Provincial auditor says BC Hydro is doing an excellent job managing belongings valued at $25 billion

File photo. (CBC).
File photograph. (CBC).

BC Hydro is doing an excellent job managing the province’s dams, producing stations and energy strains, in accordance to B.C.’s auditor common.

Carol Bellringer’s report says BC Hydro’s belongings are price greater than $25 billion.

The audit mentioned although some producing services are greater than 85-years-old, they proceed to run practically at full capability.

Bellringer says Hydro invested round $2.5 billion to resume, restore or exchange belongings it manages within the final fiscal yr from the beginning of April 2017 to March 31, 2018.

The report says electrical service offered to British Columbians comes from Hydro’s dams, mills, energy strains and poles, substations and transformers, which makes up about 80 per cent of the Crown firms belongings.

The audit doesn’t embody the $10.7 billion Website C dam mission in northeastern B.C. that’s at present beneath development and never slated for completion till 2024.

Bellringer says BC Hydro made asset administration an organizational precedence greater than a decade in the past.

She says the company has good asset administration practices because of that plan “and related efforts to hold out the plan, not by chance.”

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