Construction continues on the Site C dam project in northeastern B.C., with an estimated cost of more than $10 billion and completion expected in 2024. (B.C. Hydro)

NDP looks for ways to rein in B.C. Hydro rates

Internal review looks for cost cutting, new revenue sources

The B.C. NDP government’s first effort to slow down B.C. Hydro rates was rejected by regulators, and now they are trying again.

Energy Minister Michelle Mungall announced a two-part review of the provincially owned electrical utility Monday, after dam construction and deferred debt forced a three per cent rate increase in April. That followed a 3.5 per cent increase in 2017, part of the B.C. Liberal government’s 10-year rate plan.

RELATED: NDP’s BC Hydro rate freeze refused

Now an internal ministry team will seek ways to “refresh” the previous government’s rate plan, which was announced in 2013 and included increases totalling up to 28 per cent over five years.

RELATED: BC Hydro rate plan maps big increases

Premier John Horgan campaigned last year on a promise to freeze B.C. Hydro rates while a review of accumulated debt and major projects like the Site C dam on the Peace River were conducted. His government reluctantly decided to continue Site C, with cost estimated at more than $10 billion.

The B.C. Utilities Commission then refused B.C. Hydro’s application for a rate freeze in February.

The government intends to appoint an expert panel later this year. Its role is to “ensure B.C. Hydro is well positioned to maximize opportunities flowing from shifts taking place in the global and regional energy sectors, technological change and climate action,” according to a ministry statement.

Just Posted

‘Police are ready’ for legal pot, say Canadian chiefs

But Canadians won’t see major policing changes as pot becomes legal

Homeless Action Week: Our Place Society asking for blankets, sleeping bags

The fundraiser is off to a slow start as the days get colder

OBITUARY: Remembering Sooke’s Bill Wilson

Local entrepreneur died on Oct. 6.

SOOKE GARDEN CLUB: Another year of gardening adventures

Fall is the time when gardeners typically take stock

Surge in requests for help, reports of sexual assault since #MeToo

Growing demand for Victoria Sexual Assault Clinic’s services in first year of #MeToo

Video: An up-close look at beluga whales in Hudson Bay

An up-close look as some belugas greet whale watchers off the coast of Churchill, Manitoba

Advance voting begins Oct. 10 in Greater Victoria

The polls open at 8 a.m. for the 2018 municipal election with the general election taking place Oct. 20

Find your future at Black Press career fair in Victoria

More than 70 booths expected at Bay Street Armoury on Oct. 25

5 tips for talking to your kids about cannabis

Health officials recommend sharing a harm reduction-related message.

NHL players say Canada’s legalization of marijuana won’t impact them

NHL players say the legalization of marijuana in Canada won’t change how they go about their business.

Automated cars could kill wide range of jobs, federal documents say

Internal government documents show that more than one million jobs could be lost to automated vehicles, with ripple effects far beyond the likeliest professions.

ELECTION 2018: Vancouver Island politician ending unprecedented 40-year run

Mike Kokura served on the Alberni-Clayoquot Regional District board since 1972

Private marijuana stores should shut down, Mike Farnworth says

B.C. has approved 62 licences, but they still need local approval

Court finds that company was ‘careless’ in cutting down 45 trees near Nanaimo

Western Canadian Timber Products ordered to pay $80,000 to private landowners

Most Read