As B.C. Hydro Reworks Estimates, Utility Seeks 4 Per Cent Interim Rate Hike

The Canadian Press, 26 Feb, 2016 12:40 PM

VANCOUVER — BC Hydro is calling for an interim, one-year rate increase of four per cent, adding about $4 a month to residential power bills.

Hydro President and CEO Jessica McDonald made the announcement while offering an update on how the Crown utility delivers its 10-year rates plan.

McDonald says the four per cent increase is included in the 10-year plan.

Hydro has applied to the B.C. Utilities Commission for the hike as it crunches numbers after the provincial government deferred hydro increases for B.C.'s mining sector.

McDonald says Hydro originally planned to submit a three-year application for rate increases of three to five per cent, but that request will be delayed for several months.

Hydro says it has to invest an average of $2.4 billion a year in the province's aging electricity system, upgrading facilities built in the 1960s, 70s and 80s.

Prev Next

MORE National ARTICLES

Syrian Refugee Plan Milestone For One Man, New Beginning For Thousands Of Others

Almost exactly three years ago, Faisal Alazem appeared before a House of Commons committee and urged Canada to do more to help the millions of Syrians caught up in that country's brutal civil war.

Syrian Refugee Plan Milestone For One Man, New Beginning For Thousands Of Others

Rachel Notley Vows Tight Controls On $3Billion Carbon Tax To Ensure Only For Green Projects

Notley says none of the money is to go to broader or unrelated expenditures such as paying down the deficit and debt.

Rachel Notley Vows Tight Controls On $3Billion Carbon Tax To Ensure Only For Green Projects

Canada Is Back: Rocker Neil Young Supports Alberta's Carbon Tax, Pleased By Liberal Government

"I'm very happy," said the 70-year-old Canadian who has lived in California for years.

Canada Is Back: Rocker Neil Young Supports Alberta's Carbon Tax, Pleased By Liberal Government

B.C. Green To Seek Party Leadership As Federal Green Leader Attends Announcement

Oak Bay-Gordon Head MLA Andrew Weaver will announce his candidacy Tuesday at the University of Victoria, where he will follow his leadership announcement with a speech.

B.C. Green To Seek Party Leadership As Federal Green Leader Attends Announcement

Canada Must Tailor Post-secondary Programs To Boost Economic Growth: CIBC Head

CIBC chief executive Victor Dodig told The Canadian Press in an interview Tuesday that much of Canada's eventual growth will come from entrepreneurs who commercialize new ideas and technologies for all sectors of the economy.

Canada Must Tailor Post-secondary Programs To Boost Economic Growth: CIBC Head

Feds Updating Wary Stance On Self-Driving Cars; Goal Of Encouraging Public Use

LOS ANGELES — Federal transportation officials are rethinking their position on self-driving cars with an eye toward getting the emerging technology into the public's hands.