Huge profits from BC private power raise alarms
Corporations pocket green energy subsidies.
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
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