A new report from B.C.'s Auditor General makes no recommendations for how the province's energy supplier handles its infrastructure.
Auditor General Carol Bellringer and her team looked at all of BC Hydro's infrastructure, which includes 33 generating stations, 18,500 km of overhead transmission lines, 306 substations, and 48,600 km of overhead distribution lines for the report.
Their capital assets range in age from 100 years old to just a few weeks. From April 2017 to March 2018, the crown corporation has invested nearly $2.5-billion to renew, repair, or replace the assets they manage.
"I am pleased to say that because BC Hydro is managing its assets well, we made no recommendations in this audit," says Bellringer.
The office of the Auditor General will continue to provide legislators and the public with information about Hydro's operations and programs going forward and will make any recommendations it sees fit.
While BC Hydro is pleased to see the positive nature of the report, they say that they will never be perfect but are working to get closer and closer to that.
"Although no recommendations were made as a result of the audit, BC Hydro is committed to ongoing improvements of our asset management processes to help us continue to deliver clean, reliable, and affordable electricity to our customers."
A recent example of this is the merging of their power system asset management groups into a single department to increase efficiency. Other initiatives in the coming years include:
- Mitigating high-priority safety, environmental, and financial risks
- Managing assets using a life-cycle approach
- Meeting customer demand growth
See the full audit report here.