GE Energy Financial Services and Nelson

                       GE Energy Financial Services, Stamford Connecticut

Who are they you ask?   The wolves that see an opportunity our political sheep offer up.

Political policies leaving us exposed to exploitation.   Part of the Gordon Campbell government gold rush on our rivers for Run Of River hydro projects.  They make most of their power during spring runoff when BC Hydro doesn't need it, but are required to pay full retail so these projects will have a business case and get paid off in a reasonable time.  We give our resources away all the time.

Nestle’s bottles millions of gallons of BC water for almost free.  GE Energy, one of many, have our water power and we are pay off the project and receive nothing.

Plutonic Power, a run of river hydroelectric project on Toba River on Bute Inlet. 

Plutonic Power CEO denies donating to the liberal party then changes his story

This started with Gordon Campbells government  who wanted BC to achieve total green by 2016.  We were already green and exporting power. 

Giveaway of our precious assets 

http://www.marketwired.com/press-release/Plutonic-Power-Announces-7035-Million-Bought-Deal-1059298.htm

Plutonic Power's vision is to provide leadership and create a legacy through the development of renewable, reliable, clean energy projects. Its proposed Green Power Corridor™, comprised of 42 generation facilities (including the 2 facilities being constructed by the Toba Montrose General Partnership), could have the capacity to meet the annual energy needs of about 660,000 homes.

The B.C. government started this private power gold rush as being necessary to achieve electricity ”˜self-sufficiency’. But British Columbia has been a net exporter of electricity for  7 of the last 11 years. And power from run-of-the-river projects will only be reliable and plentiful during the spring freshet. Something other than self-sufficiency must be the real objective—something like the profit potential of private electricity exports to the U.S.

http://www.straight.com/article-220116/maude-barlow-runofriver-projects-not-green-not-public-not-us

Plutonic changed the name to Alterra,   it now belongs to GE Energy Financial Services of Stamford, Connecticut.  BC Hydro must buy all their  power for 3 times their what their dams make power and let that water just spill down the river.  WE  pay for the project, and GE Financial owns it in 20 years and have the bottled water rights.

Seems to me our government isn’t our friend they are our enemy.

r.