
A letter republished with permission of the BC Hydro Ratepayers Association.
Dear Premier Horgan…
A letter republished with permission of the BC Hydro Ratepayers Association.
Dear Premier Horgan…
Before John Horgan was sworn in as Premier, BC NDP promoted a wise alternative to construction of Site C, a dam that would cost many billions of dollars and had no certain customers for electricity generated. “Clean energy and energy conservation technology will increasingly power our economy and drive the jobs of the future. A major energy efficiency retrofit program for B.C. just makes sense. And retrofits will create meaningful skilled employment and apprenticeship opportunities for British Columbians across the province, while reducing greenhouse gas emissions.”
The Horgan Government indicated it will conduct a review of private power purchases but lifting contract secrecy is the one thing that could be done immediately. It is inconceivable that IPPs could prove damages from publication of contracts since the business terms are widely known throughout the industry. Secrecy only exists to protect politicians and utility executives from being accountable for massive financial mistakes.
Because many traditional news sources have been sidetracked by political, commercial and personal interests, acquiring accurate information is now more time-consuming. People with other priorities are vulnerable to lies of commission and lies of omission. Postmedia’s obfuscating political reporters are experienced practitioners of new style journalism.
I made reference to BC Legislative Press Gallery members producing commissioned articles. These are public relations pieces intended to serve particular needs of government or entities doing business with government. It is the kind of output that will ultimately be replaced by automated journalism. Mike Smyth’s recent Province column provides an example… Were Smyth not shilling for private producers, he could be a champion of reducing power consumption through increased energy efficiency. However, there are no industry or environmental groups in BC with sufficient funds to push conservation as a serious alternative to generating more power, whether by hydro, wind, solar, tidal, geothermal or any other technology.
Flat demand by BC’s residential and business consumers has not stopped BC Hydro from doling out increasing sums to independent power producers and spending lavishly on new assets. Because of flat sales and excess supply, it appears BC Hydro has had to reduce production from its own power generators.
Readers may tire of reports on BC Hydro but the more I examine this public utility, the more convinced I am that citizens of BC are victims of massive financial deception.
NDP Cabinet Minister David Eby admitted Site C is “…this terrible situation of a massive public infrastructure investment without any apparent customer for the electricity it will produce.”
Because our government lacks the wisdom or the nerve to change course, BC Hydro is a continuing financial disaster affecting every citizen of British Columbia.
When BC Liberals said the Site C completion budget was $7.9 billion, the cost of power from the project was stated to be $87 – $95 per megawatt-hour (MWh). Now, with the Site C budget up 26% to $10.7 billion, John Horgan’s NDP government claims the cost per MWh has fallen 32% to $60.
That the Ministry of Energy, Mines and Petroleum Resources took four months to offer a disingenuous response to my communication illustrates that little has changed since a new government was installed in July. It may also explain why policies contrary to the public interest are still being followed.
A BC Government “technical presentation” regarding its decision to continue construction of Site C is filled with misinformation, deceit and false justifications. If this is the quality of the advice taken by John Horgan’s cabinet on one rather important issue, we should be concerned about every other policy being considered. Apparently, if truths are inconvenient, Victoria still prefers deception.
I’m disappointed in the provincial government’s decision to continue Site C. It is not the choice I would have made, were I in a position of influence. However, I understand it. Financial issues […]
In private emails, a number of people with expert economic knowledge exchange ideas about energy in BC. I get copies of some. This example, written by respected and retired economist Erik Andersen, refers to electricity markets in BC…
Since 2006, BC Hydro added $20 billion to its assets and paid an additional $12 billion to independent power producers (IPPs). Yet BC Hydro sold less power to BC’s residential and buiness consumers of electricity in fiscal year 2016-2017 than in fiscal year 2005-2006.
By any measure, BC Hydro was a success. So successful that pirates made plans to plunder. BC Hydro was a decades old operation that delivered power to British Columbia’s residential and business consumers at prices that ranked among the lowest anywhere. Additionally, a steady flow of money moved from the utility to public treasuries. Since 1989, the crown corporation contributed about $20 billion in dividends, water rentals and grants in lieu of property taxes. With assistance of 21st century Liberal governments, politically connected corporations began treating BC Hydro as a machine for dispensing cash.
• In fiscal year 2006, BC Hydro sold more power to BC’s residential and business consumers than it sold in 2017. Efficiencies in how we use power provide the explanation. • In […]
Access to years of BC Hydro’s financial reports provide me with an indisputable record of the utility’s financial destruction. Eleven years ago, one citizen didn’t have detailed evidence but he did have foresight…
Most readers will be familiar with Erik Andersen, an expert commentator about economic matters in BC. This is the original text he submitted to the Vancouver Sun after the newspaper published an […]
Disputing parties in arguments about Site C belong to either of two camps. One is populated by people wanting a share of the billions of dollars to be spent; the other by people who will be forced to pay the huge sums.
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