BC Hy­dro man­ag­ing its bil­lions in cap­i­tal as­sets well

Asian Journal - - ASIAN JOURNAL -

Vic­to­ria: The Of­fice of the Au­di­tor Gen­eral of Bri­tish Columbia has re­leased a re­port, In­de­pen­dent Au­dit of Cap­i­tal As­set Man­age­ment in BC Hy­dro.

“We found no sig­nif­i­cant de­fi­cien­cies in BC Hy­dro’s as­set man­age­ment sys­tems, ac­tiv­i­ties and prac­tices. As a re­sult, we have no rec­om­men­da­tions in this au­dit,” said Carol Bell­ringer, au­di­tor gen­eral. As­set man­age­ment is the pur­pose­ful and longterm pro­cesses that aim to get the great­est ef­fi­ciency, for the low­est cost, out of an as­set over its life­time. Good as­set man­age­ment is es­sen­tial for BC Hy­dro to de­liver on its mis­sion to safely pro­vide re­li­able, af­ford­able, clean elec­tric­ity through­out Bri­tish Columbia.

BC Hy­dro man­ages a to­tal of about $25 bil­lion in as­sets. About 80% of its as­sets are things like dams, gen­er­a­tors, power lines and poles, sub­sta­tions and trans­form­ers that are used to pro­vide elec­tri­cal ser­vice to the peo­ple of Bri­tish Columbia. From April 1, 2017, to March 31, 2018, BC Hy­dro in­vested al­most $2.5 bil­lion to re­new, re­pair or re­place the as­sets it man­ages.

Con­tin­ued on page 11

Carol Bell­ringer

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.