About BC Hydro rates

By Kootenay East MLA Bill Bennett

1.  Energy and Mines Minister Bill Bennett announced a 10-year plan that will keep electricity rates as low as possible while BC Hydro makes investments in aging assets and new infrastructure to support B.C.’s growing population and economy.

2.  Over the past several months, government and BC Hydro have worked together to reduce pressure on rates. This effort builds on the 2011 review that identified over $391 million in savings.

 3. New measures in the 10-Year Plan will reduce the amount of money that government takes from the utility, free up additional cash to support investments in old and new generation and infrastructure, lower BC Hydro’s operating costs and return Hydro rate setting to the BCUC.

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