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.
A bit out of date but this item first published in January 2015 is worth repeating. It shows something about the quality of political reporting in BC. January 2, an unidentified caller […]
In the three months ended December 31, 2015, BC Hydro BOUGHT 3,719 GWh from private electricity producers at an average price of $91,422 per GWh (total $340 million). In the same quarter, BC Hydro SOLD 3,493 GWh to heavy industry at an average price of $54,394 per GWh (total $190 million). Liberals claim themselves to be wise managers of public finances.
British Columbia’s government believes less in free enterprise than in assisted activities for approved associates. Entrepreneurs saw potential for a private power generation industry in the province but didn’t want to risk their own money. Instead, they arranged with the Liberal government for the public to accept all risks and guarantee substantial profits to the schemers…
How fortunate (sarcasm alert) that British Columbia had a government determined to spend big dollars to increase exports to American markets for electricity. Lucky too that Liberals had the full support of business leaders and a courageous corporate press willing to stand with the government and call out naysayers who thought it was a mistake to commit tens of billions more to insure private power producers against business risks.
From BC Hydro’s quarterly report for the period ended September 30, 2012: “As a result of the high inflows, the Company sold a significant volume of surplus energy in the six months […]
I’ve been examining audited financial statements of two favourite public enterprises: BC Hydro and PAVCO. I completed preliminary examination but a paucity of meaningful data makes that a difficult task for an […]
Read more HERE.
BC Liberals claim to be the “free enterprise” party of British Columbia but scams in play at BC Hydro are not examples of free enterprise. These are old fashion economic frauds committed […]
http://saveourrivers.tv/powerplay_player5.html Protect salmon habitat? Protect BC consumers? Protect BC taxpayers? No way. H/T John W.
Message from Gwen Barlee, one of this province’s most honourable preservationists: “The Kokish is a wild river on Vancouver Island that is home to Dolly Varden, cutthroat trout, 5 species of wild […]
“The time has come,” the Walrus said, “To talk of many things: Of shoes–and ships–and sealing-wax– Of cabbages–and kings– And why the sea is boiling hot– And whether pigs have wings.” Tzeporah […]
Small Hydro Power from Tom11 Films on Vimeo.
Rafe Mair likes to remind citizens that when preference for private power generation became BC Liberal policy, they talked about “Run-of-the-River” projects. The implication was that small, benign installations would be community […]
McInnes, Brown, Campbell Plutonic Power Corporation announced this morning it had agreed to merge with Magma Energy Corp. The exchange ratio represents a premium to Plutonic shareholders of 32% over Plutonic’s 20 day […]
BC Hydro is hitting consumers with three years of rate hikes to: pay for a $6 billion upgrade to aging infrastructure, or to meet an expected growing demand for electricity, or to […]
This is a question I directed in the last week to P. Kariya, Executive Director of the Independent Power Producers Association of BC, AKA Clean Energy BC. “Does your organization have a […]
In the preceding article, Motorcycle guy pointed us to the speakers schedule for a conference of the Independent Power Producers of BC, the savvy folks who changed their name to one that […]
IPPBC – Attendees by Company 2005 http://d1.scribdassets.com/ScribdViewer.swf?document_id=49158924&access_key=key-29r1tysn3ja8ke0mi6lv&page=1&viewMode=list Panel Schedule 091031 http://d1.scribdassets.com/ScribdViewer.swf?document_id=49230050&access_key=key-qjnf5gh3bngc6q0yvdy&page=1&viewMode=list
Gerry Hummel’s full size piece about this BC Liberal enrichment program may be seen at The Common Sense Canadian. While there, read BC Hydro Driving Rates Higher, the work of economist Erik […]