Hydro increase is a compounding interest for life

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To the Editor:

Having received a 3.5 per cent increase notice with my January hydro bill really ruined my day. These increases being approved by the BC Utilities Commission tells us one of two things: Either BC Hydro and FortisBC, both with the aid of the utilities commission, don’t know what they’re doing, or that they are fully aware of what they are doing, namely, stealing from us.

If the hydro companies experienced unexpected costs last year and wanted to pass on the costs to their customers they and the utilities commission don’t need to impose a compounding interest rate upon us in having to pay for the rest of our lives.

Think about it for a minute. They are making millions of dollars in extra booty for their pockets. Once our money is gone, it’s gone. It’s not like they pay income tax because they don’t.

A fair proposal would be an increase of $2 per month from each customer until the debt was paid. If you or I experience a malfunction at the motor of our vehicle, we take it to a mechanic for repair. Once fixed, the mechanic presents you with a bill for parts and labour, not a compounding interest contract that you are committed to for the rest of your life.

Our politicians like to lead us to believe that we live in a democracy. Canadians are natural born complacents. We are just a little more civilized than the people in other countries engaging in civil wars and revolutions fighting for democracy at present.

If anyone here thinks we live in a democracy, they should think again, and ask our MLA at michelle.mungall.mla@leg.bc.ca to address the hydro increase at the legislature in Victoria.

This is Canada and B.C. is our province. We have two hydroelectric companies that act like they are some kind of mafia collection mob, cleaning our bank accounts with unconstitutional thievery that is detrimental to the economy of the province. It’s time to take a stand. The provincial government took the tollbooths off the Coquihalla highway when it was paid for. The hydroelectric companies should conduct their business the same way.

Michael Bunn

Creston

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