(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

Just Posted

Missing Chilliwack 17-year-old last seen on August 20

RCMP asking public for help to find Lorenz Pentz

Blowback from the Trudeau in brownface debacle reaches Chilliwack

PM in questionable photos released in the middle of the federal election campaign had ripple effects

Prospera and Westminster credit unions approved for proposed merger

Abbotsford- and Surrey-based companies now take matter to membership vote

Gill Road bar in Chilliwack being eyed for gating and campsite

People love Gill for fishing and four-by-fouring but desecration by trash dumpers is continuous

Chilliwack RCMP officer cleared of wrongdoing after arrest of erratic, unruly man

Man with brain injury was injured during arrest in which he tackled a female officer to the ground

PHOTOS: Young protesters in B.C. and beyond demand climate change action

Many demonstaers were kids and teens who skipped school to take part

Walmart to quit selling e-cigarettes amid vaping backlash

U.S.’s largest retailer points to ‘growing’ complications in federal, state and local regulations

Former B.C. lifeguard gets house arrest for possession of child porn

Cees Vanderniet of Grand Forks will serve six months of house arrest, then two years’ probation

Student arrested at South Delta Secondary for alleged assault

The alleged assault occurred between two SDSS students on Wednesday, Sept. 18

Crown alleges resentment of ex-wife drove Oak Bay father to kill his daughters

Patrick Weir alleged in his closing arguments that Andrew Berry is responsible for the deaths of his daughters

‘I’d do it again,’ says B.C. man who swam naked, drunk in Toronto shark tank

David Weaver, of Nelson, was drunk when he went to Ripley’s Aquarium in Toronto on Oct. 12 2018

How to react to Trudeau’s racist photos? With humility, B.C. prof says

‘We are now treating racism as a crime that you cannot recover from’

Victoria man spots online photo of his totem pole 11 years after it was stolen

Mark Trueman restored the pole himself before it was stolen off of his property in Duncan

VIDEO: Fire destroys Williams Lake strip club targeted by past arson attempts

Diamonds and Dust Entertainment Lounge destroyed by fire, as well as New World Tea and Coffee House

Most Read