Organization and Financial Performance
In 1980 the BC Government established the BC Utilities Commission (BCUC) to regulate public energy utilities and to act as an independent, quasi-judicial regulatory agency regarding energy rates. In 2003 the BC government passed several pieces of legislation to redefine and regulate power utilities in British Columbia. The Transmission Corporation Act created the British Columbia Transmission Corporation (BCTC) which plans, operates and maintains the transmission system owned by BC Hydro. The BC Hydro Public Power Legacy and Heritage Contract Act, while recognizing the value of low cost electricity produced by BC Hydro's existing "heritage assets," requires BC Hydro to meet the province's future needs for additional power through private developers and operators. These acts in conjunction with the government’s 2002 BC Energy Plan have allowed Independent Power Producers (IPPs) to sell power to BC Hydro, which is required by law to buy it from them even at a loss. In 2011 BC Hydro spent $567.4 million on electricity from IPPs. In 2013 those purchases will be $781.8 million in 2013 and $939.8 million in 2014.
Also in 2003, BC Hydro privatized the services provided by 1540 of its employees in its Customer Service, Westech IT Services, Network Computer Services, Human Resources, Financial Systems, Purchasing, and Building and Office Services groups. These services are now provided under contract by Accenture.
While BC Hydro initially looked at Site C on the Peace River near Fort St. John in the late 1950s, it wasn’t until 1982 that it submitted a Site C development project to the British Columbia Utilities Commission (BCUC). It was turned down by the BCUC at that time. Another attempt to revive it in the 1990s was blocked by environmental concerns. In 2004 the BC government's Energy Plan instructed BC Hydro to begin discussions with First Nations, the Province of Alberta and communities to discuss Site C as a future option. Local residents strongly oppose the project, which is seen to only benefit the Lower Mainland and US markets at great cost to the region and its economy and society, and have their hopes on blocking the project pinned on an environmental review due in 2011.
Read more about this topic: BC Hydro
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