Site C

[LordEd]

https://www.castanet.net/news/BC/214625 ... for-Site-C

A partnership led by Aecon Group Inc. has been chosen as the preferred proponent by BC Hydro for a Site C generating station and spillways civil works contract.

Quick check on elections BC shows contributions to liberals. Clearly corruption.

Except... BC hydro is NDP controlled now. How can this be so? Donations means bribery according to some in here.

[alanjh595]

BC Hydro is regulated by the BCUC.

Governance & mandate
We report through the Ministry of Energy and Mines
As a Provincial Crown corporation, the owner and sole shareholder of BC Hydro is the Province of British Columbia.
We report through the Ministry of Energy and Mines. Four key pieces of legislation – including the BC Energy Act – combine to provide:

A mandate to generate, manufacture, conserve, supply, acquire, and dispose of power and related products
Regulatory power to the British Columbia Utilities Commission (BCUC), to ensure our customers receive safe, reliable and non-discriminatory energy services at fair rates
A reasonable opportunity to the shareholder (Province of B.C.) to earn a fair return on its invested capital.
The Act also ensures public ownership of our heritage resources, which include BC Hydro's transmission and distribution systems, and all of our existing generation and storage assets.

https://www.bchydro.com/about.html

The BC government does not control Hydro, it is just a shareholder.

[Cactusflower]

^^The ONLY shareholder. What other corporation allows a shareholder to drain all its profits in the form of 'dividends'?
(Oops, I said I wouldn't take part in this thread anymore..........sorry!)

[LordEd]

Articles with canadian dividend stocks:
http://www.moneysense.ca/save/investing ... all-stars/
https://www.fool.ca/category/investing/dividend-stocks/

[maryjane48]

Next company decides to go union

https://www.straight.com/news/1010586/b ... m-contract

[Smurf]

LordEd wrote:

Articles with canadian dividend stocks:
http://www.moneysense.ca/save/investing ... all-stars/
https://www.fool.ca/category/investing/dividend-stocks/

Does this have something to do with site C?

[Smurf]

maryjane48 wrote:
Next company decides to go union

https://www.straight.com/news/1010586/b ... m-contract

You do realize it is an NDP govt. now not Liberal. Those companies probably use the unions all the time and are continuing in their joint venture.

[Urban Cowboy]

^^The ONLY shareholder. What other corporation allows a shareholder to drain all its profits in the form of 'dividends'?
(Oops, I said I wouldn't take part in this thread anymore..........sorry!)

We'd have much better odds finding a chicken with lips.

[Cactusflower]

^^The ONLY shareholder. What other corporation allows a shareholder to drain all its profits in the form of 'dividends'?
(Oops, I said I wouldn't take part in this thread anymore..........sorry!)

We'd have much better odds finding a chicken with lips.

You'd be better off going to the Grab Bag to find what you're getting for Christmas.

[LordEd]

Does this have something to do with site C?

Companies that give profits to shareholders.

[Queen K]

Speaking of gifts or earnings or whathave you, Grab Bag Not So Secret Santa has gifts for LordEd too.

[LordEd]

I visited and got immediately annoyed there so I'll stay away. Trying to escape the naughty list.

[Smurf]

Cactusflower you keep asking so I will tell you about today. We were visiting at a RV park just inside California on the I-8 today and ended up talking to a couple of the office managers. They have a fair bit of solar and are getting ready to install a bunch more. I asked if they really thought it was worthwhile. They said definitely due to the fact they are in one of the sunniest places in the world and the California government pays them huge subsidies to install it and high guaranteed premium rates for the power they produce. They said knowing what they know they probably would not install it without all the government money. In other words the California taxpayers are paying for them to install the solar units, sell the power to the system and make a profit. Sounds like a good deal for the RV park and a terrible deal for the California tax payers. I am certainly glad BC did not fall into that trap.

[The Green Barbarian]

I am certainly glad BC did not fall into that trap.

not yet, but Smurf, never underestimate how dumb the NDP are, and how crazy the Green Party is. When it comes to taxpayer cash, it's "their" money, not ours, to spend as stupidly as possible.

[Cactusflower]

Cactusflower you keep asking so I will tell you about today. We were visiting at a RV park just inside California on the I-8 today and ended up talking to a couple of the office managers. They have a fair bit of solar and are getting ready to install a bunch more. I asked if they really thought it was worthwhile. They said definitely due to the fact they are in one of the sunniest places in the world and the California government pays them huge subsidies to install it and high guaranteed premium rates for the power they produce. They said knowing what they know they probably would not install it without all the government money. In other words the California taxpayers are paying for them to install the solar units, sell the power to the system and make a profit. Sounds like a good deal for the RV park and a terrible deal for the California tax payers. I am certainly glad BC did not fall into that trap.

Yet you're okay with the BC taxpayers going into debt to the tune of $10.7 billion (or likely much more) for a big white elephant?

Yes, it is. We may not live long enough to see just how bad that decision was, but our children will.