January 30, 2015 10:37 AM ET

Electric Utilities

Company Overview of British Columbia Hydro and Power Authority

Company Overview

British Columbia Hydro and Power Authority, an electric utility, together with its subsidiaries, is engaged in the generation, transmission, distribution, and supply of electricity in British Columbia, Canada. It operates 31 hydroelectric facilities and 3 thermal generating plants with installed generating capacity of approximately 12,000 megawatts; and serves approximately 1.9 million residential, commercial, and industrial customers. The company delivers electricity to customers through a network of approximately 76,000 kilometers of transmission and distribution lines, 300 substations, 1 million utility poles, and 325,000 individual transformers. It is also involved in marketing wholesale...

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
Chief Executive OffiCer of Powerex Corp and President of Powerex Corp
President of Powertech and Chief Operating Officer of Powertech
Senior Vice President of Corporate Resources and General Counsel
Compensation as of Fiscal Year 2014.

British Columbia Hydro and Power Authority Key Developments

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.

LNG Canada Signs Power Agreement with BC Hydro to Use Clean and Renewable Electricity from BC Hydro for its Proposed Export Facility in Kitimat

BC Hydro and LNG Canada have signed a power agreement to allow for LNG Canada to use clean, renewable electricity from BC Hydro for a portion of the power needed for its proposed export facility in Kitimat. This is the first power agreement signed in British Columbia with an LNG proponent. The agreement covers a portion of the electricity supply that will be required to power the commissioning and operation of LNG Canadas proposed facility all auxiliary power needs. LNG Canada will use natural gas turbines to drive the refrigerant compressors to chill natural gas into liquid form. The agreement also details the development, operation and maintenance of transmission infrastructure required to connect the proposed facility to BC Hydros grid. LNG Canada will fund the improvement of the infrastructure.

BC Hydro Announces Management Changes

BC Hydro announced that Jessica McDonald has been appointed as President and CEO. The appointment comes after a three-month search initiated in February when current President and CEO, Charles Reid, announced plans to retire. Most recently, McDonald has served as an independent consultant specializing in management and organizational performance, and commercial mediation and negotiation. Ms. McDonald will officially take on her new duties on July 14, 2014. McDonald currently serves on the Board of Directors for ICBC.

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