BC government is reluctant to reveal information about BC Hydro’s Site C project but news that does emerge is useful to knowledgeable analysts…
BC Hydro: your primary role is NOT asset builder
We know Gordon Campbell crafted a story that people in BC should have enough domestic generation capacity to cover the most extreme shortage of water we could imagine. Like any unethical insurance salesman he consciously omitted telling the public what certainty of supply in a highly unlikely year would cost.
CBC offered “pure propaganda”
If one looks at economic disasters of the past, one thing is certain. Warning signs were obvious to people who paid close attention but were ignored by the rest. You can be sure that Erik Andersen’s concern arises from paying attention to rising debt levels and how the ordinary public will ultimately be left with an unaffordable burden.
From Erik Andersen
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…
Site C – Uncertain costs, ambiguous benefits
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 […]
BC Hydro deliberately failing to notice changes in our world
BC Hydro and their consultants have not moved up the learning curve despite being wrong year after year for more than 12 years and sadly the BCUC has let them ride on this way. The consequence of being deliberately wrong for 12/15 years is the condition we now have. Residential and small business rates up +70% with no increase in demand. We also have new contractual debts of plus $60 billion to IPPs…
To count or not to count…
Recently, economist Erik Andersen circulated a paper discussing government liabilities and the games played by governments to disguise unconscionable growth of debt during non-recessionary times. I’ve expanded Erik’s words and we hope the following discussion will be understandable and helpful.
Looting W.A.C. Bennett’s legacy
Opponents of Liberal power policy assume that, beyond grabbing the profits to be made flipping IPP contracts, Liberal operatives aimed to cripple BC Hydro to make its privatization palatable. The guiding parties decided they could gain more another way. There was no need to privatize Hydro’s assets and liabilities. Instead, they privatized its profits and left Hydro and the public with all the financial risks…
Appearance of profit, when there is none
BC Hydro has been announcing profits each year and that enables it to pay a dividend to the province, although it has to borrow the money to make the transfer. I argue […]
Erik Andersen on BC Hydro debt
This devastating information from Erik Andersen, an economist and widely recognized expert on government and Crown Corporation financing: You will note the unbelievable increase in BC Hydro’s debt since Christy Clark took […]
Can we talk about fast ferries instead?
From a presentation by renowned columnist Erik Andersen on CBC: …After BC Hydro made all the IPP contracts Premier Campbell found that California did not consider “run of river” generation green. Not […]
Evidence of corruption mounts
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 nonexistent. I suggest […]
Get out your handkerchief – and your wallet
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 […]