Articles

BC Auditor General Finds BC Hydro's 'Prescribed' Accounting Unacceptable. October 26, 2017.

The Auditor General has added a new reason to qualify her opinion of the government's 2016/17 financial statements; the fact that the 'prescribed' accounting standards do not conform to the public sector accounting standards. Read more in Occasional Paper No. 44.

Read More →

What Would Ontario's Auditor General Make Of BC Hydro's 'Prescribed' Accounting Standard? October 22, 2017.

In a special report the Ontario Auditor General severely criticised that government's new regulatory deferal scheme; what would she make of the accounting practiced at BC Hydro to surpress the true cost of electricity?

Read More →

Ernst Young Options to Increase Auto Insurance Affordability. August 6, 2017.

This paper reviews the Ernst Young report's options to increase the affordability of auto insurance. It questions some of the proposed cost savings and recoomends the adoption of Saskatchewan's dual Basic model.

Read More →

Geenhouse Gas Emission Report Needs Context. July 12, 2017.

This report provides some context about the absolute change in GHG emissions from 2005 to 2015; suggesting that a more in-depth review is required.

Read More →

Impact of Massive Hydroelectric Infrastructure Projects on Rates. July 5, 2017.

Occasional paper No. 34 reviews the likely impact of three major hydroelectric infrastructure projects on electricity rates.

Read More →

Options for Financing Site C. June 24, 2017

What impact will the Site C project, whether it proceeds or is cancelled, have on BC Hydro's operating budget, and what are the options to pay for it? Occasional Paper No. 33 provides a high-level look at these questions.

Read More →

Ontario Electricity Rate Suppression Plan. May 27, 2017.

This paper reviews the recent report of the Ontario Financial Accountability Office on that government's plan to use a deferral account to surpress electricity rates. A comparison to the revenue deferral practiced by BC Hydro is also provided.

Read More →

Party Platforms Impact on BC Hydro and ICBC. April 14, 2016.

This paper attempts to summarize the election platforms of the three main parties, and what they say or imply about BC Hydro and ICBC.

Read More →

ICBC's Worsening Finances Require Government Action. March 24, 2017.

The new provincial government must make the restoration of ICBC's financial health a priority, as capital reserves are now below the regulatory minimums,and rake shock looms.

Read More →

Government Uses BC Hydro and ICBC to Lower Direct Debt. February 19, 2017.

In the last five years, the government has taken some $1.95 billion in dividends from BC Hydro, or "excess' capital from ICBC, to reduce its direct operating debt requirement. Occasional Paper No. 22 explains how this happened.

Read More →

Government Creates Unique Accounting System for BC Hydro. January 30, 2017.

This paper describes how an obscure 2011 cabinet directive allows BC Hydro to apply regulatory accounting without the fundamental componet -- an independent regulator.

Read More →

How Ontario and BC Subsidize Electricity Rates. 13 September 2016.

A comparison of how the governments of Ontario and BC subsidize electricity rates.

Read More →

Is The BC Utilities Commission Independent? (Revised) September 15, 2017.

A summary of how the BC government has stripped the BC Utilities Commission of its authority to set rates for BC Hydro and compulsory auto insurance.

Read More →

Accounting Rules Over-state Government Revenue on Actual Cash Basis 21 September 2016

Canadian public sector accounting rules treat the net income of self-supporting Crown corporations provincial revenue, even though the actual cash transferred can be significantly less, or zero. 21 September 2016

Read More →