(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

Coach Isnardy: ‘This is the best we’ve played all season’

The Williams Lake Peewee Tier 3 Timberwolves skated to a silver medal during the weekend

RCMP officers receive Award of Valour for heroic actions during 2018 mudslides

“The (officers) not only went above and beyond, they performed heroically under extreme conditions.”

Operation Red Nose gearing up for another holiday season in Williams Lake

Call 250 392-2222 and a team of three Operation Red Nose volunteers will help you get home safely

Tsilhqot’in leaders travelling to Geneva, Switzerland to continue global fight for Indigenous rights

Delegation attending the United Nations Forum on Business and Human Rights

PHOTOS: NHL honours B.C. grandma’s battle against cancer in special match

Shea Theodore’s grandmother Kay Darlington dropped the puck at a special ‘Hockey Fights Cancer’ game

Province argues in B.C. Supreme Court for smudging in schools, says it relates to curriculum

Hearing concludes in case regarding indigenous cultural practice in Vancouver Island classroom

Mosaic Forest Management announces forestry shutdown

Thousands of forestry workers in Coastal B.C. will be affected by ‘curtailment’

Appeal dismissed for B.C. man who assaulted woman in ‘thoroughly modern’ fight over phone

‘Both were seeking evidence of cheating by the other,’ says B.C. Supreme Court in Nanaimo

Freezing rain on the way to B.C.’s Fraser Valley, Interior

Road conditions will be icy and slippery, Environment Canada warns

University of Victoria threatens any athletes who speak about rowing coach probe

Barney Williams has been accused of harassment and abuse

B.C.’s largest catholic archdiocese names 9 clergymen in sex abuse report; probes ongoing

Vancouver Archdioces presides over 443,000 parishoners in B.C.

Smudging in B.C. classroom did not affect Christian family’s faith, says school district lawyer

Lawyers make closing arguments in a Port Alberni case about the Indigenous cultural practice

Canadian Forces member charged with possessing magic mushrooms in Comox

Master Cpl. Joshua Alexander, with the 407 Maritime Patrol Squadron, facing two drug related charges

Most Read