August 24, 2016 7:04 AM ET

Electric Utilities

Company Overview of British Columbia Hydro and Power Authority

Company Overview

British Columbia Hydro and Power Authority, together with its subsidiaries, generates, transmits, distributes, and sells electricity in Canada. The company operates 30 hydroelectric facilities and 2 thermal generating plants, as well as 79,000 kilometers of transmission and distribution lines. It delivers electricity to approximately 4 million residential, commercial, and industrial customers. The company is also involved in buying and selling wholesale power, renewable and low-carbon energy, related products, natural gas, ancillary services, and financial energy products; providing research and development, testing, technical services, and advanced technology services. British Columbia Hydr...

333 Dunsmuir Street

Vancouver, BC V6B 5R3

Canada

Founded in 1860

Key Executives for British Columbia Hydro and Power Authority

Chief Executive Officer and President
Chief Financial Officer and Executive Vice President of Finance
Chief Executive OffiCer of Powerex Corp and President of Powerex Corp
President of Powertech and Chief Operating Officer of Powertech
Deputy Chief Executive Officer
Compensation as of Fiscal Year 2016.

British Columbia Hydro and Power Authority Key Developments

BC Hydro Completes $272 Million Project to Refurbish Generating Units at GMS

BC Hydro has completed a $272 million project to refurbish five generating units at the GM Shrum generating station, or GMS, in British Columbia. The refurbishments make the units more efficient and allow the facility to generate more power with the same amount of water flowing through. With the completion of this most recent project, BC Hydro has now made significant upgrades to eight of the facility's 10 units.

The BC Hydro and Power Authority Sign Agreements with Zero Emission Energy Developments Inc. for New Wind Farms Near West Kelowna

The BC Hydro and Power Authority has signed agreements with Zero Emission Energy Developments Inc., or ZED, for new wind farms near West Kelowna, Summerland and Taylor that will provide enough electricity to power 14,000 homes a year. The agreements, with White Rock-based developer Zero Emission Energy Developments Inc., were signed under BC Hydro's Standing Offer program - a program that offers a simplified, streamlined procurement process for small clean energy projects in B.C. The three projects will add about 45 megawatts of clean wind capacity to BC Hydro's system. Once built, the projects will bring BC Hydro's total capacity of wind power to more than 700 megawatts.

The District of Tofino and The District of Ucluelet Announces Collaboration with Four Companies to Bring Improved Internet Service to West Coast of Vancouver Island Communities of Ahousaht, Tofino and Ucluelet

The District of Tofino and the District of Ucluelet announced that a collaboration with TELUS, BC Hydro, All Nations Trust Company and the Province of British Columbia will bring improved Internet service to the West Coast of Vancouver Island communities of Ahousaht, Tofino and Ucluelet. Expected to be completed in early 2016, the multi-million dollar Highway 4 fibre optic cable installation project will improve capacity, alleviate congestion, and significantly improve the quality of Internet service for residents, businesses and visitors. According to TELUS, the new fibre optic infrastructure has the potential to support home Internet at speeds up to 50 million bits per second depending on their distance from TELUS equipment (approximately 10 times faster than currently available technologies). The first stage of the fibre optic cable construction will take place from Great Central Lake to the Long Beach Junction and is expected to begin in late spring or summer 2015. BC Hydro has already begun to prepare existing poles to support the additional weight of the fibre lines. Once complete, TELUS will string the new fibre optic cable along the fortified hydro poles. While weather will dictate the pace of work during the winter months, all parties anticipate the project will be complete by early 2016.

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