2005 Annual Report - About BC Hydro

About BC Hydro

BC Hydro is a commercial Crown corporation owned by the Province of British Columbia and regulated by an independent body, the B.C. Utilities Commission (BCUC). BC Hydro is one of North America’s leading providers of clean, renewable hydropower and the largest electric utility in British Columbia, serving 94 per cent of the province’s population.

About This Report

Reporting on sustainability reflects BC Hydro’s commitment to balance business across the three bottom lines: environmental, social and economic. This report covers our performance for the period April 1, 2004, through March 31, 2005 and integrates the Annual Report with our triple bottom line report on performance.

The performance targets referenced in this report were established in our February 2004 annual Service Plan for the three-year period 2004/2005 through 2006/2007. The Service Plan provides a high-level, strategic look at our business and sets out the targets and measures by which our performance can be evaluated.

BC Hydro operations included in the performance data presented in this report comprise the Generation, Distribution, Engineering and Field Services Lines of Business and our energy marketing subsidiary, Powerex. Although the financial results include the consolidation of operating results for British Columbia Transmission Corporation (BCTC), BCTC also prepares and publishes its own Service Plans and Annual Reports with financial and performance data.

To meet the requirements for both Annual and Sustainability reporting, this report has been prepared in accordance with British Columbia’s Budget Transparency and Accountability Act and Canadian generally accepted accounting principles (GAAP), and in accordance with the Global Reporting Initiative (GRI) 2002 Guidelines. A comprehensive list of performance data that supports BC Hydro’s commitment to triple bottom line reporting is available in the GRI Comparative Index.