B.C. Hydro doing good job managing billions in capital assets, says auditor
VICTORIA -
A report by B.C.’s auditor-general says B.C. Hydro is doing a good job managing the province’s dams, generating stations and power lines.
Carol Bellringer says in the audit that B.C. Hydro’s assets are valued at more than $25 billion and even though some generating facilities are more than 85 years old they continue to operate near full-capacity.
The report says about 80 per cent of Hydro’s assets are dams, generators, power lines, poles, substations and transformers that are used to provide electrical service to B.C.
The audit says Hydro invested almost $2.5 billion to renew, repair or replace the assets it manages during the last fiscal year, ending March 31, 2018.
Bellringer’s audit doesn’t examine the $10.7 billion Site C dam project, which is currently under construction in northeast B.C. and not slated for completion until 2024.
She says the audit examined whether B.C. Hydro has the information, practices, processes and systems needed to support good asset management.
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Criminals posing as Toronto Hydro are sending out fraudulent messages
TORONTO - Toronto Hydro has sent out a notice that criminals posing as Toronto Hydro are sending out fraudulent texts, letters and emails.
The warning comes in a tweet, along with suggestions on how to protect yourself from fraud.
According to Toronto Hydro, fraudsters are contacting people by phone, text, email, fake electricity bills, and even travelling door-to-door.
They threaten to disconnect the power unless an immediate payment is made. The website states that in some cases, criminals request payment via pre-paid credit card or bitcoin.
It’s written on the website that Toronto Hydro does not accept these methods of payment, and they do…
