B.C. Hydro doing good job managing billions in capital assets, says auditor

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

Carol Bellringer says in the audit that B.C. 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.

article continues below

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

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 B.C. Hydro has the information, practices, processes and systems needed to support good asset management.

Read Related Topics

© Copyright Prince George Citizen

CITY SPENDING POLL

A report says the city needs to spend $79 million over the next 10 years to properly maintain civic facilities. How should the city pay for it?

or  view results

Sign Up For Our e-Newsletter!
  • 97/16

    Prince George's Weekly News

Popular Citizen

Community Event Calendar


Find out what's happening in your community and submit your own local events.

Lowest Gas Prices in Prince George
Prince George Gas Prices provided by GasBuddy.com