Ask BC Hydro's Board of Liberal Pals to Explain Rate Hikes
Because
it's consumers who'll pay for the Crown corporation's fiscal fiasco.
Bill Tieleman’s 24 Hours Vancouver/The
Tyee column
Tuesday
July 9, 2013
By Bill Tieleman
This is
not the first surprise I've had from BC Hydro and I can tell you I'm pretty
sure it's not gonna
be the last one... when I have to I'm going to read them the
riot act."
- Energy Minister Bill Bennett, July 4, 2013.
If Bill
Bennett wants to get to the bottom of BC Hydro's lack of disaster
preparedness and huge cost overruns forcing big rate increases for
consumers, he doesn't need to read the riot act.
Just
read the BC Hydro Board of Directors list and then ask any one of the many BC Liberal Party
donors and insiders appointed by his government.
Premier
Christy Clark's own chief of staff Dan Doyle was BC Hydro chair until he took
over his current job in September 2012, replacing Ken Boessenkool, who resigned
after he committed "inappropriate" acts.
And
Clark's constant companion on the BC Liberal tour during the 28-day election
campaign was Brad Bennett, a BC Hydro director and party stalwart. Brad is son
of ex-premier Bill Bennett, but has no relation to the minister.
If
there's any surprise, it's for BC Hydro ratepayers who will get hosed with
significantly higher electricity bills of likely 30 per
cent over three years because the government and board were playing
with the Crown corporation's finances like it was Monopoly money.
And
that's where the buck should stop, instead of being charged to the smart meters
imposed on British Columbians -- another $1-billion
boondoggle.
Instead,
Bennett, Bennett and Clark presided over the pillage of BC Hydro revenue to
balance the government budget through dozens of
"deferral accounts" approaching $5 billion that will
eventually have to be repaid through rate hikes.
And
they implemented ex-premier Gordon Campbell's massive gift to independent power
producers, forcing BC Hydro to buy their unneeded, high-priced electricity at
costs far in excess of available market rate power.
In the
year ending March 2012, BC Hydro paid IPPs $676 million -- more than double the
price of imported energy available on the market then.
And BC
Hydro has IPP contract obligations of $50 billion
over the next 25 years.
The
family BC Hydro
But
don't expect a BC Hydro board full of BC Liberal insiders in addition to Brad
Bennett to worry.
Current
chair Stephen Bellringer has given the BC Liberals over $52,000 since 2006,
Elections BC records show;
Director Larry Blain ran Partnerships BC, the
government's privatization operation, for years;
Director Jamie Brown is the
ex-president of Canaccord Genuity, who together with parent firm Canaccord
Financial has given over $370,000 to the party since 2005:
Director John
Knappett, a construction company owner, has given thousands to the BC Liberals
and is a former director of the Independent Businesses and Contractors
Association, a significant donor to the BC Liberals that has also run its own
anti-NDP ad campaigns;
Director Tracey McVicar has extensive links
to key party and government figures, as well as corporate connections to the
smart meter program and $5,000 in party donations since 2009; and
Director
James Hatton has given $2,500 to the BC Liberals since 2007.
BC
Hydro also has senior staff with long BC Liberal links, including executive
vice-president Susan Yurkovitch,
who was parachuted into a job that now pays over
$385,000 after helping run the 2005 election campaign, and who has
donated to the party.
Steve
Vanagas, BC Hydro's director of communications and public affairs, was
ex-premier Gordon Campbell's deputy chief of
staff for communications and now collects over $240,000 a year.
Meanwhile,
Bill Bennett is blowing off enough steam about the $175
million-cost overrun on the Northwest Transmission Line to be a
power source himself.
"How
is it that BC Hydro can't estimate its costs accurately? The problem with this
project is that BC Hydro does not operate like a business," Bennett claimed.
Actually,
BC Hydro does operate like a business -- a BC Liberal family-owned monopoly
that runs on political nepotism, not the best interests of its customers.
It's BC Hydro
consumers forced to pay for this fiscal fiasco that should read the riot act to
this government.
.






