FortisBC filling its coffers with power rates

"There has never been any discussion on internal charges that Fortis may also be claiming for capital projects under taken."

At the risk of being boring on the topic of Fortis’s continuing power rate increases, and their attempts to publicly justify them, there needs a little more information to the recent letter published in the Trail Times from Fortis’s head office (“FortisBC responds to reader’s letter on rates” Trail Times Jan. 15).

The letter stated the Fortis had invested a billion dollars in the system upgrades.

The statement is true, but lets look at the details and who has the responsibility for the debt?

The public utilities commission has allowed Fortis to assume 40 per cent of the debt, while the responsibility for the 60 per cent of the billion is you and I the ratepayers.

Fortis’ profits from our share of the debt of $600 million, is about $50 million for just being in the room and not have the primary responsibility for debt payment.

The Public Utilities Commission has also allowed Fortis to take millions annually in a special bonus for what is called risk investment in the company.

There has never been any discussion on internal charges that Fortis may also be claiming for capital projects under taken.

According to the Dermod Travis column (“What’s good for the B.C. Liberals may not be good for B.C. Hydro” Trail Times Feb. 17), Quebec has the second lowest rates in Canada, the rate increases from 2007 to 2015 was 17.1 per cent. In that same time period B.C. rates have increased a dramatic 63.2 per cent.

To make matters worse we have 11 power generating facilities in our immediate area, the highest density per square mile of anywhere in the world.

We now can also claim to have the highest power rate in Canada with Fortis’ new two tier rate structure that is generating millions to Fortis’s revenue.

Norm Gabana

Trail

Just Posted

Starbucks baristas in Trail donate $7,000 in tips

Funds will go toward the breakfast program in five Kootenay Columbia elementary schools

Good fencing makes good neighbours— especially when your neighbours are bears

Workshop in Pass Creek this weekend to promote benefits of proper protection for livestock

Feeling the heat

What you see: If you have a recent photo to share email editor@trailtimes.ca

Air time at Trail Sk8 Park

The Trail Sk8Park is located near the Gyro Park boat launch

B.C. MP’s climate-change alarmism challenged

Letter to the Editor from Thorpe Watson, PhD, Warfield

People flocking to Vancouver Island city to see hundreds of sea lions

Each year the combination of Steller and California sea lions take over Cowichan Bay

Commercial trucks banned from left lane of Coquihalla

B.C.’s Ministry of Transportation has introduced a new program that hopes to prevent accidents and closures on the Coquihalla Highway.

B.C. on track to record same number of overdose deaths as last year

128 people died of overdoses in September, bringing the total to more than 1,100 so far in 2018

B.C. firefighters rescue horse stuck in mud

‘It happens more often than you’d think,’ says deputy chief

Canadians more prepared for weather disaster than financial one: poll

RBC recommends people check their bank app as often as the weather app

B.C. dog owner sues after pet killed in beaver trap

A Kamloops man is suing the operator of a trapline north of the city after his dog died

Heading soccer balls can cause damage to brain cells: UBC study

Roughly 42 per cent of children in the country play soccer, according to statistics from Heritage Canada

Supreme Court hears case on migrant detainees’ rights to challenge incarceration

Currently, migrants who do not hold Canadian citizenship can only challenge detention through an immigration tribunal or a judicial review.

Canada Post issues new offer to employees as eBay calls on Ottawa to end strikes

Ebay is calling on the federal government to legislate an end to the Canada Post contract dispute, warning that quick action is needed to ensure retailers don’t lose out on critical Black Friday and Cyber Monday sales.

Most Read