in 2023: April, May and June. It is worth looking at the changes at British Columbia’s public utility since June 2007.