I’ve been reviewing more than 20 years of BC Hydro records and they show gradual growth in electrical demand until 2005. Subsequently, there has been no demand growth; in 2015, domestic power sales were lower than ten years before. What did grow were Hydro’s purchases of electricity from independent power producers. In calendar year 2006, 5,636 GWh supplied by IPPs cost $368 million (6.5¢/KWh); in 2015, 14,418 GWh cost Hydro $1,217 million (8.4¢/KWh).
A 155% increase in the volume of IPP purchases is alarming by itself given the lack of need for it but the average unit price has been rising steadily. In the 4th quarter of 2015, IPP unit prices were 9.2% higher than the preceding quarter. To accommodate power coming into the system, BC Hydro had to choose between shutting down their own capacity or dumping power in markets outside BC at well below cost…
The final item may present a clue to the current state of British Columbia’s energy market. It’s hard to believe we came to this only through the sheer stupidity of our policy makers.
Columnist Vaughn Palmer reports concerns expressed by Moody’s Investors Service about growing BC Hydro debt. The agency stated the obvious, which is that numerous capital projects are adding billions to the public utility’s debt and higher electricity rates or contributions from government are necessary. Palmer repeats Moody’s judgement that Hydro’s financial metrics “are among the weakest of Canadian provincial utilities.” However, the Vancouver Sun pundit provides an inaccurate explanation of why the situation exists…
I published the following piece about two years ago. It came to mind after I noticed Black Press writer Tom Fletcher claiming on Twitter that the Shawnigan toxic waste dump on a […]
February 13, 2013, three months before her first general election as Premier, Christy Clark announced: …the new British Columbia Prosperity Fund to ensure communities, First Nations and all British Columbians benefit from […]
Writing in Salon, maverick journalist Glenn Greenwald criticized news reporting that follows the stenographic model. It involves repeating what people say without any effort to judge the truthfulness of statements or the […]
It’s now a year since Bill Good departed from his morning place at CKNW. His absence has been bad news for scribblers in the nether regions of the internet since it means […]
British Columbia’s June sale of oil and gas rights brought the 2015 six month total to $7.1 million. The monthly average for this calendar year is the lowest in 38 years reported […]
The eastern media had much to say recently about conflicted journalists. On the west coast, even CKNW’s Sean Leslie, a newsman who knows the subject, weighed in on Evan Solomon’s difficulties at […]
Liberal pals in corporate media can be counted on to repeat socialist disaster myths from the nineties but they go strangely silent when BC Liberals promote foreign owned socialist enterprises. They are hostile to public enterprise when the owner is British Columbia but BC Liberals show unbounded enthusiasm for investing borrowed money in ventures owned by undemocratic and corrupt foreign governments. That might make sense if there was to be a certain flow of significant economic benefits and a commitment to clean renewable energy. Perhaps it is because Premier Clark and Minister Coleman prefer deeds done in the shadows, particularly if the shadows are overseas.
I was reminded of this item from July 2014 after hearing Michael Campbell’s latest rant on CKNW. He suggested too little attention had been paid to inappropriate spending at the Portland Hotel Society […]
REPLAY, first posted Sept.15, 2011 This piece below from months ago came to mind when I thought about certain prominent reporters who are travelling this week. According to Bill Good, it’s their […]
Following the passing of Alberta’s Conservative party, Macleans writer Colby Cosh described a drawn-out illness that made the result inevitable. Followers of British Columbia politics will recognize symptoms also found west of […]
A spy in the Prince Rupert region provided information that would probably surprise the unscholarly urban dwellers at the Koch brothers’ favourite Canadian policy institution: Fraser institute identifies Conrad Elementary as […]
Truncated review processes that assume government should trust and work hand-in-hand with mining proponents, even ones proven to be callous toward civil responsibilities, are certain to result in more ecological mishaps.
Two days ago, retired journalist and TV newsman Harvey Oberfeld headlined, “Bell Media President Brings Shame to CTV.” Today, the company reacted to disclosures Bell Media President Kevin Crull interfered with news […]
Glenn Greenwald: A key purpose of journalism is to provide an adversarial check on those who wield the greatest power by shining a light on what they do in the dark, and […]
This week we learned that Ron Giesbrect has been re-elected as Chief of the Kiwkwetlem band. The following was first published here October 8, 2014——————–My initial reaction to reports of compensation paid […]
What Makes Mainstream Media Mainstream, Noam Chomsky, Z Magazine, October, 1997 Part of the reason why I write about the media is because I am interested in the whole intellectual culture, and […]
RossK writes about the Pro-Media Club and its implicit rulebook, which includes a requirement that no one reprove a colleague, even if overstatements and misrepresentations morph into purposeful lies. The blog world […]