Port Angeles Juan De Fuca Transmission Profect

Author : John Calvert
Publisher : Fernwood Publishing
ISBN 13 :
Total Pages : 268 pages
Book Rating : 4.F/5 ( download)

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Download or read book Liquid Gold written by John Calvert and published by Fernwood Publishing. This book was released on 2007 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: Secure, reliable, and affordable electricity has been one of British Columbia's most important competitive advantages and a key contributor to the province's prosperity. Historically, BC Hydro's prices have been based on the actual cost of producing publicly owned energy rather than the volatile international electricity market. But under recent government policy changes, BC Hydro will no longer produce its own energy: instead it must purchase it from private power developers through expensive long-term energy contracts. Yet despite paying very high prices, B.C. customers get no assets, no price protection, and no guarantee of future security of supply. The government's policies are also triggering an environmental nightmare, as dozens of private power plants are being built on pristine rivers, regardless of their impacts on fish, wildlife, First Nations, and local communities. John Calvert shows how the government is supplanting B.C.'s successful public system with a deregulated private sector model that will enrich private power developers and undermine B.C.'s ability to control future energy development. In giving away B.C.'s renewable energy future, the government is needlessly exposing ratepayers to the risks of the volatile U.S. energy market. Over time, Calvert argues, the new policies will result in the destruction of BC Hydro, the province's most valuable Crown corporation. Book jacket.