The mismanagement of BC Hydro should be considered a massive scandal and the defining issue of the upcoming provincial election. Since the B.C. Liberals took office, they turned the corporation from a cash cow into a nearly bankrupt utility that is now in debt to the tune of some $22 billion. Consequently, hydro rates for British Columbians have increased by 34 percent (adjusted for inflation) since 2001 and will need to increase much more to cover the increasing debt.
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