-17 C
Fort St. John
Saturday, February 23, 2019
9924 101 ave Fort St. John, B.C.
Advertisement
Home Canadian Press BC Hydro doing good job managing billions in capital assets, says auditor

BC Hydro doing good job managing billions in capital assets, says auditor

Advertisement

VICTORIA, B.C. – A report by British Columbia’s auditor general says BC Hydro is doing a good job managing the province’s dams, generating stations and power lines.

Carol Bellringer says in the audit that BC Hydro’s assets are valued at more than $25 billion and even though some generating facilities are more than 85 years old, they continue to operate near full capacity.

The report says about 80 percent of Hydro’s assets are dams, generators, power lines, poles, substations and transformers that are used to provide electrical service to B.C.

- Advertisement -

The audit says Hydro invested almost $2.5 billion to renew, repair or replace the assets it manages during the last fiscal year, ending March 31, 2018.

Bellringer’s audit does not examine the $10.7 billion Site C dam project, which is currently under construction in northeast B.C. and not slated for completion until 2024.

She says the audit examined whether BC Hydro has the information, practices, processes and systems needed to support good asset management.

get the latest news in your inbox

Author

Advertisement

Local Events

Must Read

NWJHL playoffs continues tonight

FORT ST. JOHN, B.C. - NWJHL Playoff hockey action continues tonight as four teams battle it out for the semi-final positions.The teams currently playing...