EC6(1) Payment to Province

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Dollars (in millions)

BC Hydro is required to make an annual Payment to the Province equal to 85 per cent of its distributable surplus. Distributable surplus is calculated as consolidated net income adjusted for interest capitalized during construction and related amortization. In addition to the Payment to the Province of $288 million, BC Hydro paid $802 million in water rentals, school taxes, grants and other taxes to the provincial and municipal governments in fiscal 2008.