File photo. (CBC).
BC Hydro is doing a good job managing the province’s dams, generating stations and power lines, according to B.C.’s auditor general.
Carol Bellringer’s report says BC Hydro’s assets are worth more than $25 billion.
The audit said even though some generating facilities are more than 85-years-old, they continue to run nearly at full capacity.
Bellringer says Hydro invested around $2.5 billion to renew, repair or replace assets it manages in the last fiscal year from the start of April 2017 to March 31, 2018.
The report says electrical service provided to British Columbians comes from Hydro’s dams, generators, power lines and poles, substations and transformers, which makes up about 80 per cent of the Crown corporations assets.
The audit does not include the $10.7 billion Site C dam project in northeastern B.C. that is currently under construction and not slated for completion until 2024.
Bellringer says BC Hydro made asset management an organizational priority more than a decade ago.
She says the corporation has good asset management practices as a result of that plan “and associated efforts to carry out the plan, not by accident.”
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