Hydro’s Overflowing Dams, Huge Losses Due to Private Power
This is neither a complicated nor a long story – but it’s a tragic vindication for a hell of a lot of people who have been telling the story, ignored at best, more often vilified.
Look at page 1 of the story in the Vancouver Sun, May 11 under the heading “HYDRO AWASH IN PRIVATE POWER”, where you’ll see that BC Hydro is spilling water over its dams and missing a chance to make a huge profit and is, instead, sustaining a crippling loss all by reason of corrupt bargains it’s been forced to make with private companies.
Ask yourself how Hydro could lose money in one of the wettest years in history, when their reservoirs are chock-a-block full?
It’s because of the gross negligence of the Campbell/Clark government – supported by the mainstream media (which has refused to do its job and investigate the private power plan – a plan which compels Hydro to buy private power at double+ the market price.)
Yes, folks, the chickens I’ve been writing about for years have indeed come home to roost – BC Hydro is buying private power while spilling its own water over the dams. Your power company, instead of using the water in its reservoirs to make power for British Columbians, lets it spill away, unused, while it pours money into grasping private hands at immense profits to them and immense losses to us.
Moreover, BC Hydro – such is the surplus of power in the US – could be buying Bonneville Dam power for a song and flipping it into a neat profit.
The exposure of the evils of the so-called “run of river” scheme was first published by Dr. John Calvert in his book, Liquid Gold, which exposure has been re-emphasized by too many power experts to mention – though one must point out the work of our resident economist Erik Andersen, who has been putting the price of these corporate rip-offs in language we can all understand.
We at the Common Sense Canadian have had super back-up from our contributors. It’s dangerous to list some for fear of offending others but as the official spokesperson for the Common Sense Canadian I must give special thanks to John Calvert, Marvin Rosenau, Larry Dill, Joe Foy, Otto Langer, Rex Weyler and so many others who weren’t afraid to stick their heads above the parapet.
Do Damien and I feel vindicated?
You’re damned right we do, though it leaves a very bitter taste. For nearly three years we’ve traveled this province from meeting to meeting, trailed by power company stooges putting out the bullshit that we weren’t telling the truth while having no “facts” of their own to put forward. We’ve seen local media reporters have their reports of our meetings spiked by editors told from above to make no mention of our evidence. We’ve searched and waited in vain for just one major media editor to back up the simple truths we were disseminating.
The momentary pleasure that comes with vindication is massively overwhelmed when one tots up the damage including the destruction of 75 rivers and streams and the ecologies they sustain, with hundreds more to come; the destruction of salmon runs and resident Rainbows, Cutthroat, Dolly Varden and Bull Trout; clear-cuts for utterly unnecessary roads and transmission lines; the incalculable loss of wildlife; and last but scarcely least, the bankruptcy of BC Hydro (the only reason it isn’t officially bankrupt is that it can always raise money by raising rates and obtaining grants from the government – this means that British Columbia, its citizens and industries are bankrolling slick, greedy corporations as they cheerfully comply with the secret sweetheart deals the Campbell/Clark government has forced BC Hydro to give them. Yes, the profits from these corrupt deals are, for the most part, sailing out of the province directly out of your pockets and mine..
British Columbia has the right to have this whole sordid mess investigated – we are also entitled to a media that delves into this grossly negligent government action and lays the facts out before us.
I cannot leave without making special mention of Tom Rankin, who spent a fortune in his Save Our Rivers Society bringing the truth to the people. Damien and I are both much in his debt and the Common Sense Canadian was, in large part, inspired by Tom’s sacrifices.
There it is, folks, the truth is out and, in all likelihood, they’ll all get away with it.