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A bit out of date but this item first published in January 2015 is worth repeating.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 […]
Locking BC Hydro into decades-long contracts (as much as 60 years) was a colossal mistake that ignored the likelihood of technological change. The cost of utility scale solar and wind power has dropped dramatically in recent years. As a result, BC Hydro will be paying tens of billions of dollars extra to private producers enjoying inflation protected prices far higher than alternative options.
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…
Site C Dam: Food for Thought from Peace Valley Environment Assoc. on Vimeo. Produced by Damien Gillis of The Common Sense Canadian.
By numerous measures — lower job and GDP creation, fewer public services and rapid expansion of public debt — BC Liberals are colossal failures. Most BC residents are unaware because the major […]
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.
Make your submissions directly to Garry Alexander, Executive Project Director, Environmental Assessment Office, since they don’t seem to have reopened the project to public comments although they’ve provided additional time for the […]
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 […]
Please read through the following article. It’s lengthy but the Environmental Review is the last chance to stop a large, potentially destructive project about 50 miles from Vancouver. It should not proceed. […]
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.
Economist Erik Andersen, writing at The Common Sense Canadian, contemplates why BC Hydro “indulged in its aggressive contracting with Independent Power Producers in BC when domestic demand increases are non-existant.” I suggest […]
GOVERNMENT ENERGY POLICY AND ELECTRICITY GENERATION COSTS A. Dix: My question is to the Minister of Energy. The government’s energy policy has stripped away B.C. Hydro’s ability to capitalize on the high […]
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.
Liberals have been bulldozing barriers and slashing red tape for more than a decade. Who can forget: “Red Tape Reduction Task Force” of 2001 to recommend priorities for the elimination of regulations […]
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 […]
I left this comment at Ian Reid’s article about Vaughn Palmer but the audio link does not work within comments, so I repeat the comment intended to follow Ian’s item at The […]