HOMEABOUTAD RATESLINKSARCHIVESTHIS ISSUE
To the Editor
Just want to add something to Marco Procaccini's item on saving BC Hydro from privatisation. When the BC Liberals say that Hydro's "core assets" are not for sale, they are making a completely vacuous statement.
If by core assets they mean the actual power generators and transmission lines and distribution network, the fact is nobody would be interested in buying out this enormously expensive infrastructure. These assets do not represent a profitable investment in and of themselves.
All that matters to any energy trader is the energy capacity of a network, and how to gain access to various supply and demand markets . This would all be done on a "lease" (of BC's transmission lines) basis, with little guaranteed benefit to BC residents who would likely be subjected to the same market rates as outside the Province.
Nor would we be protected from possible energy shortages or blackouts if demand should outstrip supply, as happened in California in 2001.
BC Hydro presently belongs to the citizens of BC, and there's is no reason we ought to just give it, and our future autonomy away!
The Columbia Journal
P.O. Box 2633 MPO,
Vancouver, British Columbia,
Canada V6B 3W8
Phone: 604-266-6552 Fax: 604-267-3342