Economic Bottom Line F2011 (GRI)
Economic Performance Indicators
| Reference Number | G3 and Electricity Utility Sector Supplement Reporting Recommendations | 2011 Annual Report and BC Hydro/GRI Comparative Index |
|---|---|---|
| G3 Disclosures on Management Approach | ||
| Economic | Provide a concise disclosure on the Management Approach on the following with reference to the Economic Aspects:
|
See EU6, EU7 and EU8 below. |
| EUSS Disclosures on Management Approach | ||
| EU6 | Management approach to ensure short and long-term electricity availability and reliability. | Management's Approach to Ensure Short and Long-Term Electricity Availability and Reliability |
| 2011 Annual Report – Electricity Security (Supply) | ||
| EU7 | Demand-side management programs including residential, commercial, institutional and industrial programs. | Power Smart |
| 2011 Annual Report – Energy Conservation and Efficiency | ||
| EU8 | Research and development activity and expenditure aimed at providing reliable electricity and promoting sustainable development. | Research and Development Activities Aimed at Promoting Sustainable Development |
| EU9 | Provisions for decommission of nuclear power sites. | Not reported. BC Hydro does not own or operate nuclear facilities. |
| Economic Performance | ||
| EC1 | Direct economic value generated and distributed. | Corporate Donations |
| 2011 Annual Report – Financial Results | ||
| EC2 | Financial implications and other risks and opportunities for the organization's activities due to climate change. | Carbon Tax Payments |
| Climate Action and Greenhouse Gases | ||
| EC3 | Coverage of the organization's defined benefit plan obligations. |
|
| EC4 | Significant financial assistance received from government. | Not reported. BC Hydro does not receive any direct financial subsidies from any level of government. |
| Market Presence | ||
| EC5 | Range of ratios of standard entry level wage compared to local minimum wage at significant locations of operations. | Not reported. BC Hydro entry level wages are well above provincial minimum wages. |
| EC6 | Policy, practices, and proportion of spending on locally-based suppliers at significant locations of operation. | Proportion of Spending on Locally-Based Suppliers |
| EC7 | Procedures for local hiring and proportion of senior management hired from local community at locations of significant operation. | While the vast majority of BC Hydro's employees are sourced from the local labour market (i.e. within B.C.), there is no formal policy or preference with respect to hiring local residents. BC Hydro values the diversity in our workforce, customer base and stakeholder communities. We are committed to attracting and developing a diverse workforce which is representative of the communities we serve within B.C. and one that reflects our core values of Teamwork, Safety, Service, Integrity and Accountability. |
| Indirect Economic Impacts | ||
| EC8 | Development and impact of infrastructure investments and services provided primarily for public benefit through commercial, in-kind, or pro bono engagement. | 2011 Annual Report – Reliability (Customer), Highlights |
| 2011 Annual Report – Reliability (Customer), Smart Metering Program and Smart Grid Program | ||
| 2011 Annual Report – Customer Satisfaction, Engaging our Customers, Community and Stakeholder Relations | ||
| 2011 Annual Report – Energy Conservation and Efficiency, Power Smart | ||
| Public Recreation Areas | ||
| Community Investment | ||
| EC9 | Understanding and describing significant indirect economic impacts, including the extent of impacts. | See EC8. |
| Availability and Reliability | ||
| EU10 | Planned capacity against projected electricity demand over the long term. | See EU6. |
| System Efficiency | ||
| EU11 | Average generation efficiency of thermal plants. | Thermal Generation Efficiency |
| EU12 | Transmission and distribution losses as a percentage of total energy. | Transmission and Distribution Losses as a Percentage of Total Energy |