Close X
Saturday, March 1, 2025
ADVT 
National

BC Hydro Deferral Accounts At $5.5 Billion, Says Rate Review By Auditor General

Darpan News Desk The Canadian Press, 06 Feb, 2019 08:26 PM
  • BC Hydro Deferral Accounts At $5.5 Billion, Says Rate Review By Auditor General

VICTORIA — Auditor general Carol Bellringer says BC Hydro has deferred $5.5 billion in expenses that it plans to recover from ratepayers over time.


Bellringer focuses on the deferred expenses in a report on the public utility's use of rate-regulated accounting to control the prices it charges customers.


She says rate-regulated accounting is used widely across North America, but cautions that Hydro has largely overridden the role of the independent B.C. Utilities Commission to regulate rates.


Last June, the B.C. government launched a two-phase review of BC Hydro to find cost savings and look at the direction of the Crown utility.


The review came shortly after a planned government rate freeze was overturned by the utilities commission, which resulted in a three per cent rate increase in April 2018.


A statement by BC Hydro and the government says a key objective of the review due this month is to enhance the regulatory oversight of the commission.

MORE National ARTICLES

Jason Kenney Accuser Declines To Specify Which Housing Rules He Says Kenney Broke

A lawyer accusing Alberta United Conservative Leader Jason Kenney of breaking parliamentary residency rules while serving as an MP is declining to explain which regulation he believes Kenney broke or how he broke it.

Jason Kenney Accuser Declines To Specify Which Housing Rules He Says Kenney Broke

AG Hopes Federal Election Won't Get In Way Of Ottawa Co-Operating With B.C.

AG Hopes Federal Election Won't Get In Way Of Ottawa Co-Operating With B.C.
British Columbia's attorney general says he's hoping a federal election campaign won't get in the way of Ottawa fully co-operating with the province to deal with serious money-laundering issues.

AG Hopes Federal Election Won't Get In Way Of Ottawa Co-Operating With B.C.

2018 Surrey Crime Statistics Released: Overall Crime Down, Violent Crime Remains The Same

2018 Surrey Crime Statistics Released: Overall Crime Down, Violent Crime Remains The Same
The Surrey RCMP has released the fourth quarter (Q4) crime statistics for 2018, which also includes the statistics for the full year. Overall, crime in Surrey decreased by 4% in 2018.

2018 Surrey Crime Statistics Released: Overall Crime Down, Violent Crime Remains The Same

Paramedics Say 14 Students In Stable Condition After School Bus Crash In B.C.

Paramedics Say 14 Students In Stable Condition After School Bus Crash In B.C.
Spokeswoman Shannon Miller says emergency responders received a report of the crash at about 3:15 p.m. this afternoon.

Paramedics Say 14 Students In Stable Condition After School Bus Crash In B.C.

$7.5M, 5-Year Federal Program To Help Surrey, B.C., Divert Youth From Gang Life

SURREY, B.C. — The federal government has announced $7.5 million in funding to help the City of Surrey fight criminal gangs.

$7.5M, 5-Year Federal Program To Help Surrey, B.C., Divert Youth From Gang Life

Gautam Gambhir Laments State Of Affairs In Delhi. AAP Asks Him To Do A Surprise Check – READ

Gautam Gambhir expressing his views and thoughts on Twitter is something Twitterati have witnessed over the past few years.

Gautam Gambhir Laments State Of Affairs In Delhi. AAP Asks Him To Do A Surprise Check – READ