(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

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

U.K. press wonders if Nanaimo bars lured Prince Harry and Meghan Markle to Canada

‘Prince Harry’s favourite snack revealed,’ trumpets tabloid

LETTER TO THE EDITOR: Let’s have a referendum on auto insurance in B.C.

We need a wide open debate that lets the people most affected have a say, says letter writer

Ice chunk from truck crushes vehicle windshield near Nanaimo

None injured, but Nanaimo RCMP say fines for accumulations of ice and snow

Astronomer discusses search for life in oceans of moons of Jupiter and Saturn

Jon Willis will present at Nanaimo Astronomy Society meeting Jan. 23

Regional District of Nanaimo to consider HandyDart bus fleet replacement

New light-duty, gas-powered buses sought by funding partner B.C. Transit

‘Like an ATM’: World’s first biometric opioid-dispensing machine launches in B.C.

First-of-its-kind dispensing machine unveiled in the Downtown Eastside with hopes of curbing overdose deaths

Canucks extend home win streak to 8 with 4-1 triumph over Sharks

Victory lifts Vancouver into top spot in NHL’s Pacific Division

BC Green Party leader visits northern B.C. pipeline protest site

Adam Olsen calls for better relationship between Canada, British Columbia and First Nations

Nanaimo theft victim confronts suspects with baseball bat

Nanaimo RCMP seek identity of two people alleged to have used a stolen credit card

Clerk bruised, traumatized after armed robbery at Quarterway Liquor Store

Few details on male suspect in Wednesday incident, says Nanaimo RCMP

B.C. society calls out conservation officer after dropping off bear cub covered in ice

Ice can be seen in video matted into emaciated bear cub’s fur

Blue Monday is a myth but seasonal affective disorder and the winter blues are real

Canadian Mental Health Association says weather can affect mood

City of Nanaimo reaches settlement with fired chief operations officer

Brad McRae had launched human rights complaint after being fired while on medical leave

Most Read