Williams Lake to receive annual BC Hydro rebate of $141,332

The city of Williams Lake received a letter from BC Hydro, dated Oct. 23, indicating it will receive a $141,332.58 grant.

The city of Williams Lake received a letter from BC Hydro, dated Oct. 23, indicating it will receive a $141,332.58 grant which represents one per cent of revenues from electricity sales within the city for the year ending Mar. 31, 2012.

Annually BC Hydro is authorized by an Order-In-Council to pay these grants to municipalities.

“It’s not something new for the city, just something new for the agenda,” Mayor Kerry Cook said.

The city receives similar rebates from Fortis, Telus and Shaw Cable.

Coun. Surinderpal Rathor noted if two zeros are added to the grant from BC Hydro, it shows how much money is leaving the community just to one utility company.

“That’s a good economic indicator we can monitor,” Rathor said.

The grant amount has been moving up slightly over the years, Cook said, adding it was $134,000 for 2011.