B.C. In The Dark On Enronization Of Their Energy

He cites the B.C. Energy Plan from 2002, which effectively barred Hydro from producing more power. This smoothed the way for the Independent Power Producers Association of B.C., which represents private power developers who have a virtual monopoly on the creation of new electricity in B.C. Rankin pointed me toward the work of SFU adjunct professor John Calvert, who is concerned that private investors will flip ownership of the most lucrative sites, selling them to energy multinationals. In a paper online at www.hydrofacts.bc.ca, Calvert notes that the B.C. Energy Plan "transforms B.C. Hydro from a generator of publicly owned electricity to a purchaser of energy from private power developers." "The Energy Plan signaled a fundamental shift from the earlier-and highly successful-policy of relying on the Crown Corporation to build and deliver B.C.'s electrical energy at prices based on the cost of production and controlled through public ownership of B.C.'s generation assets. This earlier policy resulted in B.C. prices being among the lowest in North America and enabled customers to enjoy a period of eight years with no rate increases whatsoever during the 1990s." http://www.vancourier.com/issues06/103206/opinion/103206op2.html [Proofreader's note: this article was edited for spelling and typos on October 30, 2006]

Note: www.hydrofacts.bc.ca http://www.vancourier.c...