By Rafe Mair. Over the years I have done blogs, editorials and the like unto the thousands.
This is the all time shortest.
Within the next four years, BC Hydro, once as good a power utility as there was in the world, will be broken up.
It is, you see, presently bankrupt by private corporation standards, and only keeps, barely, afloat because it can and does go to us the taxpayers and consumers for more money.
This will end because the taxpayers/ratepayers will be tapped out.
Just what form the break-up takes, we’ll have to wait and see, but as sure as God made little green apples, she’s a goner.
Here is the crunch: Mike Harcourt will not be to blame and nor will Glen Clark, Dan Miller and Ujjal Dosanjh. Nor will it be because of some unforeseen world market.
This catastrophe belongs to Gordon Campbell and Christy Clark alone. They forced BC Hydro into making huge “sweetheart” deals with private producers to whom they now owe some $50-60 BILLION; the entire sordid affair happened on their watch with their blessing.
Christy Clark and the Liberals, on May 14, 2013, inherited their own tailor made dunghill, the only challenge being to clean it up without accepting responsibility. And with economists like our own Erik Andersen, the truth will emerge every inch of the way.