Dollars (in millions)

	99/00	00/01	01/02	02/03	03/04	04/05
Payment to the Province	326	343	333	338	73	339

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 of the Payment to the Province of $339 million, BC Hydro paid $377 million in water rentals, school taxes, grants and other taxes to provincial and municipal governments in 2004/2005.