B.C. Hydro doing good job managing billions in capital assets, says auditor

site c

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.

 

Related News

solar panel worker

Avista Commissions Largest Solar Array in Washington

SPOKANE - Official commissioning of the Adams Nielson solar array located in Lind, WA occurred today. The 28 Megawatt DC array is comprised of 81,700 panels that span 200 acres and generates enough electricity to supply the equivalent of approximately 4,000 homes annually.

“Avista’s interest in the development of Solar Select, a voluntary commercial solar program, is consistent with the Company’s ongoing commitment to provide customers with renewable energy choices at reasonable cost,” said Dennis Vermillion, president, Avista Corporation. “In recent years, an increasing number of Avista customers have expressed their expectations and challenges in acquiring renewable energy. Avista is pleased…

READ MORE
edmonton electric buses

Edmonton's 1st electric bus hits city streets

READ MORE

georgia power

City officials take clean energy message to Georgia Power, PSC

READ MORE

Quebec shatters record for electricity consumption once again

READ MORE

andrea horwath

An NDP government would make hydro public again, end off-peak pricing, Horwath says in Sudbury

READ MORE