BC Hydro
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BC Hydro is one of the largest electric utilities in Canada, serving more than 1.6 million customers in an area containing over 94 per cent of British Columbia's population whose purpose is to provide reliable power, at low cost, for generations. As a provincial Crown corporation, BC Hydro reports to the Minister of Energy and Mines, and is regulated by the British Columbia Utilities Commission (BCUC). BC Hydro operates 30 hydroelectric facilities and three natural gas-fuelled thermal power plants. About 80 per cent of the province's electricity is produced by major hydroelectric generating stations on the Columbia and Peace rivers. BC Hydro's various facilities generate between 43,000 and 54,000 gigawatt hours of electricity annually, depending on prevailing water levels.
Electricity is delivered through a network of 18,286 kilometres of transmission lines and 55,254 kilometres of distribution lines. For fiscal 2005, domestic electric sales volume reached 51,205 gigawatt hours. For fiscal 2005, net income was $402 million, which resulted in a return on equity of 14.24 per cent. On March 31, 2005, BC Hydro, its subsidiaries and British Columbia Transmission Corporation had 4,396 employees.
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