Tag: BC Utilities Commission BCUC

Never retreat, never retract…

BC Hydro suffers a lack of managerial competence, contempt for fiduciary responsibilities, a disregard for present day energy realities and, perhaps most important, a failure of vision. The first exists because Government turned the company into a politicized utility, with senior managers and board members selected for Liberal Party loyalty, not for competence. As a result, BC Hydro dares not plot a new course with even a hint that recent energy policies have been a grand mistake.

Careless or captured?

Despite deep cynicism about journalists backing BC Liberals, I had long held respect for the writing of Vaughn Palmer. My reservoir of appreciation has now run dry. He has been bright, skilled and articulate, usually worth reading throughout 35+ years with the Vancouver Sun. Now, I don’t know. Is he distracted, overburdened, grown careless or captured by his subjects?

Hydro’s deferred costs 20x typical

Citizens should be astonished by Richard McCandless’ statement that BC Hydro’s “net income is almost fully insulated from the vagaries of actual revenue and expenditures.” Indeed, the utility books revenues not received or owing to it and treats incurred expenses as if they are assets.