BC Hydro Annual Report 2001

P O I S E D
T O P R O S P E R
This has been an exceptional year for the electric utility industry, and a truly outstanding one for BC Hydro. North American energy
issues were on the front page of every newspaper. Weather was unpredictable all over the Pacific Northwest – hotter than normal
in summer, colder and dryer in winter. We used that to our advantage and had a great year financially. The best yet. We made
important decisions concerning BC Hydro’s future energy supply. We worked hard to be environmentally and socially responsible.
And, all the while, we continued supplying electricity to our domestic customers at some of the lowest prices in North America.
An external review places BC Hydro in the top five best-performing distribution companies worldwide in terms of price, reliability
and safety. Yet more electricity is being transmitted over our wires than ever before. Our employees are working hard to ensure the
system is able to support such an increase in activity, and we are continuing to invest resources to ensure reliability.
W O R K I N G T O A T R I P L E B O T T O M L I N E
Our mission is to provide integrated energy solutions to our customers in an environmentally and socially responsible manner.
In other words, to provide power in a way that is sustainable in the long term. We could have measured this year’s performance
against our outstanding financial results and stopped there. Instead, we believe it is essential not only to make a profit, but also
to recognize the importance of our relationship with British Columbians, and protect the environment – and to be accountable
for all three. We call it our “triple bottom line.”
BC Hydro was the first Canadian utility company to adopt triple bottom line reporting and we are proud to be leading the way.
Ultimately, we want to become the leading sustainable energy company in North America. The reason we are in such a good
position to do so is because of our strong community involvement, our excellent environmental track record and the natural
advantage we have with renewable hydroelectricity as the backbone of our energy mix.
L E T T E R F R O M T H E C E O
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