Articles

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.

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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.

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Manitoba Hydro Planning a Five-Year 46% Rate Increase -- Lessons for BC? June 2, 2017.

In May, Manitoba Hydro requested a rate increase of 7.9% for 2017 and 2018, with an indication of the same increase for the following three years. The publicly owned power utility is facing a major deterioration inits finances due to major capital projects and a flat demand. What lessons may a new government in BC learn from the Manitoba experience?

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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.

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Cold and Snowy Winter Helps BC Hydro - Hammers ICBC. March 19, 2017.

A review of the financial impacts of the cold and snowy winter on the finances of BC Hydro and ICBC.

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How Realistic is BC Hydro's 10-Year Plan? March 12, 2017.

This paper suggests that BC Hydro's annual target rate increase of 2.6% is optimistic, as is the 10-year financial plan.

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How BC Hydro Produces Record profits Despite Flat Demand. March 2, 2017.

This paper explores BC Hydro's flat domestic sales and its high profits during the last five years, and suggests that the recording of future ubapproved and unbilled revenue helps explain the healthy bottom line.

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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.

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BC Hydro's Growing Pension Liability. January 14, 2017.

Richard McCandless wonders why BC Hydro has a large and growing pension liability; deferral accounting may provide a reason.

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Under-Reported BC Hydro Financial Stories from 2016. January 9, 2017.

Richard McCandless posts Occasional Paper No. 19 on some 2016 stories about BC Hydro's finances that were either under-reported, or recieved no media coverage.

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The Cost of Surplus IPP Power 6 October 2016

An attempt to estimate the net cost to BC Hydro by purchasing power from independant power producers. 6 October 2016.

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Is BC Hydro Acting More Like a Commercial Power Utility? 15 August 2016

Comparing BC Hydro's finances with other power utilities. 15 August 2016.

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How Much Do Electricity Consumers Owe BC Hydro? 29 July 2016

Deferral accounting assumes that cost over-runs are loans to customers; how much do we owe BC Hydro? 29 July 2016. 

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