MOTION ON NOTICE

At the Council meeting of March 26, 2002, Councillor Louis submitted the following Notice of Motion, which was recognized by the Chair.

1. Maintain Public Control of BC Hydro (File: 1263)

WHEREAS, BC Hydro is a crown corporation owned and developed for the benefit of all British Columbians;

AND WHEREAS, BC Hydro contributed $904 million to the provincial government in 2001 enabling the funding of medical care, education and other government services;

AND WHEREAS, all sectors of the BC economy benefit from the third-lowest power rates in North America delivered from clean, reliable sources;

AND WHEREAS, BC Hydro employs British Columbians to deliver power to the people of the province;

AND WHEREAS, deregulation and privatization will result in price increases estimated by the provincial government's Energy Task Review Committee to be in the 30 to 80 per cent range;

AND WHEREAS, the Joint Industry Electricity Steering Committee recognizes that the "electric power customers and the BC economy are being well served with reliable power at regulated, predictable rates" and "BC Hydro is returning substantial benefits to the province";

AND WHEREAS, BC Hydro's integrated systems and services are critical to the utility's ability to provide reliable power at affordable pricing that does not discriminate against any customers;

THEREFORE BE IT RESOLVED THAT, in order to preserve the valuable public asset of BC Hydro, the City of Vancouver urge the province to retain BC Hydro as a complete entity within a regulated pricing structure.

* * * * *

(c) 1998 City of Vancouver