Editing BC Hydro (section)

==Organization and financial performance==
[[File:BC Hydro building (3428865702).jpg|upright|thumb|Headquarters in [[Vancouver]].]]
In 1980 the BC Government established the [[BC Utilities Commission]] (BCUC) to regulate public energy utilities and to act as an independent, quasi-judicial regulatory agency regarding energy rates. BC Hydro's operations are overseen by this commission, and governed through an Electric Tariff and an Open Access Transmission Tariff.

===Site C Dam===
While BC Hydro initially looked at [[Site C dam|Site C]] on the Peace River near Fort St. John in the late 1950s, it wasn't until 1982 that it submitted a [[Site C dam|Site C]] development project to the [[British Columbia Utilities Commission]] (BCUC). It was turned down by the BCUC at that time.{{Citation needed|date=April 2010}}<!--What were the BCUC's reasons?-->  Another attempt to revive it in the 1990s was blocked by environmental concerns.<ref name="thetyee.ca">{{cite web|url=https://thetyee.ca/News/2010/04/09/BigSmoke/|title=Must the 'Big Smoke' Always Get Its Way? - The Tyee|first=Max|last=Fawcett|date=9 April 2010}}</ref> In 2004 the BC government's Energy Plan<ref>BC Energy Plan: http://www.energyplan.gov.bc.ca/bcep/default.aspx?hash=7 {{Webarchive|url=https://web.archive.org/web/20090823133051/http://www.energyplan.gov.bc.ca/bcep/default.aspx?hash=7 |date=2009-08-23 }}</ref> instructed BC Hydro to begin discussions with First Nations, the Province of Alberta and communities to discuss [[Site C dam|Site C]] as a future option.<ref>{{cite web|url=http://www.bchydro.com/etc/medialib/internet/documents/policies/pdf/site_c_peace_river_site_c_hydro_project_fact_sheet.Par.0001.File.site_c_peace_river_site_c_hydro_project_fact_sheet.pdf|title=Page or File Not Found|access-date=2009-10-14|archive-url=https://web.archive.org/web/20110611224744/http://www.bchydro.com/etc/medialib/internet/documents/policies/pdf/site_c_peace_river_site_c_hydro_project_fact_sheet.Par.0001.File.site_c_peace_river_site_c_hydro_project_fact_sheet.pdf|archive-date=2011-06-11|url-status=dead}}</ref> In May 2014, a federal-provincial Joint Review Panel released a report into the project's environmental, economic, social, heritage, and health effects.<ref>{{cite web|url=http://www.ceaa-acee.gc.ca/050/document-eng.cfm?document=99172|title=Canadian Environmental Assessment Registry - News Releases|first=Government of Canada, Canadian Environmental Assessment|last=Agency|date=8 May 2014 }}</ref> A notice of Site C construction commencing in 2015 was issued July 2015.<ref>[https://www.sitecproject.com/sites/default/files/Notice%20of%20Construction%20Activities%20-%20July%202015.pdf Re: Notice of Site C Construction Activities]</ref> Revelstoke Dam built in 1984 was the last new dam built by BC Hydro.

===Independent Power Producers===
[[File:Powerlines-coq.jpg|thumb|upright|BC Hydro high voltage transmission lines in [[Coquitlam]]]]
The BC Hydro Public Power Legacy and Heritage Contract Act requires BC Hydro to meet the province's future needs for power through private developers. These acts have allowed [[Independent Power Producers in British Columbia|Independent Power Producers]] (IPPs) to sell power to BC Hydro, which is required by law to buy it from them even at a loss.<ref>{{Cite web |url=http://www.empr.gov.bc.ca/EPD/PolicyRegulationLegislation/Leg/Pages/default.aspx |title=Electricity Legislation |access-date=2009-10-13 |archive-url=https://web.archive.org/web/20110718054752/http://www.empr.gov.bc.ca/EPD/PolicyRegulationLegislation/Leg/Pages/default.aspx |archive-date=2011-07-18 |url-status=dead }}</ref> In 2011 BC Hydro spent $567.4 million on electricity from IPPs. In 2013, BC Hydro had 127 Electricity Purchase Agreements in its supply portfolio, representing 22,200 gigawatt hours of annual energy and over 5,500 megawatts of capacity.<ref>[https://www.bchydro.com/content/dam/BCHydro/customer-portal/documents/corporate/independent-power-producers-calls-for-power/independent-power-producers/energy-procurement-practices.pdf OVERVIEW OF BC HYDRO’S ENERGY PROCUREMENT PRACTICES]</ref> In 2013 those purchases will be $781.8 million in 2013 and $939.8 million in 2014, representing about 20% of domestic supply.<ref>{{cite web|url=http://www.piquenewsmagazine.com/whistler/ipps-to-cost-bc-hydro-almost-1-billion-annually-by-2014/Content?oid=2170530|title=IPPs to cost BC Hydro almost $1 billion annually by 2014|first=Jesse|last=Ferreras|publisher=Pique News Magazine}}</ref><ref>http://www.bcbudget.gov.bc.ca/Annual_Reports/2013_2014/pdf/agency/bchydro.pdf pg7</ref>

=== Exports and Imports ===
Through its interties, BC Hydro exports and imports electric power through its wholly owned power marketing and trading subsidiary, [[Powerex (electricity)|Powerex]], which was established in 1988. Powerex also markets the [[Columbia River Treaty#Canadian Entitlement|Canadian Entitlement]] energy from the [[Columbia River Treaty]].<ref>{{cite web |title=Wholesale Electricity |url=https://powerex.com/our-business/electricity |website=[[Powerex (electricity)|Powerex]] |access-date=2021-07-05}}</ref> BC Hydro belongs to a power sharing consortium which includes electric utilities in Alberta, Washington, Oregon, Idaho and California. The flexibility of the interties contributes to system reliability, for example importing energy in low-water years, or importing when there is a system contingency. In 2013 British Columbia's minister of energy and mines, Bill Bennett spoke to why BC Hydro was agreeing to a  $750 million settlement with California over claims Powerex manipulated electricity prices.<ref>{{cite news |title=Update 1-Canadian province settles California energy crisis case |url=https://www.reuters.com/article/utilities-california-crisis/update-1-canadian-province-settles-california-energy-crisis-case-idUSL2N0GH0WI20130816 |access-date=2021-07-05 |work=[[Reuters]] |date=August 16, 2013}}</ref>

=== Financial performance ===
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|+ '''Financial data 2000-2022 (year ending on March 31)'''<br />millions of Canadian dollars
<ref name="2013_Annual_Report">{{citation|author=BC Hydro |title=BC Hydro Annual Report 2013 |url=http://www.bchydro.com/content/dam/BCHydro/customer-portal/documents/corporate/accountability-reports/financial-reports/annual-reports/bc-hydro-annual-report-2013.pdf |date=2013 |access-date=2013-02-18}}</ref><ref name="BCH2011p114">{{cite book |title=BC Hydro 2010 Annual Report |url=http://www.bchydro.com/etc/medialib/internet/documents/annual_report/2010_annual_report.Par.0001.File.2010_annual_report.pdf |author=BC Hydro |year=2011 |location=Vancouver |access-date=2011-07-01 |page=114 |archive-url=https://web.archive.org/web/20101227133235/http://www.bchydro.com/etc/medialib/internet/documents/annual_report/2010_annual_report.Par.0001.File.2010_annual_report.pdf |archive-date=2010-12-27 |url-status=dead }}</ref><ref name="BCH2009p114">
BC Hydro (2009), ''op. cit.'', p. 114</ref><ref name="BCH2004p127">{{cite book |title=BC Hydro 2004 Annual Report |url=http://www.bchydro.com/etc/medialib/internet/documents/info/pdf/info_2004_annual_report_full.Par.0001.File.info_2004_annual_report_full.pdf |author=BC Hydro |year=2004 |location=Vancouver |access-date=2009-12-22 |page=127 |archive-url=https://web.archive.org/web/20090509210731/http://www.bchydro.com/etc/medialib/internet/documents/info/pdf/info_2004_annual_report_full.Par.0001.File.info_2004_annual_report_full.pdf |archive-date=2009-05-09 |url-status=dead }}</ref>
|-
! scope="col"  style="width:23%; background:white; border-top-color:white; border-left-color:white;"|
! scope="col" style="width:5.5%;"| 2022<ref name="2022HydroReport">{{cite web |title=British Columbia Hydro and Power Authority - 2021/22 Annual Service Plan Report |url=https://www.bchydro.com/content/dam/BCHydro/customer-portal/documents/corporate/accountability-reports/financial-reports/annual-reports/21-22-bc-hydro-annual-service-plan-report-final.pdf |publisher=BC Hydro |access-date=19 Nov 2022}}</ref>
! scope="col" style="width:5.5%;"| 2021<ref name="2022HydroReport" />
! scope="col" style="width:5.5%;"| 2020<ref name="2020HydroReport">{{cite web |title=British Columbia Hydro and Power Authority - 2019/20 Annual Service Plan Report |url=https://www.bchydro.com/content/dam/BCHydro/customer-portal/documents/corporate/accountability-reports/financial-reports/annual-reports/BCHydro-Annual-Service-Plan-Report-2019-2020.pdf |publisher=BC Hydro |access-date=23 July 2021}}</ref>
! scope="col" style="width:5.5%;"| 2013
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! scope="col" style="width:5.5%;"| 2001
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! scope="row" style="text-align:left;"| Revenues
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! scope="row" style="text-align:left;"| Net earnings
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! scope="row" style="text-align:left;"| Net long-term debt
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! scope="row" style="text-align:left;"| Retained earnings
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! scope="row" style="text-align:left;"| [[debt-to-equity ratio|Debt/Equity ratio]]
| style="text-align:right;"| 78:22
| style="text-align:right;"| 80:20
| style="text-align:right;"| 81:19
| style="text-align:right;"| 80:20
| style="text-align:right;"| 80:20
| style="text-align:right;"| 80:20
| style="text-align:right;"| 80:20
| style="text-align:right;"| 81:19
| style="text-align:right;"| 70:30
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| style="text-align:right;"| 68:32
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| style="text-align:right;"| 72:28
| style="text-align:right;"| 72:28
| style="text-align:right;"| 70:30
| style="text-align:right;"| 74:26
|}