Rob Shaw: NDP defends BC Hydro rate hikes while sidelining regulator
The B.C. government’s communications shop tried to frame the province’s new electricity rate increases as “in response to the economic and trade uncertainty” caused by the United States. But, to his credit, Energy Minister Adrian Dix didn’t bother burning off any of his credibility pushing that weak argument on Monday.
No, U.S. President Donald Trump did not force BC Hydro to raise its rates 3.5 per cent April 1, with another 3.5 per cent the following year.
The rate hikes were made necessary by Hydro’s $36-billion capital plan, the $16-billion Site C dam coming online, an ambitious plan to expand electrification to the northwest, inflation, and other major Hydro initiatives.
“BC Hydro has a lot to do right now,” said Dix.
“They've got to drive a very large capital investment and serve customers, and we think this is the right approach. It provides clarity, stability in the system. It lets everyone know what the rates are. And that's........
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