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:

  • Economic Performance
  • Market Presence
  • Indirect Economic Impacts
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.

Coverage of Employee Future Benefits

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