2001 Triple Bottom Line Report - BC Hydro

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C U S T O M C U R T A I L M E N T A G R E E M E N T S BC Hydro and several of our larger domestic industrial customers shared benefits arising from strong export market conditions for electricity sales last year. Through our Powerex subsidiary we offered customers an arrangement known as a Custom Curtailment Agreement (CCA), whereby they reduced their electricity demand for short periods as requested by us. The additional capacity on our end allowed us to generate energy for export sales, and the customers received a share of the revenue. P I N C H T E C H N O L O G Y We received a Technology Leadership Award in 2000 for applying a pioneering process that helps large industrial customers use thermal energy more efficiently. The tool, developed by the Electric Power Research Institute (EPRI), is called Pinch analysis. The methodology determines the minimum amount of energy required to effectively run an industrial operation, and the maximum heat-recovery potential, through a review of current use and comparison against optimum performance levels for equipment and building systems. E C O N O M I C B O T T O M L I N E | 6 9 CCAs increase the ability of Powerex to trade energy in peak periods, when market prices are higher, and return the benefits to B.C. Participating in the arrangement is voluntary and does not affect domestic power supply or regular service. Beginning in October 2000, BC Hydro and seven transmission customers agreed to eleven custom curtailments and shared $1.3 million in revenue. Pinch studies are used to evaluate and streamline existing operations, and to analyze and reduce capital requirements for new equipment and process changes. After promoting Pinch analysis and its potential benefits to our customers, we worked with industry to complete six studies in 1999 and four studies in 2000. The work, undertaken at large pulp and paper mills, was valued at over $2.5 million and identified potential energy savings worth more than $18.5 million per year. EPRI recognized our work to advance the process by selecting BC Hydro as its End-Use Leadership Award recipient, which recognizes efforts to promote research in field applications.
A B O R I G I N A L B U S I N E S S P A R T N E R S H I P P R O G R A M Since 1999 our Aboriginal Business Partnership Program has provided grants to help support development of Aboriginalowned ventures in B.C. The program offers up to $15,000 to help small-business owners meet capital and operating costs involved in starting up or expanding a business. Eight firms received funding last year, including a cyber-cafe, guitar manufacturer, two eco-tourism operations and several ventures involving niche markets for forest products. S U S T A I N A B I L I T Y A C T I O N P L A N I N I T I A T I V E H Y D R O G E N Measures to develop hydrogen as a clean energy carrier are underway through our new business line of products and services. Leadership in this emerging, environmentally friendly industry represents the single largest domestic growth opportunity available to us. BC Hydro is actively participating in the commercialization of hydrogen technologies for four distinct markets in B.C. – transportation, industrial supply, stationary power and portable power products. The program has four components to enable BC Hydro to be in the best position to capture hydrogen market opportunities: • perform technical and market research to remain abreast of developments; • influence policy decisions related to developing hydrogen as a transportation fuel; • undertake projects to build a profitable hydrogen business, as well as increase the likelihood that potential markets will emerge; and E C O N O M I C B O T T O M L I N E | 7 0 Interest in the program continues to grow. Over 100 applicants requested funding from the current program budget, almost triple the total from the previous year. Ventures outlined in this year’s pool of aspirants include tourism, forestry and technical businesses. Applications are evaluated by a six-member selection panel that includes one BC Hydro representative and five outside participants. Selection criteria include job creation, benefits to the local and B.C. economy, and fostering Aboriginal self-reliance. • communicate our vision of hydrogen’s future to the public, governments and other key stakeholders. Over the next four years we plan to undertake several projects to affect hydrogen markets, including: • supplying electrolytic hydrogen to industrial users in the fuel cell industry; • displacing purchased hydrogen at our Burrard Generating Station with electrolyzed hydrogen; • developing a high-pressure hydrogen fuelling station at Powertech Labs, in partnership with industry leaders; • bidding to supply transit authorities with hydrogen fuelling stations for hydrogen-powered buses expected to be purchased over the next few years; and • demonstrating the viability of stationary and portable hydrogen-powered fuel cells for reliability back-up. The analysis suggests that significant revenues will be possible from hydrogen sales in the coming years. Developing hydrogen as an alternative transportation fuel will also reduce emissions of both GHGs and local air pollutants.
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2001 Triple Bottom Line Report - BC Hydro

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