Hydro CEO Cobb Predicts End to Govt’s “Self-Sufficiency” Policy


Read this blockbuster story from the Vancouver Sun revealing an internal conference call on August 12 in which Hydro CEO Dave Cobb criticizes the government’s IPP policy and predicts an end to its artificial “self-sufficiency” and “insurance” requirements that have helped justify the program.

“If it doesn’t change, it would be hundreds of millions of dollars per
year that we would be spending of our ratepayers’ money with no value in
return,” said Cobb. “The way the self-sufficiency policy is defined now
… would require us to buy far more long-term power than we need.” (Aug 20, 2011)



About Damien Gillis

Damien Gillis is a Vancouver-based documentary filmmaker with a focus on environmental and social justice issues - especially relating to water, energy, and saving Canada's wild salmon - working with many environmental organizations in BC and around the world. He is the co-founder, along with Rafe Mair, of The Common Sense Canadian, and a board member of both the BC Environmental Network and the Haig-Brown Institute.