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Governments to saddle B.C. Hydro customers with $4 billion debt

Irina Slav  |  February 8, 2019

B.C. Hydro has accumulated a US$4.2-billion (C$5.5 billion) pile of so-called deferral accounts as a result of political pressure from provincial governments to keep rates lower than they need to be so the company could cover its operating expenses … “BC Hydro was not allowed to charge its customers enough to cover its operating costs each year,” the official said. As a consequence, now every household customer of the utility represents some US$980 (C$1,300) of the total debt …

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