â–º Listen Live
- Advertisement -
- Advertisement -

BC HYDRO to get billion dollar bailout, raise rates

The province is going to bail out B.C. Hydro to the tune of $1.1 billion dollars.

That’s expected to limit rising electricity bills, but it won’t eliminate the increases as the NDP government had promised during the election campaign.

The NDP government says since taking power it has discovered the Liberal government had signed a money-losing deal with private power producers and now we are all on the hook for that.

Besides the billion dollar bailout, B.C. Hydro electricity bills will increase by 1.8 per cent on April 1st and .7 per cent on April 1st of 2020, for a total rate hike over the next five years of of 8.1 per cent.

with files from Sharon VanHouwe, MyCowichanValleyNow.com

Something going on in the Bulkley Valley Lakes District you think people should know about?
Send us a news tip by emailing [email protected].

Continue Reading

cfbv Now playing play

- Advertisement -

Related Articles

Latest News

Report makes six recommendations on event safety after Lapu Lapu festival tragedy

A report commissioned by the B.C. government after a deadly attack at the Lapu Lapu festival in Vancouver makes a number of recommendations to improve security at public events.

Shoreline health survey being conducted at Francois Lake

Francois Lake’s shoreline is getting a checkup this summer...

B.C. SPCA welcomes proposed ban on exotic cats

The B.C. SPCA is welcoming proposed regulations from the B.C. government to ban all exotic cat species. 

RCMP seeking two men after explosion outside MLA Bowinn Ma’s North Van office

RCMP have released images of two men they believe were involved in an explosion last month in North Vancouver, which damaged the front door of the building housing the constituency office of B.C. NDP MLA and cabinet minister Bowinn Ma.

Smithers Hamhuis to be inducted into BC Hockey Hall of Fame

Dan Hamhuis walked through every door that came open...
- Advertisement -