BC Hydro : the effects of rate-regulated accounting. --
Page 19 of 19 Comparison to other Hydros....
There's this little game that various Hydro companies in North America use to compare their rates to other Hydro companies. The game involves using different methods of comparison. It would be so much easier for consumers if Hydro rates were subjected to the same test that Bath Tissue is NOW subjected to, eh.
ooooops..... and as the RCMP and Victoria Police were making their plans on a Raid of the Legislature, the BC Liberals were experiencing a lack of funding for BC Hydro because the transmission system was "showing signs of strain..." Page 36 of 293
3.6 System Control Modernization Study Deferral Account
On December 15, 2003 BCTC also applied-for a SCMS Deferral Account to become effective immediately. BCTC stated that its existing operations and control infrastructure is showing signs of strain, which is limiting effective and reliable operation of the transmission system and that proper backup systems for existing control centres are inadequate. BCTC advised that is has begun work on a SCMS and that the Definition Phase involves system configuration and facilities specifications studies and the development and refinement of a business case and detailed project plan.
By Order No. G-1-04 the Commission granted approval for the immediate establishment of a SCMS Deferral Account and ordered that the actual Definition Phase costs are not to exceed the total sum of $2 million. Approval was granted for recovery of the balance of the SCMS Deferral Account in the event the Project is not approved for construction or is not built for some other reason and, if a CPCN is granted for the Project, approval was granted to capitalize the balance along with other project costs. In either event, the Commission ordered that the costs will be subject to a prudency review at a later date.
A click on the above link related to Order No. G-1-04 has several interesting articles, including those written by "Erik Andersen" on Page 2 of Google results.
First of Erik Andersen's Post for June 18, 2012 includes comments regarding the Baltic Dry Index.
What!? What has the Baltic Sea got to do with BC Hydro.......? Nothing. Its called BALTIC DRY INDEX.
And when you've finished reading the consequences of the BDI, read on with earlier Posts written by Erik Andersen.