Province to bail out B.C. Hydro with $1.1 billion to help limit rate hikes - best electric toothbrush to buy

The private electricity contract will "cost taxpayers $16 ".
In 2 billion, it is estimated that during this period B. C.
The water and electricity company may not need instructions from the government to buy B. C.
Michelle Munger, Minister of Energy: "The report makes it clear that taxpayers have paid billions of dollars for electricity due to the decision of the previous government.
Electricity bill for Adrian Lin/Victorian colonial BC.
The province's energy minister said on Thursday that it will rise more than eight percentage points over the next five years, but 40 percentage points less than previously predicted by the former Liberal government.
Michel Munger said the Royal Company's internal review found a way for the former government to reduce its forecast for interest rate growth.
The national democratic government will write down $1, Munger said.
B. extension fee 1 billionC.
Hydro's books reduce the increase in rates.
Increase 1 for the first time.
April 1 will be implemented on a monthly basis if adjusted independently. C.
Mungall said the utilities commission approved the increase.
She said the interest rate proposed by the former government would rise by 2.
In April, with further growth in the coming years.
Increase 0 for the second time.
It is planned to provide 7 percentage points in April 1, 2020.
"We are committed to finding as many reductions as possible from existing plans under B, as many as possibleC.
Liberals, we 've been looking for every penny we can pinch in every corner, "Munger said at a news conference.
"We found this and were able to reduce the growth rate by 40. ”Recently, B. C.
Carol Bellinger, the Auditor General of Hydro, said Hydro had accumulated $5.
Of the 29 Deferred expense accounts, 5 billion, some of which are scheduled to be repaid within 40 years.
"We were able to do this because we were advised to review B. C.
Hydro stop using rate-
Smooth the regulatory account and write off its balance to zero on 2018
Mungall said he was referring to an account that delayed debt repayment to some point in the future.
Listen: Mike Smith and Rob Shaw answered B. C.
Address of the NDP government
Why are all populist measures? Can the B. C.
Did the government really change your phone bill?
What do allies and critics say about the speech?
Smith and Shaw also talked about the Liberal Party's Linda Reid having to step down as assistant deputy speaker, and Prime Minister John Hogan declined to open an appeal to investigate money laundering.
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The government also promised to allow expansion of the B. C. Hydro by the B. C.
Water and Electricity Commission
Mungall said the utility board could provideC.
Eyes outside of water and electricity.
"As we can see, governments sometimes play politics.
She said the censorship is to move politics from B. C.
Hydro and put it back on a solid financial path.
Related B. C.
The hydropower company's private power project wasted billions of dollars, and the new report, Vaughan Palmer, said: the taxpayer's report shows a shocking disruption to the hydropower company to postpone the cost to $5.
5 billion, the auditor general and opposition critic Greg Kyllo said in a statement that the government plans to make the wrong efforts to make the interest rate affordable. “B. C.
"Due to the investment of our former government, the interest rate in North America is currently the fifth lowest, but our system is aging and our population is growing," Kyllo said . ".
"That means we need to invest more than $2 billion a year in new and upgraded infrastructure.
It was announced after a report commissioned by the national democratic government was released. C.
Hydro customers will pay $16 billion over the next 20 years as the former government is pressing Crown utility to sign contracts with independent power producers.
Mungall said the finding made it impossible for the NDP to keep its promise to freeze interest rates.
The report says the Liberal Party has made a product that is in urgent need of electricity, but has limited it. C.
Forcing utilities to switch to private producers and sign long-term contracts
Sign regular contracts at high prices. A former B. C.
Ken Davidson, director of the Treasury Board of Directors, wrote the study, which estimated the cost of the average residential B. C.
In the next 20 years, Hydro customers will reach about $4,000, or about $200 a year.
Davidson's report suggests buying all future energy at market prices and finding B. C.
Hydropower must be allowed to fulfill its supply obligations through reasonable market trading levels, rather than generating electricity in the province.
The government has launched two
B phase reviewC.
Water and electricity in last June, efforts to determine the cost savings of utilities.
Munger said the Davidson report was also against B. C.
Water and electricity are mainly running-of-
River producers, whose electricity is provided mainly during spring operation-
A. rest, B. C.
Power is not required.