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.
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Andrew Phillip Chernoff 