(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

Surrey mom says Liberal budget falls short in helping people with autism

Louise Witt, whose son has autism, says budget provisions like ‘putting a Band-Aid on a cancer’

South Surrey mother guilty of second-degree murder in death of daughter

Lisa Batstone ‘took seven decades of Teagan’s life’

Surrey RCMP release sketches of sex assault suspect after woman ‘groped’ in Newton

Police say the woman got away but the suspect allegedly followed her to her front door

Missing Surrey woman ‘located and safe,’ police say

Kayla Amy Smith, 30, who was reported missing last month

‘Scrappy’ Cloverdale team rallies but falls short in bid for B.C. hockey championship

In the end, Colts placed third in the province at top-tier Bantam tournament in Prince George

STRONG, PERSEVERING AND PROUD: Surrey Pride celebrates 20 years with biggest party yet

PART ONE: A special series on the past, present and future of our LGBTQ+ community

VIDEO: Giants take a 1-0 playoff series lead

Vancouver beat Seattle 7-1 in game one of the best-of-seven Western Conference series in Langley

‘Families torn apart:’ Truck driver in fatal Broncos crash gets 8-year sentence

Judge Inez Cardinal told court in Melfort, Sask., that Sidhu’s remorse and guilty plea were mitigating factors

Boy who went missing from park remains largest probe in Victoria police history

The four-year old Victoria boy went missing without a trace on March 24, 1991

Six ‘distraction thefts’ in two days spark warning to seniors by Vancouver police

Distraction thefts are used to steal jewelry off the necks of unsuspecting women

WestJet sticking with Boeing 737 Max once planes certified to fly

WestJet had expected to add two more of the planes this year to increase its fleet to 13

B.C. driver caught going 207 km/h on motorcycle along Okanagan Highway

A motorcyclist was caught by Kelowna RCMP going 207 km/h on Highway 97C

Protective human chain forms around B.C. mosque for Friday prayer

Vancouver Islanders stand arm-in-arm to show support in aftermath of New Zealand shootings

WATCH: Popular Glow festival faces cancellation in dispute over farm land

Langley’s Darvonda Nurseries received a compliance assessment notice from the ALC on March 5.

Most Read