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B.C. Hydro drops in to visit a loans officer

3 0 1
13.01.2018

So you’d like to borrow $10.7 billion? Yes sir. It’s for a hydroelectric dam.

Well that’s a lot of green for green energy. How exactly did you arrive at that cost?

Happy to report we went to the same team that came up with the $1.5-billion estimate for the Port Mann Bridge. They were so close to the mark with that $3.6-billion project we had to go back to them again.

Do you have a business plan at all that I could share with my superiors?

Not really, still in a state of flux. We keep revising our demand forecasts, then the project’s cost. It goes on and on. The plans are out of date almost as fast as we finish them.

OK. Do you have any customers that have signed up to buy the electricity?

No.

Hmm. Any ideas who you might sell it to?

Ideas we’re not short of. In fact, we committed most of it to B.C.’s burgeoning LNG industry a few years back, when we were told it would fully burgeon. Promises, promises. But California might buy some now, Alberta, too. Then there are data centres and server farms.

I........

© Times Colonist