B.C. vows to continue fight over costly U.S. ruling on power sales to California
Canadian Press, Times Colonist, Feb 22 2013
VICTORIA - The massive, energy windfall British Columbia pocketed more than a decade ago at the expense of power-starved Californians has sparked an ongoing high-voltage legal case that currently has an arm of Crown-owned BC Hydro potentially owing hundreds of millions of dollars.
B.C. defends Powerex in California price-fixing complaint
CBC News, Feb 21, 2013
B.C. taxpayers could end up refunding Californians millions in electricity sales
The B.C. government and official opposition are defending a BC Hydro subsidiary that is accused of manipulating energy prices during the California energy crisis more than 12 years ago.
BC Hydro subsidiary battles U.S. poacher
SCOTT SIMPSON, Vancouver Sun, February 22, 2010
Powerex has lost 10 energy trading staffers to financial giant Morgan Stanley
Efforts by a Wall Street financial giant to poach employees and business from a lucrative government-owned energy trading operation in Vancouver are proving expensive for British Columbia taxpayers.
Powerex strikes green power deal with Pacific Gas & Electric
Scott Simpson, Vancouver Sun, January 25, 2010
VANCOUVER — Powerex has struck a precedent-setting deal to deliver green electricity to a major California utility.
The five-year deal with Pacific Gas & Electric, which has 15 million customers, would see the BC Hydro electricity trading subsidiary annually deliver between 330 and 1,000 gigawatt hours of renewable power to PG&E.
Top Powerex traders jump to U.S. rival
Scott Simpson, Vancouver Sun, January 23, 2010
BC Hydro has lost six veteran electricity traders in an apparent raid by a major U.S. financial institution.
Hydro acknowledged on Friday that six employees of its Powerex trading unit including former head trader Murray Margolis have recently quit.
