National

As B.C. Hydro Reworks Estimates, Utility Seeks 4 Per Cent Interim Rate Hike

The Canadian Press, 26 Feb, 2016 12:40 PM

VANCOUVER — BC Hydro is calling for an interim, one-year rate increase of four per cent, adding about $4 a month to residential power bills.

Hydro President and CEO Jessica McDonald made the announcement while offering an update on how the Crown utility delivers its 10-year rates plan.

McDonald says the four per cent increase is included in the 10-year plan.

Hydro has applied to the B.C. Utilities Commission for the hike as it crunches numbers after the provincial government deferred hydro increases for B.C.'s mining sector.

McDonald says Hydro originally planned to submit a three-year application for rate increases of three to five per cent, but that request will be delayed for several months.

Hydro says it has to invest an average of $2.4 billion a year in the province's aging electricity system, upgrading facilities built in the 1960s, 70s and 80s.

Prev Next

MORE National ARTICLES

Saskatchewan Says Refugees Taxing Resources, But No Need To Delay Arrivals

REGINA — Saskatchewan Immigration Minister Jeremy Harrison says the arrival of nearly 600 refugees over the last couple of months is taxing resources.

Saskatchewan Says Refugees Taxing Resources, But No Need To Delay Arrivals

Vancouver Liable For Woman's Jail Treatment, But Restraint Device 'Justified'

Provincial Court Judge Laura Bakan ruled that although the use of the hobble was justified to monitor O'Shea's safety, the situation shouldn't have escalated to the point where it was needed.

Vancouver Liable For Woman's Jail Treatment, But Restraint Device 'Justified'

BC Hydro Seeks Injunction Against Site C Dam Protesters In Province's North

A months-long dispute is heating up between BC Hydro and a small group of First Nations and landowners who are protesting the construction of the $9-billion Site C dam.

BC Hydro Seeks Injunction Against Site C Dam Protesters In Province's North

B.C.'s First Coastal Cable Ferry To Begin Carrying Passengers, Cars, On Friday

So-called soft sailings start Friday as the $15-million Baynes Sound Connector carries some cars and passengers while the soon-to-be retired Quinitsa handles the rest of the regularly scheduled sailings.