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.
Related News
Planning for Toronto?s Growing Electricity Needs
TORONTO - As Toronto's population and economy continue to expand, the demand for electricity in the city is also increasing rapidly. In response, the Ontario government, in partnership with the City of Toronto and various stakeholders, has launched an initiative to enhance the electricity infrastructure to meet future needs.
The Ontario Ministry of Energy and the City of Toronto are focusing on a multi-faceted approach that includes upgrades to existing power systems and the integration of renewable energy sources. This initiative is critical as Toronto looks towards a sustainable future, with projections indicating significant growth in both residential and commercial…
