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

Finning To Cut Up To 500 Additional Jobs In 2016, On Top Of 2015 Downsizing

Canada's largest Caterpillar heavy equipment dealer says it will cut 400 to 500 jobs from its global operations this year, on top of 1,900 that were announced last year in two separate rounds of downsizing.

Finning To Cut Up To 500 Additional Jobs In 2016, On Top Of 2015 Downsizing

Trans Mountain Criticizes Interveners In Reply Argument To National Energy Board

The company hoping to twin its pipeline between Alberta and B.C. claims some interveners broke the National Energy Board's rules when they presented oral arguments at recent hearings on the proposed expansion.

Trans Mountain Criticizes Interveners In Reply Argument To National Energy Board

Supreme Court Agrees To Hear Case On Search Injunction Against Google

The Supreme Court of Canada will hear Google's appeal of a British Columbia injunction ordering the Internet titan to stop linking to a company that's being sued for trademark infringement.

Supreme Court Agrees To Hear Case On Search Injunction Against Google

Liberals, Opposition Square Off Over Retooled ISIL Mission As Airstrikes End

The end to combat missions comes just days ahead of the Feb. 22 deadline set by the Liberal government when it announced the re-tooled mission last week

Liberals, Opposition Square Off Over Retooled ISIL Mission As Airstrikes End

Panasonic Decides To Recognize Employee's Same-Sex Marriages

Panasonic Corp. said Thursday it will recognize same-sex marriages in its employment policies in a rare move for a major Japanese manufacturer.

Panasonic Decides To Recognize Employee's Same-Sex Marriages

Study Finds Testosterone Gel Is No Fountain Of Youth

A landmark study suggests that testosterone treatment is no fountain of youth, finding mostly modest improvement in the sex lives, walking strength and mood of a select group of older men.