Higher rates because LNG projects not given green light? Mining is a factor?
Yes I know your supplier is Fortis not BC Hydro.
BC Hydro has applied to the B.C. Utilities Commission for an interim rate increase of four per cent for fiscal 2017, effective April 1.
The requested hike is equivalent to an extra $4 per month per residential customer according to Hydro CEO Jessica McDonald.
McDonald says the increase is in line with the utilities’ 10-year plan, but the application is for an interim increase while Hydro buys time to rework its forecasts in light of the decline mining sector and changes to the LNG landscape.
“The changes, that we need a little bit of time to rework our forecast around, are due primarily to changes in the mining sector, said McDonald.
