BC Hydro wants nine per cent rate hike
Your next BC Hydro bill could cost you a little more.
The utility company is seeking a nine per cent rate increase.
Company spokesperson Susan Danard said Wednesday the Crown Corporation will ask the B.C. Utilities Commission to approve the hike.
She says the increase will equate to roughly a $7 increase on the average customer's monthly bill.
The announcement comes a day after BC Hydro announced a profit of $113 million for its last quarter ending December 31.
That is $45 million lower than the same period one year earlier. The company blamed the decrease on lowered energy trading results, as well as lower demand for electricity from the industrial sector.
If approved, the increase would take effect April 1. The company intends to use the revenue to pay for infrastructure upgrades.
With files from The Canadian Press