Political interference dims BC Hydro
- Dec 22, 2017 3:39 pm GMT
Over their 16-year term, the BC Liberal government ran BC Hydro into the ground. The massive political interference has led to a financial and environmental devastation. With the province's credit rating at risk, it is time for serious reforms. Frankly, the provincial government must get out of the electricity business.
No private business would have ever made the imprudent political decisions the BC Liberals forced on BC Hydro. Examples includes the Northwest Transmission Line, the emphasis on run of the river private power contracts (generating power), and Site C in spite of LNG being a mere pipedream for years. While crown corporations are supposed to serve the public interest, the BC Liberals ran BC Hydro as a goody bag for donors (Such as
Based on the gross mismanagement by governments of all stripes, privatization or splitting BC Hydro in to smaller companies not owned by the provincial government is a matter of urgent importance. The problems with BC Hydro are not simply a list of bad deeds done by the BC Liberals. The NDP's freezing of rates (in the 1990s and now) and sweetheart deal with Union bosses at Site C shows that they cannot be trusted either.
In spite of fears raised about private utilities, Fortis BC generates and delivers affordable electricity to tens of thousands of British Columbians in the southern interior. For those opposed to for-profit ownership, municipal or cooperative utilities are an option widely used in
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