From Andrew MacLeod's excellent Tyee piece on all the accounting tricks going down at BC Hydro published yesterday:
...(In 2017) BC Hydro will draw down $250 million from a rate-smoothing account, money that it doesn't plan to finish repaying until 2024.
For context, the provincial government has budgeted an overall surplus of $287 million in 2017-2018, which in part depends on receiving $706 million from BC Hydro.
The rate-smoothing money is therefore more than one-third of the amount the government plans to take from the utility in the election year....
And what will we see, hear and read about this, which clearly demonstrates that the Clarklandian faux balancing of the budget is bogus, from the Lotuslandian proMedia during the election campaign next spring?
(and/or Dean-fried codswallop about the importance of grocery bills and clawback timing)