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Tag Archive 'BC Hydro'

I start this exercise with a couple of general comments. The detailed information available on the “progress” of BC Hydro since the Liberals took over in 2001 would be very difficult to pull together if we were left to government confessions of error or sleuthing by the NDP opposition. In fact, in this regard, the […]

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Who Killed BC Hydro?

This is the story of the death of our province’s once greatest institution, BC Hydro. Though the public power utility began its life under Socred Premier WAC Bennett in 1961, the story of its demise starts circa 2001, under the newly-minted Liberal administration of Gordon Campbell. Today, this once thriving institution is de facto bankrupt, without counting the […]

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Folks, the wheels are coming off the BC Government’s 2002 Energy policy, which forbade BC Hydro from creating new power (Site C Dam being exempted). Energy Minister Bill Bennett has cancelled 10 Independent Power Projects (IPPs), with plans to defer delivery on up to another 9. This is a major vindication for all of us […]

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BC Hydro’s Darkening Future

How BC Liberals are shutting off our province’s energy options. “O what a tangled web we weave, when first we practice to deceive.” Sir Walter Scott said a mouthful! We British Columbians are the ongoing and apparently disinterested victims of a world-class deception and it has gone on since 2002 when Gordon Campbell announced British […]

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It’s rather like a pregnancy – you can only keep it a secret for so long. Thus it is with BC Hydro’s bankruptcy. We recently learned that BC Hydro spends 50% of its power purchases on power bought, on a take-or-pay basis, from Independent Power Producers (IPPs) yet only gets 16% of its power from […]

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My colleague Damien Gillis’s recent speech in Kelowna (see below) must be required reading if one is to comprehend what is going to happen to BC Hydro. Hydro was created out of the fertile mind of WAC Bennett when, in 1961, his government bought out The BC Electric Railway Company. The purpose of this gigantic […]

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We are getting barrow after barrow of barnyard droppings dumped on our laps and we should know it. Premier Clark promised us huge LNG (Liquefied Natural Gas) revenues in a few years. We would be debt free and have $100 BILLION in the to be created “Prosperity Fund”.  That was at the start of the […]

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Over the years I have done blogs, editorials and the like unto the thousands. This is the all time shortest. Within the next four years, BC Hydro, once as good a power utility as there  was in the world, will be broken up. It is, you see, presently bankrupt by private corporation standards, and only […]

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I was recently asked by a reader what it is I want, presumably in the way of government. I’m not so naïve as to think I’ll ever be satisfied, but neither is anyone else. Unless we’re members of a party or one of its cheerleaders we understand that human institutions will contain the human frailties […]

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The famous bordello keeper of the 20s, Texas Guinan, used to greet her “guests” with, “Hello suckers!” Texas Guinan has her presence today in the form of BC’s Finance Minister Mike de Jong. First we must understand some underlying facts about BC finances. A balanced budget – your style and mine – has us forecasting […]

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