NELSON ZAPPED
Nelson's own energy Minister Mungall commissioned a report "Zapped". for BC Hydro. The report drew three conclusions: • BC Hydro bought too much energy and energy with the wrong profile, • BC Hydro paid too much for the energy it bought, and • BC Hydro undertook these actions at the direction of Government. Government directed BC Hydro to purchase 8,500 GWh of Firm energy BC Hydro did not need. The Response EPAs will cost ratepayers an estimated $16.2 billion over 20 years. That would be you and I owners of BC Hydro. Toba Inlet is a great example of this waste. A 196 megawatt run of river hydro plant making most of its annual power from spring runoff through fall. BC Hydro is required to buy that power at full premium retail with inflation while spilling water over their legacy dams that make huge profits from their 3c/kWh power that could earn four times that, now paid to the private owners. ...