BC Hydro – destruction in progress – In-Sights

By on July 30, 2016

In 2001, for each dollar of assets, BC Hydro had 63¢ in electricity sales. In 2016, the number fell to 17¢.

In 2005, BC Hydro sold more electricity to residential, commercial and industrial customers in BC than the utility did in 2016 and it did that with assets worth 40% of today’s value.

Shockingly, the company is embarked on a program of capital expenditure that will add about $15 billion to its list of assets.

By any measure, the management of BC Hydro has been a colossal failure, incompetence made worse by flawed policy objectives.

For more on this news story, follow the link:

BC Hydro – destruction in progress

Source: BC Hydro – destruction in progress – In-Sights

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s