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3 facts you need to know
About BC Hydro rates…
By Bill Bennett
Kootenay East MLA
1. In 2013 Hydro announced a 10 year rates plan that includes annual increases that will help pay for the $2 billion annual investment that is necessary to restore the system’s aging assets and ensure the reliability we all are accustomed to.
2. On July 28, Hydro filed its Revenue Requirements Application with the BCUC that shows the utility will stay on that 10 year plan, even though some major customers such as mines and pulp mills are using less electricity than forecast and revenue is down.
3. In order to stay to the 10-year plan commitment and maintain the third lowest residential rates in North America, Hydro has worked hard to reduce its costs of operation, to defer spending and to find innovative ways to deliver programs differently. Almost 100% of the electricity generated in B.C. is clean and renewable.
This message funded by Bill Bennett
