George Abbott said during last night's televised provincial Liberal leadership debate he would allow BC Hydro Corp. to go ahead with a proposed rate increase of 50 percent. The reason: that increase is necessary to support "long overdue" investments in the Crown corporation's infrastructure. But one of the two examples he cited - the northwest transmission line - isn't exactly "very important" to the general public. Instead, it would be fairer to say the line is "very important" to mining companies and independent power producers looking to operate in the region. Its total capital cost is estimated to be $395 million - with taxpayers footing $215 million of that bill.
February 21, 2011