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Energy Minister says NDP have it wrong on BC Hydro
VANCOUVER/CKNW(AM980)
Shane Woodford | Email news tips to shane.woodford@corusent.com
2/4/2013

BC's Energy Minister says it is just another case of NDP math after the opposition said BC Hydro is spending hundreds of millions of dollars for power it doesn't need.
 
Rich Coleman says the argument the ndp is making ignores long term fluctuations, like the price of electricity in the spot market.
 
He also denies the NDP claim those rates could go up.

"I don't think so I think we have a pretty good plan to average rates but I mean obviously the cost of electricity has pressures and we have had to invest in the system because in the 1990's they froze the rates which was artificially keeping the revenues down for hydro so they weren't able to invest in things like the Ruskin Dam, or power lines, or transmission systems."

Coleman says its clear under the ndp economic development would flatline because an excess of Hydro is needed for mines, natural gas plants, and others


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  1. HJDH posted on 02/04/2013 09:18 PM
    The Liberals have robbed Hydro blind - what is this clown talking about? Ask Coleman how much revenue was transferred from hydro into general revenue over the last 13 years - that will shine a light on things.

    Coleman is the quintessential Liberal - I don't believe anything he says.
    1. bctaxpayer posted on 02/05/2013 02:04 PM
      @HJDH We don't either.
    2. bctaxpayer posted on 02/05/2013 02:04 PM
      @HJDH We don't either.
  2. RegA [deleted] posted on 02/04/2013 09:41 PM
    If Coleman is within 40 miles of a news item, he seems to be in it. Poor fellow, absolutley everything he touches turns into pure unadulterated sh!t with history. Maybe the Liberals are wanting him gonzo, like they have done with others, to get THEIR stooge sitting there, taking orders, like a turnip, and Rich is just the sacrifice. Hydro loosing $. Absolutely unheard of, unless terribly swindled or terribly robbed! Oh well, anything is possible in this province, isn't it!
  3. insite posted on 02/04/2013 10:09 PM
    Not only is BC Hydro required to Buy High and Sell Low, its hands are tied. It is not allowed to compete with the sweetheart deals given to IPP's. IPPs pay just a fraction of what BC HYdro pays for water rights.

    And, IPP's are not penalized if they violate the terms of their water licenses. The provincial government prefers to just talk with them. Meanwhile, it doesn't matter if fish are stranded and die when run-of-river projects go bad.

    The NDP is probably more correct than Mr. Coleman. Remember the increases that were held back? If the Liberals win, they will restore the 30 percent rate increase that was originally requested by BC Hydro. To that, add the requirement to make up for the Buy High Sell Low blunder. Guess who will Pay More because of inadequate oversight by the provincial government? It will be the consumer. The LNG will get get cheap power rates. It will be a case of the more power we sell to mines and natural gas plants, the bigger the hit on BC Hydro and the taxpayer. Sell More Power and Lose More.
  4. GregT posted on 02/05/2013 05:49 AM
    why would anyone listen or have confidence in this windbag after he phoned councillors in Surrey overstepping the bounds of a minister. He has to go, now, not in May, but Crispy doesn't have the wear with all to turf him...
  5. bctaxpayer posted on 02/05/2013 07:15 AM
    Chubby Coleman you totally useless go back to Wendy's where you belong.You and the other corrupt BC lie berals are getting the boooooooooot.You are a disgrace to BC.
    1. bctaxpayer posted on 02/05/2013 07:25 AM
      @bctaxpayer Chubby you have proven that you CANNOT be TRUSTED.
  6. HUGH F posted on 02/05/2013 07:47 AM
    Take a few moments a research donations to the Liberal machine, then research how many of them resulted in IPP's being granted. The Liberals are the best government money can buy. I disregard anything Jabba has to say as anything that comes out of his cakehole is seriously lacking common sense, ethics or truth.
    1. bctaxpayer posted on 02/05/2013 08:22 AM
      @HUGH F BC Rail,Basi. verk jerks,BC Hydro,HST,BC Place over runs,Conference Center over runs wow corruption and lies as only the BC Lie berals can do.Led by a corrupted leader.
    2. bctaxpayer posted on 02/05/2013 02:06 PM
      @HUGH F Yes the best government when you specialize in Corruption the the BC lie beral party wins.
  7. HUGH F posted on 02/05/2013 07:47 AM
    Take a few moments a research donations to the Liberal machine, then research how many of them resulted in IPP's being granted. The Liberals are the best government money can buy. I disregard anything Jabba has to say as anything that comes out of his cakehole is seriously lacking common sense, ethics or truth.
    1. bctaxpayer posted on 02/05/2013 08:17 AM
      @HUGH F I agree it is the most corrupt party ever to serve in BC.
  8. HUGH F posted on 02/05/2013 07:47 AM
    Take a few moments a research donations to the Liberal machine, then research how many of them resulted in IPP's being granted. The Liberals are the best government money can buy. I disregard anything Jabba has to say as anything that comes out of his cakehole is seriously lacking common sense, ethics or truth.
    1. bctaxpayer posted on 02/05/2013 08:19 AM
      @HUGH F I agree it is the most corrupt group of lier we have ever had lie BERALS win hands down.
  9. HUGH F posted on 02/05/2013 10:50 AM
    Sorry about the triplicate. the whole plan was to make hydro insolvent so it could fit in Gordo's plan to privatize everything that was owned by the province. I sincerely hope that the new government that will form in May shines lights on what these cockroaches have done to the province, bring Campbell home and set him up in an 8 by 12 cell to learn the 2 step with Bubba. I can't help but feel what they've done to the province warrants deep investigation. The only way to bring the IPP's to heel is huge fines for the constant transgressions they presently get away with regarding fish habitat.
  10. BOBF_5970 posted on 02/05/2013 01:41 PM
    who was in charge of hydro when these huge ipp rates were handed out ? this is exactly what kind of "fishy" business doyle or the next a/g should be allowed to look into. those long term contracts at 4 times the going rate just does not make sense. ipp wallets are getting padded on behalf of the tax payers.....AND YOU ARE NOT WELCOME..
  11. cherylb_2696 posted on 02/05/2013 01:47 PM
    I'm sorry Rich. You guys used up all your credibility with me when you said the 2009 budget deficit would be 495 million, instead of 1.9 billion and you said no HST. haven't believed a word out of your mouth since then....
    1. bctaxpayer posted on 02/05/2013 02:09 PM
      @cherylb_2696 I think chubby doesn't know how to speak the truth.
    2. bctaxpayer posted on 02/05/2013 02:09 PM
      @cherylb_2696 I think chubby doesn't know how to speak the truth.
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