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Power buying spree will generate rate hikes

from The Times Colonist

British Columbians can expect a rate shock on their electricity bills in coming years as B.C. Hydro is set to lose almost $1 billion because of an enormous surplus of power, says the Opposition NDP. Newly released Hydro documents show the Crown corporation, which in 2008 was warning of blackouts caused by a maxed-out power grid, has so many long-term private power contracts that it's running a 10-year surplus of power, said NDP critic John Horgan. more

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