Veteran battles Hydro One over meter

taxslave

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Nov 25, 2008
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Tell ya what CM....If it is a crown corporation then the citizens DO own it and it should be operated the way we dictate. That should be in a manner that is not based on increasing the bottom line but with rates that will sustain maintenance and upgrades. Anything like smart-meters should be put forth to the public for a referendum, not decided by some super-rich a$$hole who wants a bigger bonus and a few more 'fact-finding'trips to 5-star hotels in warm sunny places in January.

Funny that is exactly how it is run. If it was run on a capitalist model the rates would go DOWN with higher consumption but in a bid to buy greenie votes our government(which represents shareholders at BCH) decided to penalize people with electric appliances instead of NG ones.
 

PoliticalNick

The Troll Bashing Troll
Mar 8, 2011
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Since when does this one yahoo speak for everyone and therefore is able to unilaterally dictate to the utility how they operate?

As far as the speculation on the 'super rich azzhole' - you gotta link? A name? Any proof?

I didn't think so - just a whole lot of whining about how tough you have it.

Don't like it? Install a solar panel or wind turbine... That'll show him! No more fact finding missions or 5 star hotels!

It isn't just 1 yahoo. Almost every person I know is against smart meters and every one of them that knows anything about the program is totally against them. This is being rammed down our throats against the will of the majority of the populace.

Now as to the rich a$$hole(s)....
BC Hydro's former president, Bob Elton, made $750,000 last year, making him the highest-paid executive in the province's entire public service, according to figures released Thursday by the provincial government.

It was the third year in a row that the B.C. government has released details on the compensation of senior executives at the province's Crown corporations, universities, colleges and health authorities.

The release covered payments to senior executives during the just-concluded 2009-10 fiscal year.

Elton has been one of the top-paid public servants in the province for years, regularly earning more than $500,000.

His much-higher pay packet last year, $749,213 to be precise, was due in large part to him being moved out of his job at BC Hydro, which resulted in a $191,711 payout for unused vacation time.

The second-highest-paid public servant in the province last year, according to Thursday's figures, was Tom Bechard, managing director with Hydro's energy-trading arm Powerex, who earned $636,315.

University of B.C. president Stephen Toope was third at $579,332, former Interior Health CEO Murray Ramsden was fourth at $575,109, and PavCo head Warren Buckley was fifth at $562,307.

In all, more than 20 senior public-service executives earned $400,000 or more in the last fiscal year.

However, the salary data did not include school districts, which aren't required to disclose their pay information until September.

The list also didn't include the B.C. Investment Management Corp. (BCIMC), which invests funds on behalf of public-sector pensions.

In The Vancouver Sun's own public-sector salary database, based on data for the 2008-09 fiscal year, the Top 10 earners included four executives from BCIMC, including CEO Doug Pearce, who earned $1 million.

The B.C. government said BCIMC was not included in its data because fewer than half of its board members are appointed by government, meaning it is not subject to the Public Sector Employers Act.

The median year-over-year pay increase for those on the Top 20 list was six per cent, though that figure is skewed by a handful of people who saw big increases because they left their jobs or were promoted.

Four of those on the Top 20 list saw a slight decrease in their pay from the year before.

BC Hydro had the most people on the Top 20 list, at five (including energy-trading subsidiary Powerex), followed by ICBC (3) and the B.C. Securities Commission (2). Another 10 agencies had just one person each on the list.

However, not a single person employed directly by the government -- as opposed to a Crown corporation or agency -- made the list. The highest-paid deputy minister in the provincial government, Allan Seckel, made $312,702 last year, placing him well out of the Top 20.

A complete searchable database of 48,000 public servants, covering the 2008-09 fiscal year, is available online at vancouversun. com/pay.
Former BC Hydro CEO tops public-salary rankings
Hydro CEO Dave Cobb Quits to Work for Pattison Following Scathing Criticism of Liberal Energy Plan
Hydro CEO Dave Cobb Quits to Work for Pattison Following Scathing Criticism of Liberal Energy Plan -The Common Sense Canadian
This is a continuation of failures in BC Hydro management. The predecessor to Bob Elton (can't remember his name) was hired at an outrageous salary and when he proved incompetent after 6 months they gave him a $3,000,000 handshake to go away.

And then of course we have this BS....
Most of us, whether we live in Newfoundland, Ontario or on the North side of Burrard Inlet, are required to live in the world of financial reality and discipline; reality as to our incomes and debts.
In recent days, a number of articles have featured BC Hydro and its proposed increase in electricity rates. Perhaps it would be useful for readers to have additional context.

Prior to 2008, most citizens of our developed world participated in the biggest global credit bubble ever seen. In 2008, that financial fantasy ended.

One of the most dramatic indicators of that event, the collapse of international dry cargo shipping, was captured by the Baltic Dry Cargo Index.

The BDCI was designed to record international trade volumes in combination with shipping contract prices.

In June of 2008, the index showed a level of about 12,000 units. A mere six months later it was struggling at about 1,000 units and has not recovered since.

Prudent managers have known of this index for decades. They should also know it provides a leading indicator of international trade; not so at BC Hydro or in Victoria.

A corporate forecast can be considered the statement of investment intentions for its business and a credible forecast incorporates a sense of economic situational awareness.

In its 2003/04 forecast, BC Hydro managed to hit the forecast numbers for electricity sales in 2008; but the exaggeration of future demand included in its 2007/08 forecast showed corporate thinking was still contaminated by the bubble years.

As a result, despite the evidence of decreasing domestic demand for electricity from 2009 on, the 2010/11 forecast indicated that this bullish attitude continued to prevail. And despite the evidence of that shrinking demand, BC Hydro is planning for 14,000 units of new electricity by 2017 and for double that by 2031.

The amount of capital it takes to produce a unit of service or commodity is regarded as a good measure of operating efficiency. In the case of BC Hydro, the extent of its capital deployment is yet another indicator of trouble ahead for the corporation and for ratepayers.

Prior to 2008, Hydro managed to meet the electricity needs of its provincial customers with about $12 billion in deployed capital. The 2007 level of demand was about 53,000 units.
Since then, following directions from the provincial government, the corporation has increased its deployment to nearly $20 billion, to provide only 50,600 units.

In summary – BC Hydro used 67 per cent more capital to produce and deliver 5 per cent less electricity when it is normal to gain efficiencies from new investments, not lose them.
What have the bubble era and provincial policies produced in liabilities for BC Hydro?

Since 2007, liabilities increased by $6 billion. Additional liabilities for ratepayers reached $2.2 billion in 2011 and, according to B.C. Auditor General John Doyle it will not be long before that amount doubles.
The present value of the secret contracts BC Hydro has with independent producers is estimated to be a further obligation of more than $40 billion.

Using the costs and productivity of the proposed Site C dam as a metaphor for new power generation, to get 14,000 units of new electricity means a further $30 billion of liabilities.

It seems pointless to ask the perpetrators why this disconnect with the real world exists but perhaps the answer can be found elsewhere.

In 2006, President Bush granted a group of undisclosed people dominion over all electricity production in North America. The North American Electricity Reliability Corporation (NERC) was launched and immediately recognized in Canada with a Memorandum of Understanding between it and the National Energy Board. Since then NERC has secured enforcement status in several provinces including Ontario. Enforcement means the legal right to fine electricity producers large amounts of money for non-compliance.

This may help the reader understand why our government has pushed aside the BC Utilities Commission. NERC is about serving private interests ahead of the public interest of B.C. citizens.

It is way past time for BC Hydro to throw out the anchor but maybe it never was the game plan to curb itself before it was beyond saving as a public asset.

I leave it to you to judge whether this period of exaggerated demand forecasting and Hydro’s attendant spending was, or is by accident or design.

Whichever is your answer there is no avoiding the certainty that you will be called upon to pay up big time.
The Profiligate BC Hydro -The Common Sense Canadian
But what the H.....you seem to be ok with all this even though it's your wallet footing all the bills. :roll:
 

captain morgan

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It isn't just 1 yahoo. Almost every person I know is against smart meters and every one of them that knows anything about the program is totally against them. This is being rammed down our throats against the will of the majority of the populace.


Great... Then don't accept them and see if BC Hydro complies. If and when they do, just don't bitch that they upped the costs to hire a couple thousand meter readers to confirm the data... If they don't, then get off the grid and you'll really show those fat cats a thing or 2

Now as to the rich a$$hole(s)....
Former BC Hydro CEO tops public-salary rankings

But what the H.....you seem to be ok with all this even though it's your wallet footing all the bills.


I never realized that a 'tycoon' in BC was defined by an individual that had an after-tax income of $375k... Impressive, he might even qualify for a mortgage in Kits with that income:roll:
 

PoliticalNick

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Mar 8, 2011
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Great... Then don't accept them and see if BC Hydro complies. If and when they do, just don't bitch that they upped the costs to hire a couple thousand meter readers to confirm the data... If they don't, then get off the grid and you'll really show those fat cats a thing or 2



I never realized that a 'tycoon' in BC was defined by an individual that had an after-tax income of $375k... Impressive, he might even qualify for a mortgage in Kits with that income:roll:
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Who called anyone a 'tycoon'? Oh yeah, you did trying to be dramatic and because you have no real answer for all the links I gave you.

I forgot you are Mr ultra-conservative! You make enough for what you want so who cares if govts are wasting money on useless people and projects like it's water while the people they supposedly represent live with ever greater financial burdens at home and at tax time.

Why should you care if our representatives are giving control of our resources and what we pay for them to foreign nations? Why would you ever care about what is right or wrong as long as you can afford your cottage and boat? It is people like you who are apathetic to this sell-off of our country and our earnings that are a bigger problem than the govts themselves.

And just an FYI before you start clamoring about how I should get a job or such - My spouse and I made just shy of a quarter million last year so it ain't about if I can afford it. It is about the people of this country not having any say or control over what we collectively own and how our tax contributions are spent and our privacy being invaded and our rights violated.
 

captain morgan

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Mar 28, 2009
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Who called anyone a 'tycoon'? Oh yeah, you did trying to be dramatic and because you have no real answer for all the links I gave you.

I figured with all of your drama that tycoon was a good segue into your next tirade, especially based on your statement that since most people you know are against the meters, therefore it's a provincial majority.

Talk about drama and over zealousness

I forgot you are Mr ultra-conservative! You make enough for what you want so who cares if govts are wasting money on useless people and projects like it's water while the people they supposedly represent live with ever greater financial burdens at home and at tax time.

Don't tell me that you're just figuring-out that gvts waste money hand over fist.... Hell, you're in BC right?.. Your province has a rich tradition of wasting money and then driving out private sector capital by trying to fleece them through taxes.

Why should you care if our representatives are giving control of our resources and what we pay for them to foreign nations? Why would you ever care about what is right or wrong as long as you can afford your cottage and boat? It is people like you who are apathetic to this sell-off of our country and our earnings that are a bigger problem than the govts themselves.

I never realized that the installation of smart meters was a resource sell-off.

I guess that you learn something everyday

And just an FYI before you start clamoring about how I should get a job or such - My spouse and I made just shy of a quarter million last year so it ain't about if I can afford it. It is about the people of this country not having any say or control over what we collectively own and how our tax contributions are spent and our privacy being invaded and our rights violated.

Great, factor in what buddy and his wife make (assuming he has one) and they probably made close to 7 figures.... They still paid 4 times the amount of taxes you did.
 

PoliticalNick

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Mar 8, 2011
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Don't tell me that you're just figuring-out that gvts waste money hand over fist.... Hell, you're in BC right?.. Your province has a rich tradition of wasting money and then driving out private sector capital by trying to fleece them through taxes.
I've know it for a long, long time. Unlike you though I'm not gonna sit around and happily let it happen because I earn well above average and can afford all I want.

No,I'm in Alberta, I just lived in BC for 40 years.
I never realized that the installation of smart meters was a resource sell-off.

I guess that you learn something everyday
If you bothered to read what I posted about how our utility corps are now under the control of American companies who want to take our power. The smart meters will allow them to turn our stuff off so they can send more down south....probably for less than what we will pay.


Great, factor in what buddy and his wife make (assuming he has one) and they probably made close to 7 figures.... They still paid 4 times the amount of taxes you did.
If they did they should fire their tax accountant. My sister and her hubby make almost double what we do and barely pay more taxes. Not that I pay a huge amount. Tax shelters and deferrals are great ya know!
 

taxslave

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Nov 25, 2008
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AND all the lefties conveniently forget to remember that during the dark days of dipper mismanagement hydro rates were kept artificially low to buy votes. We are still paying for that manoeuvre. Same as they did for post secondary education. But they sure ran up the cost of government.
 

hunboldt

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May 5, 2013
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Don't like it? Install a solar panel or wind turbine... That'll show him! No more fact finding missions or 5 star hotels!



Nope... I used Marx for a reason.

Nice try at a deflection though... I take it from your inability to respond to the actual points that you don't have any tangible points to support your position?

You are both badly misusing the word deflection , and taking a strange pot-shot at the rather congruent positions taken by the Curia under John Paul the II.

May I assume you belong to one of the fringe faiths that 'View the Church of Rome as the 'Scarlet Woman or Babylon' or some strange atheist libertarianism?
 

captain morgan

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Mar 28, 2009
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I've know it for a long, long time. Unlike you though I'm not gonna sit around and happily let it happen because I earn well above average and can afford all I want.

I vote with my dollars... And this isn't about affordability, it's about accountability


If you bothered to read what I posted about how our utility corps are now under the control of American companies who want to take our power. The smart meters will allow them to turn our stuff off so they can send more down south....probably for less than what we will pay.

Nothing stopping you from getting in on the action. The US dollars are investing in Canadian resources as they understand the value... Too bad that Canadians don't actually take the time to understand that


If they did they should fire their tax accountant. My sister and her hubby make almost double what we do and barely pay more taxes. Not that I pay a huge amount. Tax shelters and deferrals are great ya know!

Deferrals are exactly that - paying the piper at a later date, but make no mistake, that bill gets paid in full every time.

As far as shelters are concerned, there are limitations and I sincerely hope that your sister and brother in law have a strong accountant that is fully insured and bonded... Get on the wrong side of the CRA and you'll find out very quickly the power that they have and how fast they can freeze accounts and seize assets

You are both badly misusing the word deflection , and taking a strange pot-shot at the rather congruent positions taken by the Curia under John Paul the II.

May I assume you belong to one of the fringe faiths that 'View the Church of Rome as the 'Scarlet Woman or Babylon' or some strange atheist libertarianism?

Nope... Yours is nothing but an ineffective deflection of the issue. It is proof-positive that you have no leg to stand on relative to this issue, unless, of course, you are suggesting that the Vatican and John Paul II are complicit on the installation of smart meters in select Canadian provinces.
 

hunboldt

Time Out
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I vote with my dollars... And this isn't about affordability, it's about accountability




Nothing stopping you from getting in on the action. The US dollars are investing in Canadian resources as they understand the value... Too bad that Canadians don't actually take the time to understand that




Deferrals are exactly that - paying the piper at a later date, but make no mistake, that bill gets paid in full every time.

As far as shelters are concerned, there are limitations and I sincerely hope that your sister and brother in law have a strong accountant that is fully insured and bonded... Get on the wrong side of the CRA and you'll find out very quickly the power that they have and how fast they can freeze accounts and seize assets



Nope... Yours is nothing but an ineffective deflection of the issue. It is proof-positive that you have no leg to stand on relative to this issue, unless, of course, you are suggesting that the Vatican and John Paul II are complicit on the installation of smart meters in select Canadian provinces.

Probably the opposite. The idea of syncretism is that a 'natural monopoly' is not to be used to unfairly exploit a market, or to drive a populace out of their areas or occupations. the Church has no objection to the working of free and fair markets, but condemns the creation of artificial monopolies as a means to exploit excessive 'rentes'.

You would do well to at least read the corpus.
 

captain morgan

Hall of Fame Member
Mar 28, 2009
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Probably the opposite. The idea of syncretism is that a 'natural monopoly' is not to be used to unfairly exploit a market, or to drive a populace out of their areas or occupations. the Church has no objection to the working of free and fair markets, but condemns the creation of artificial monopolies as a means to exploit excessive 'rentes'.

What's stopping you from getting into the game and starting-up your own utility?.. Does the law in BC forbid this potential?

You would do well to at least read the corpus.

Sure, some day I'll give it a go, but for now, it has no bearing on the issue of smart meters in Canada