Public Values

Huge profits from BC private power raise alarms

Corporations pocket green energy subsidies.

EPCOR's Williams Lake wood-waste burning, biomass plant had an operating margin of $27.8 M.A recent article in TheTyee.ca asks what is an appropriate profit margin for independent power producers (IPPs) who sell clean- or green-energy to BC Hydro and Power Authority? One Edmonton company, it reports, generates annual profits of $15.7 million from three power stations, with net profit margins of 26.8 per cent.

By comparison, the other power producers owned across North America by the Edmonton company have net-profit margins of just 7.8 percent.

Are such big profit margins fair to tax payers who ultimately subsidize them? For the full story, click here.

Posted: April 30, 2010

Categories:
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  Natural resources
  Energy

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