(File)

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

However, audit did not examine $10.7-billion Site C dam, under construction in northeast B.C.

A report by B.C.’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 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.

READ MORE: Former B.C. Hydro CEO earns half a million without working single day

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.

The Canadian Press

Like us on Facebook and follow us on Twitter

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Cowichan’s 49ers just miss fourth Grover Cup

Since the 49ers were founded, the team had never lost a Tony Grover Cup final

Mary Lowther column: Contemplating the compost heap

David made me a three-bin compost system

Sarah Simpson Column: Mistakes will happen but kindness prevails

You know those jerks who always follow the trail directions wrong? I… Continue reading

Unofficial holidays: Here’s what people are celebrating for the week of Sept. 27 to Oct. 3

World Farm Animals Day, Drink Beer Day and Virus Appreciation Day are all coming up this week

New ACT team will help Cowichan residents struggling with mental health issues

The Cowichan Valley ACT team will be one of six new teams being created across the province.

B.C. records 98 more COVID-19 cases, most in Lower Mainland

One new senior home outbreak, Surrey Memorial outbreak over

Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

Vancouver Island Tour de Rock riders roll into Parksville Qualicum Beach

Saturday’s schedule includes Port Alberni, Ucluelet and Tofino, followed by Nanaimo on Sunday

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

PHOTOS: 2nd calf in a month confirmed among Southern Resident killer whale pod

Center for Whale Research said they will eagerly await to observe the calf to evaluate its health

97 distressed horses, cats and dogs seized from farm in Princeton

RCMP assisted as BC SPCA executed search warrant

$250K reward offered as investigation continues into Sea to Sky Gondola vandalism

Police also asking for specific footage of Sea to Sky highway around time of incident

Most Read