tag:blogger.com,1999:blog-1414404348331965096.post1953996871216255642..comments2023-03-17T01:11:37.569-07:00Comments on How Bad is The Record: On BC Hydro 's Public Billings andCalifornia's DebtGary Ehttp://www.blogger.com/profile/10640964040603349900noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1414404348331965096.post-46313204994771898112012-03-24T04:17:19.334-07:002012-03-24T04:17:19.334-07:00I just found this blog has California ever paid it...I just found this blog has California ever paid it's bill.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1414404348331965096.post-23305449221221768592009-03-02T06:48:00.000-08:002009-03-02T06:48:00.000-08:00North Van's GrumpsThankyou for the valuable inform...North Van's Grumps<BR/><BR/>Thankyou for the valuable information you have given here.<BR/><BR/>For those not in the know, Powerex is a wholly owned subsidiary of BC hydro. and FERC is the US Federal Energy Regulation Commission.<BR/><BR/>This litigation certainly does make the BC Rail trial look faster at this point. But the way the trial is moving forward I suggest it will be longer than collecting our money from California.<BR/>Let's just hope that a BC Government doesn't pull a Harper and give away a Billion like they did in the Cattle Case. <BR/>Tying these things up in Regulatory Hearings and the Courts seems to be the norm in the US. I guess since Harper bent over they figure they can get more money out of us. The only ones winning right now are the lawyers.Gary Ehttps://www.blogger.com/profile/10640964040603349900noreply@blogger.comtag:blogger.com,1999:blog-1414404348331965096.post-76145074650756106852009-03-01T13:35:00.000-08:002009-03-01T13:35:00.000-08:00Page 7 fo the B C H Y D R O F I R S T Q U A R T E ...Page 7 fo the B C H Y D R O F I R S T Q U A R T E R R E P O R T – F 2 0 0 8<BR/><BR/>If you can't read the spaced captal letters .... it says "BC Hydro First Quarter <A HREF="http://www.bchydro.com/etc/medialib/internet/documents/info/pdf/info_2007_2008_first_quarter_report.Par.0001.File.info_2007_2008_first_quarter_report.pdf" REL="nofollow">Report - F2008</A>"<BR/><BR/>"Since 2000, Powerex has been named, in some cases along with other energy providers, as a defendant in a number of lawsuits and U.S. federal regulatory proceedings which seek damages and/or contract rescission based on allegations that, during part of 2000 and 2001, the California wholesale electricity markets were unlawfully manipulated and that<BR/>the energy prices were not just and reasonable. These proceedings are at various stages."<BR/><BR/><BR/>If we think that the BC Rail trial has taken a long time to get off the ground... this lawsuit has been going on since 2000 (nine years) and the interest calculations are skyrocketing, or so they should be.<BR/><BR/><BR/>Ooops, I forgot, its not just interest rates that are making the bill climb, there's also the small matter of legal costs being incurred (2007 BC Hydro Annual Report) as well, so far, <A HREF="http://www.bchydro.com/etc/medialib/internet/documents/policies/pdf/policies_financial_information_act_return_to_march_311.Par.0001.File.policies_financial_information_act_return_to_march_311.pdf" REL="nofollow">$17 million for litigation matters</A>.<BR/><BR/>"On March 26, 2004, FERC approved a settlement agreement between FERC staff and Powerex that acknowledged that there was no evidence that Powerex engaged in any gaming practices or concerted partnership practices with any other market participants, and further noted that Powerex was a valuable and reliable supplier of energy and ancillary services to the California market throughout the energy crisis. This settlement is still subject to rehearing at FERC, has not been the subject of a final FERC order and FERC’s final order when issued may subsequently be appealed to the<BR/>courts."North Van's Grumpshttps://www.blogger.com/profile/17571810726275726952noreply@blogger.com