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BC Hydro posts 2000 profits and rate freeze kept
BC Hydro reports net income of 416 million for year ending March 31 2000 up from 395 million the prior year. Domestic revenues rose to 2328 million helped by 5 percent more residential customers and 11 percent colder weather boosting energy use. Powerex energy trade rose 390 million to 1129 million aided by California and Pacific Northwest demand, allowing the rate freeze to continue to Sept 30 2001. Health care funding calls by BC minister Farnworth urge nearly 420 million in federal support with a hospital relief fund nursing recruitment home care and rural clinics to ease system pressures while Canada-wide doctor and nurse shortages persist.
MENTIONED IN THIS ARTICLE
BC Hydro
Powerex
Electricity Trade
California
Pacific Northwest
B.C
Mike Farnworth
Farnworth
Ottawa