Where I Stand On BC's Private V. Public Power Controversy

Posted on Tuesday, February 19 at 11:27 by PatriotPete
Dr. John Calvert's book "Liquid Gold: Energy Privatization in British Columbia" ( published by Fernwood Publishing) chronicles in great detail how we are losing a key public asset and to whom. Likewise the work of SFU's Dr. Martin Shaffer,"Lost in Transmission: A Comprehensive Critique of the BC Energy Plan" is highly informative (available at the COPE 378 website). Both of these reports expose the incredible stupidity of the BC energy policy and the virtually give-away, of scarce micro-hydro water licences to the private corporations. The private power produced is ostensibly not firm or reliable power, it is mostly produced during the spring freshet, when BC already has a surplus of power, and thus it is available at the wrong time of year. Of course, the private power producers want to store, at public subsidy their non-firm power behind our public dams, to somehow convert that non-firm power into more valuable firm power. The price to consumers of that power, especially when you add in the BC Transmission line inter-change costs that will be incurred by the BC Transmission line will be extremely costly- see recent headlines in the Vancouver Sun - of 25% of more rate increases coming. Worst of all, the public gets no ownership of the assets of the private energy corporation- it is privately owned not publicly owned. Then there are the environmental impacts. [b]Presently there are 128 approved licenses on 115 water courses in British Columbia. There are 435 licence applications on an additional 466 water courses. This implies there are a total of 563 current and potential licenses on up tp 581 water courses. The environmental assessment process is deeply flawed. Check out my article on that at: www.vivelecanada.ca/article.php/2008021501250 Google ourrivers.ca --and see the CTV show called Blue Gold Rush, and the video called Power Play. With a majority government there is nothing her Majesty's Loyal Opposition can do to halt, reverse or stop this. Perhaps, you, as a voter, can organize a group of people in each constituency, arrange an appointment with your MLA, and demand, accountability for why he or she votes to support this BC Energy Policy. Demand, indeed, instruct your MLA, that you want an immediate moratorium placed on the issuance of further water licences for power generation, and a cease work order on all projects currently under construction. Demand a full public debate on BC Energy's Policy between the Minister responsible and people such as Dr.Calvert and Dr. Shaffer. Read my critique of the Environmental Assessment process to see how deeply flawed it is. In 2012 the new rates will kick in, along with the new power smart meters at you home...you wont' be singing or dancing when you pay for private energy's bill or the BC Liberals ill-considered Energy Plan. What is happening here, is that the electrical energy of British Columbia, and the remaking of BC Hydro and BC transmission lines, are being deeply integrated into the continental system, to sell power to the USA, at continental prices, all for the ostensible benefit of Capital, and not at all in the interests of ordinary Canadians, small business, First Nations or the environment. Presently (Feb 2008) BC Hydro has contracts to purchase private electrical power from those private companies in excess of $28 billion dollars--all of which has to be paid by BC electrical rate payers. Once again, those corporations are reaping the benefits and externalizing their costs. As for BC First Nations receiving benefit from Hydro-electrical generation, just like in Manitoba, I support the provision, of a 33% equity position in all existing and future public power projects provided they drop their support and equity involvement in private power projects.

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  1. Thu May 07, 2009 8:01 pm
    BC Liberal Americanization of Formerly Public Assets and Services:
    Gordon Campbell?s Terrible Handling of BC?s Economy

    By: SharingIsGood

    Since coming to power, Gordon Campbell has allowed BC assets and services to become owned and controlled by exceedingly wealthy and powerful US individuals and corporations. If these powerful entities thought it prudent to buy assets and provide services for British Columbians, why did the BC government sell them? BC citizen tax dollars, user fees and utility bill payments have been contracted to go to the richest of Americans, and Campbell?s government is the one that has signed the contracts giving our money to them. We have been sold out!

    BC Rail

    Looking through CN Railway's financial statements a couple of months ago, I found that as a result of the purchase of BC Rail, CN has already made huge profits. Within the reports it was stated that a good deal of CN's improved financial position and profits came through the acquisition of BC Rail. It seems to me, even if the people of BC had wanted to sell the railway (which they didn't), Campbell chose the very worst time to sell.
    With record use of BC Rail lines and equipment for transporting BC resources, CN has made great sums of money! Further, CN sold off BC Rail equipment, reduced service and reduced BC Rail staff. CN was also given huge tax breaks by Campbell for purchasing the railway. The Liberals stated they wanted to get the BC Rail debt off the books. Astute businessmen, CN found the BC Railway debt-to-assets ratio not to be anywhere near excessive. So here we have it: reduced payroll for a reduced (BC Rail) staff, reduced taxes from that payroll, and a tax break to CN. Campbell's terrible business skills were, again, working against BC citizens.
    Note: Bill Gates invested heavily in CN concurrent with the sale of BC Rail. He became its largest shareholder in 2006. I, for one, don't believe Gates (the richest man in the world) would buy into a losing proposition.
    Bill Gates, with his 32% share of CN Railway, now owns 32% of what used to be BC Rail?
    Notice that CN had an average annual earnings growth of 37.6% over the five year period: 2004 through 2008.
    http://www.teamstersrail.ca/TCRC_News_March_6_2009.htm
    CN Financial statements available through this link:
    http://www.corporateinformation.com/Com ... =C12437280


    BC Hydro

    Plutonic Power holds the bulk of the new IPP ?Run of River? power generation applications and development. Through a financing agreement, General Electric holds 49% stake in the company and is will receive 60% of the profits from the generation of electricity by Plutonic Power. Warren Buffet, the 2nd richest man in the world owns Berkshire Hathaway which in turn holds gobs of GE; and, while GE has been investing in Plutonic Power, Berkshire Hathaway has been buying more heavily into GE. I don?t believe that Warren Buffet would allow his company to invest billions in anything but a sure thing. In the end, billions and billions will come out of BC citizens? pockets and into Warren Buffet?s.

    Though the environmental degradation is thought by many to be the worst factor in opening these private projects for a pittance of a fee, if one cares neither about the Salmon nor the forests, then one should (at the very least) care about money and maintaining control of our rivers. The Liberals claim that the rivers are only being controlled by the rich Americans for 45 years (at which time their contracts are up). In reality, under NAFTA, it will be next to impossible to take the rivers back. Our great-grandchildren will most likely continue lining the pockets of the Warren Buffet/General Electric empire.

    http://wallstreetpit.com/577-warren-buf ... l-electric

    BC Gas:

    Under Campbell BC Gas was made into Terasen Gas which was then sold to the Texas-based Kinder Morgan which then became part of the Carlysle Group.

    http://www.republic-news.org/archive/14 ... arlyle.htm

    The Carlyse Group is the World?s LARGEST private equity firm. The Campbell government sold off your gas company to a private corporation owned controlled by some of the world?s most rich and powerful people. Though there are many current and past famous people within this group; some are quite notable; some are thought to be notorious.
    George H W Bush was senior advisor to the Carlysle group from Apr. 1998 to Oct. 2003. Donald Rumsfeld (Former US Secretary of Defence) was Chairman Emeritus from 1998 - 2005. James Baker III: Carlysle Senior Counselor 1993-2005. Etc.
    http://en.wikipedia.org/wiki/Carlyle_Group



    BC Medical Insurance Corporation - Maximus:

    Under the Liberals, Texas-based Maximus took over the record keeping of BC Medical records. This includes any psychological, psychiatric or addictions treatment performed by any BC health care professional. The cost of this service is higher than had it been kept in house. The cost has jumped 60% since the company took over our records in 2004. Maximus? profits are up too. More notable than the loss of jobs and capital to the US corporation, however, is the threat to BC citizens? right to privacy. Under the USA Patriot Act, all records transported (even digitally) across the border to the US are subject to warrantless searches by arms of the US government which includes the Department of Homeland Security, the FBI and the CIA. Canadian Citizens have no rights in the USA. Maximus does consulting with government bodies in the US. They provide services for the US government. This puts this US-based consulting company in charge of your BC-based documents. Could this be a conflict of interest? Is Big Brother is watching you?
    http://thetyee.ca/News/2009/05/06/Maximus/
    http://www.maximus.com/corporate/pages/ ... teBios.asp

    Notable is a $30.2 million (US) Medcaid Fraud settlement paid by Maximus.

    Maximus Settles Fraud Case for $30.5 Million
    Suit Alleged False Medicaid Claims
    By Alejandro Lazo
    Washington Post Staff Writer
    Tuesday, July 24, 2007; Page D04
    (snip) ?In the legal case, Maximus neither admitted nor denied the government's allegations. The government alleged that Maximus had helped the District of Columbia's Child and Family Services Agency submit false claims to the Medicaid program.
    The U.S. government had previously recovered $12.15 million from the Child and Family Services Agency, bringing the total collected to $42.65 million.? (snip)
    http://www.washingtonpost.com/wp-dyn/co ... 01727.html

    This is the parent company of the company that handles our medical records.


    BC Family Maintenance Enforcement Program ? Maximus/Themis:

    All Family Maintenance records are controlled by Themis which is a subsidiary of Maximus. Should Themis send any of these records to the parent company (for backup storage etc.) in the USA, these records are also subject to Patriot Act warrantless searches.
    http://www.maximus.com/corporate/pages/ ... themis.asp

    BC Public Schools Records:

    Permanent records and records of individual student programming is conducted utilizing the BCESIS program. This includes the records of behaviour or emotional problems and the prescribed treatments for those problems.

    BCESIS is owned by Oracle Canada, a subsidiary of the Oracle Corporation. Oracle can be found in the data centres of 100 of the Global Fortune 100 companies. Oracle is first answerable to its stockholders, and secondly answerable to any governments with which it does business. Oracle controlled by Redwood Shores which, in turn, is controlled by USA founder and CEO, Larry Ellison. Larry Ellison is the 3rd richest American and the 4th richest person in the world. Larry Ellison makes money on every student data file stored by the BC Ministry of Education.

    http://www.oracle.com/corporate/story.html
    http://www.oracle.com/corporate/board.html
    http://en.wikipedia.org/wiki/Larry_Ellison


    ICBC:

    The Oracle Corporation now stores and controls ICBC data ? including driving infractions and arrest records. Larry Ellison makes money off of every record that ICBC has on you.

    So there we have it, the very wealthiest and most powerful people in the world (Americans: Gates, Buffet, & Carlysle Group) thought it prudent to buy BC Rail, BC Gas, and BC Run of River Hydro production. On top of that, Ellison (the 3rd richest American) enjoys huge profits for managing the databases containing the education, health and ICBC records of every BC Citizen. BC citizens have been had in the worst way. Gordon Campbell has even refused to talk to us after he has had his way. I feel so unclean.


    The author wishes no copyright for any of his writing above; please feel free to distribute his words as you wish.



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