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The British Columbia Hydro and Power Authority, operating as BC Hydro, is a Canadian electric utility in the province of British Columbia.It is the main electricity distributor, serving more than 4 million customers in most areas, [3] with the exception of the City of New Westminster, where the city runs its own electrical department [4] and portions of the West Kootenay, Okanagan, the ...
*Waneta Dam has been wholly owned by BC Hydro since July 2018 [6] after Fortis BC finalized an agreement with Teck to sell its 66% interest in the dam, but BC Hydro had first rights to purchase the remaining 66% from its first 1/3 ownership deal.
BC Hydro then chose to purchase electricity under long-term contracts from independent power producers, and it continues to do so today. As of 2017 these annual purchases are about four times the capacity of Site C. Once the initial contracts with BC Hydro expire, these independent producers may be free to export their electricity. [16]
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BC Hydro also operates thermal power plants. The Burrard Thermal Generating Station contributes 7.5% and the remaining 14.5% of the electricity requirement was supplied by purchases and other transactions. [10] BC Hydro's last dam was completed in 1984, since then run-of-the-river projects with private partners have been built. Power production ...
Independent power producer (IPP) projects have had a significant presence in British Columbia since the 1980s. Their relationship with BC Hydro grew from the province's need to supply growing energy demands and implementation of the 2002 Energy Strategy, which mandated that BC Hydro would purchase its energy supply from IPPs rather than generating the supply itself.
The British Columbia Energy Regulator (BCER), formerly the BC Oil and Gas Commission, is the Crown Corporation responsible for energy regulation in British Columbia, Canada. [ 1 ] Established in October 1998, it has offices in seven cities: Fort St. John , Fort Nelson , Kelowna , Victoria , Terrace , Dawson Creek , and Prince George .
Hence, the BC Hydro and Power Authority Act merged BC Electric with another crown corporation, the BC Power Commission, into a newly formed BC Hydro which was co-chaired by Gordon Shrum of BC Electric and Hugh Keenleyside of BC Power Commission. [49] BC Hydro became responsible for the building of the dam, powerhouse and associated infrastructure.