According to its annual reports, BC Hydro produced 53,334 GWh of hydroelectricity in 1997 from facilities with rated capacities of 9,746 MW. Total assets employed were $11 billion.

By comparison, the province’s utility produced 41,230 GWh (-23%) of hydroelectricity in 2015 from facilities with rated capacities of 11,379 MW (+17%). Total assets employed were $28 billion (+242%).

Comparing one year against another is an indicator, but not good evidence. So, I looked at 21 years, from 1995 to 2016. These charts reveal trends that are worse than troublesome.

After four decades of successful operation, BC Hydro changed drastically under Campbell/Clark Governments. The utility is a patronage playpen, with the chief executive suite and the boardroom peopled with loyal Liberal friends.

It’s been a comfortable ride for BC Liberals but a disaster for residents and small to medium sized businesses, who happen to employ most British Columbians. Now the incompetents want to make it even worse by delivering billions of dollars more to companies of questionable integrity. Important Site C contractors have been implicated in corrupt and questionable practices.

The Peace Valley Landowner Association asked internationally respected economist Robert McCullough for his opinion on cancelling Site C now. He responded on June 18, 2017 with this statement:

In 2013, B.C. Hydro estimated that Site C would cost 2.5 times then current annual market prices. As natural gas and renewable prices have continued to decline, Site C now costs 3.3 times current annual market rates. Put another way, British Columbia rate payers could save $4.1 billion simply by buying the same amount of power from the United States — even after writing off the $1.75 billion already spent.

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At 24:32, John Horgan talks about Site C and opening the books at major crown corporations: