(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

SLIDESHOW: Remembrance Day in Courtenay

The annual ceremony took place in front of a large crowd under rainy skies.

CVN invites the public to learn about wolves

Comox Valley Nature is pleased to host a public lecture featuring author Paula Wild

Hornby Island gets ready to build Arts Centre

Construction is planned to start in the coming year

BCTF rejects mediator’s recommendations for settlement

Negotiations between B.C. teachers and the province will continue

Elevates plans to do concert series in Cumberland again

Summer event aims to make the arts barrier-free for the community

VIDEO: Hong Kong police shoot protester, man set on fire

It was the second protester shot since the demonstrations began in early June

Early morning house fire north of Courtenay Sunday

Courtenay Fire Department attended the home around 5:30 a.m.

Sportsnet fires Don Cherry after negative comments about immigrants

Don Cherry had said immigrants don’t wear poppies like other Canadians do

Trudeau’s new cabinet: Gender parity because it’s 2019? Or due to competence?

Prime Minister Justin Trudeau will soon appoint his new cabinet

Canada among three G20 countries least likely to hit emissions targets

It says Canada, South Korea and Australia are the farthest off

Conservatives’ Scheer wants Trudeau to open Parliament Nov. 25

That’s five days after Justin Trudeau is scheduled to swear in a new cabinet

Last remaining Centurion tank from the Korean War makes its journey ‘home’ to B.C.

Tank arrives in B.C. the day before Remembrance Day after a more than 4,500-kilometre transfer

‘Your vehicle burns a lot of fuel:’ Victoria drivers wake up to angry notes

‘This handbill was left on your vehicle because your vehicle burns a lot of fuel,’ notes read

Canadians mark Remembrance Day this morning

This year exactly 101 years to the day after the end of the First World War

Most Read