2009 09 16 Newspaper Notifications of Application and ... · The Mica GIS Project will replace all...

BChydro mR GE RATiONS

Joanna SofieldChief Regulatory OfficerPhone: (604) 623-4046Fax: (604)[email protected]

September 16,2009

Ms. Erica M. HamiltonCommission SecretaryBritish Columbia Utilities CommissionSixth Floor - 900 Howe StreetVancouver, BC V6Z 2N3

Dear Ms. Hamilton:

RE: Project No. 3698567British Columbia Utilities Commission (BCUC)British Columbia Hydro and Power Authority (BC Hydro)Mica Gas Insulated Switchgear Project

Pursuant to BCUC Order No. G-95-09, enclosed are copies of the notifications of theMica Gas Insulated Switchgear Project Application and written public hearing whichappeared in the following publications:

Lakeshore News August 21, 2009

The Province August20,2009

Revelstoke Times Review August 26, 2009

Vancouver Sun August 20, 2009

Victoria Times Colonist August 20, 2009

For further information, please contact the undersigned.

Yours sincerely,

Joanna SofieldChief Regulatory Officer

Enclosure

British Columbia Hydro and Power Authority, 333 Dunsmuir Street, Vancouver BC V6B 5R3www.bchydro.com

B-4

markhuds

BCH_Mica Gas Insulated Switchgear Project

Lakeshore News Friday, August 21, 2009

Mall Arkeyby Ron Adams

Don’t you just hate it when Mall Arkey is proven right! In previous columns I’ve opposed the CSRD’s proposal to introduce mandatory curbside recycling on grounds that it is a huge waste of tax-payers money and that much of the stuff we recycle ends up in the landfill anyway. Imagine my sur-prise to discover corroboration in last week’s Sidewalk Superintendent.

What happens to all those bottles you carefully wash out and take to the recycling depot? Here’s what Sally wrote: “A man in Enderby was curious. What was in that double semi-trailer that was stopped in the city? It was broken glass from Salmon Arm being hauled to a landfill in Okanagan Falls.”

If this is true, why would the glass be trucked to a landfill in Okanagan Falls. Why not recycle it into new glass containers? Recycling glass is uneconomical, that’s why. Glass is made from sand and it’s cheaper to make it from raw materials. Almost everything you recycle is cheaper to make new. And why burn all that diesel fuel to truck broken glass to a dump a hundred miles away? Why not just dump it in the landfill in Salmon Arm? I’ll give you three guesses and the first two don’t count.

If there’s no money in it, you might ask, who pays for all the recycling? You do, of course. What happens to all the newspapers you bundle up for the recycling bins? “[We] are in year three of a 10-year contract with International Paper Industries to collect recyclable material at depot locations,” says the CSRD. “The cost of this program is approximately $400,000 a year.” Incredibly, the region’s beleaguered taxpayers are forking over at least four million bucks to dispose of waste paper. Earth to CSRD Directors: Save the planet’s taxpay-ers. Bury the waste paper in one of your landfills. It’ll be dirt by this time next year.

And what do you suppose International Paper does with all the discarded cardboard and crumpled newspaper? Sort it by hand and take out all the staples in preparation for making fresh new paper? Use your imagination.

Yes, you pay big bucks for environmental cor-rectness whether it makes sense or not. Check you grocery bill. Check the receipt you get from Canadian Tire or the paint store or the place where you bought your HDTV. Note all the environmen-tal fees that help the government hire more employ-ees to set up recycling programs to help you recycle more stuff to the dump at Okanagan Falls. It’s crazy.

And that’s just the beginning. Here’s what the CSRD’s Waste Management Co-ordinator said a couple of years ago: “Since 2003 the CSRD’s recy-cling program has been subsidized by refuse dis-posal fees and the public has enjoyed a four-year reprieve from directly funding the recycling pro-gram.” Got that? You’ve been “enjoying” a free ride on recycling. Do the terms recycling and expensive boondoggle ring a bell?

The Freedom Route: 1945 – 2009 convoy of about 30 military vehicles made a stop in Salmon Arm on Tuesday, August 11. Many people came to the parking lot next to the Salmon Arm Legion to look at these historic trucks and motorcycles that helped in the Allied victory during WWII and later. The tour, presented by Western Command Military

Vehicle Historical Society, also included Enderby in its travel route throughout B.C. this summer.

This Canadian Military Pattern (CMP) is a C15A Chevrolet ¾ ton general service vehicle that was man-ufactured in 1944 in Oshawa, Ontario. It was used by Canadian and Commonwealth forces all over the world.

Historic military vehicles visit

Wen

dy C

lay

The Salmon Arm Library starts a new series of Interactive Storytimes for the fall. These 40-minute pro-grams begin September 9 and 10, 2009. Drop in for free pre-school pro-grams on Wednesdays at 10:30 and 1:30 or come Thursdays to the Early Bird session at 9:15 sharp. (No book checkout service before 10 p.m.)

Come for stories, songs, puppets and rhymes. Programs are designed for children from 2-5 years, but sib-lings are welcome. Drop in, it’s free. Call 250-832-6161 for further information.

Storytime returns to library in September

Someone do a good deed for you? Place a free star in the Lakeshore News.

Come to offi ce in person to place star. 161 Hudson Ave. No business names can be mentioned.

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Website: www.mallarky.com

Mall Arkey Investments This WeekBy Ron Adams

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Where the serious invest their money

There are not a lot of changes to our shop-for-the-best interest rates again this week. Pile your money in a wheel-barrow and bring it on in. And if you have any

“orphan” mutual fund accounts bring your accounts into us and we’ll look after them for you. Be sure to come in and open a Tax Free Savings Account (TFSA). You want to make Mall Arkey happy, don’t you?

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SIXTH FLOOR, 900 HOWE STREET, BOX 250VANCOUVER, B.C. V6Z 2N3 CANADA

web site: http://www.bcuc.com

APPENDIX Bto Order No. G-95-09

TELEPHONE: 604 660-4700BC TOLL-FREE: 1 800 663-1385

FACSIMILE: 604 660-1102

AN APPLICATION BYAA BRITISH COLUMBIA HYDRO AND POWER AUTHORITYMICA GAS INSULATED SWITCHGEAA AR PROJECT

THE APPLICATIONAAOn August 5, 2009, British Columbia Hydro and Power Authority applied to the British Columbia Utilities Commission to accept that a capital expenditure for the Mica Gas Insulated Switchgear Project is in the publicinterest. The Mica GIS Project will replace all of the old GIS at the Mica Generation Station, which is on theColumbia River and 135 km upstream from the City of Revelstoke. The Project will also install GIS in the third lead shaft at the station and will extend the switchgear building. The Project is estimated to cost $180.6 million and is scheduled for completion in June 2013.

BC Hydro states that the Project is needed to maintain the reliability of the Mica Generating Station, and will also provide safety and environmental benefits.

THE REGULATORY PROCESSAABy Order G-95-09, the Commission established a written public hearing for the regulatory review of theApplication. The Regulatory Timetable for the review can be viewed on the Commission website at www.bcuc.com.

INTERVENTIONSPersons who expect to actively participate in the BC Hydro proceeding should register as Intervenors with theCommission and should identify the issues that they intend to pursue and the nature and extent of their anticipated involvement in the review process. Intervenors will each receive a copy of the Application and all correspondenceand filed documentation and should provide an email address if possible.

Persons not expecting to actively participate, but who have an interest in the proceeding should register asInterested Parties. Interested Parties will receive a copy of the Executive Summary in the Application, and all Orders and Decisions issued.

Intervenors and Interested Parties should register in writing no later than Thursday, September 3, 2009. Notification by mail, courier delivery, fax or email is acceptable.

PUBLIC INSPECTION OF THE DOCUMENTSThe Application and supporting materials will be available for inspection at the following locations::

All submissions and/or correspondence received from active participants or the general public relating to theApplication will be placed on the public record and posted to the Commission’s web site.

BC Hydro333 Dunsmuir Street, 17th FloorVancouver, BC V6B 5R3Telephone No. 604 623 4046Fax No. 604 623 4407Email: [email protected]: Ms. Joanna Sofield, Chief Regulatory Officer

FURTHER INFORMATIONAAFor further information please contact Ms. Erica Hamilton, Commission Secretary as follows:

Telephone: 604 660 4700Telephone (BC Toll Free): 1 800 663 1385Facsimile: 604 660 1102E-mail: [email protected] 0809-1729

NOTICE OF APPLICATION AND WRITTEN PUBLIC HEARING

British Columbia Utilities CommissionSixth Floor, 900 Howe StreetVancouver, BC V6Z 2N3Telephone: 1 800 663 1385http://www.bcuc.com

THEPROVINCE.COM ❘ MONEY ❘ A41THURSDAY, AUGUST 20, 2009

Hyundai addsicing to federalscrap incentive

BY NICOLAS VAN PRAETFINANCIAL POST

TORONTO — HyundaiMotor Co.’s Canadian armis offering buyers up to$1,000 as a top-up to thefederal government’s scrap-page program, the first suchinitiative in the country fol-lowing similar offers in theUnited States and else-where.

Hyundai said yesterday itwill offer people who buyone of its new modelsbetween $500 and $1,000 insavings depending on thevehicle.

Ottawa’s Retire Your Rideprogram offers $300 in cashor other incentives to peo-ple who scrap vehicles builtin 1995 or earlier. Analystshave criticized the incen-tives for being too weak tohave any meaningfulimpact.

“With Hyundai topping upall government incentives,we hope to encourage a sig-nificant removal of old, pol-luting vehicles from ourroads,” Hyundai Canadapresident Steve Kellehersaid.

Hyundai also said it wouldbring to market a family offuel-efficient and eco-friendly cars, including a

hybrid version of its Sonatasedan. The Korean-basedautomaker said it is aimingto achieve an average fueleconomy target of 6.7 litresper 100 kilometres across itsentire lineup by 2015.

While many automakerssuffered double-digit salesdrops in Canada this year,Hyundai has bucked thetrend, posting a 24-per-centsales gain.

The car company isattracting previous ownersof Ford, Chevrolet and Pon-tiac models, J.D. Power &Associates said in a researchnote released yesterday.

Hyundai, the highest-ranked non-luxury brand inthe consultancy’s initialquality study this year, hashad particular success thisyear with its Elantra car, thenote said.

Canadians have beenattracted to the vehicle’sprice of $15,000 to $17,999as the recession drags on.

Chrysler Group LLC wasamong the automakers tomatch the U.S. scrappageprogram, nicknamed Cashfor Clunkers, offering $4,500US on top of the $4,500offered by the U.S. govern-ment to go toward the pur-chase of a new vehicle.

— Canwest News Service

Hyundai’s Steve Kelleher speaks as a car goes into arecycling bin in Toronto on Wednesday. — NATIONAL POST

AUTOMOTIVE: Manufacturer offersup to $1,000 to buy a new car

For more information, video and photos, go towwwwww..tthheepprroovviinnccee..ccoomm//bbuussiinneessss

More on the web

$1b fund to aid firms in restructuringBY PAUL VIEIRA

FINANCIAL POST

OTTAWA — Export Devel-opment Canada said yester-day it will become the leadinvestor in a new $1-billionfund to be managed byBrookfield Asset Manage-ment Inc. aimed at provid-ing loans for companiesundergoing court-orderedrestructurings.

The Crown financier said itwould provide an initial $450million for the fund, andadded that investment could

grow to $1 billion.Toronto-based Brookfield

has committed $100 million,while other investors includeCanadian Imperial Bank ofCommerce and Sun LifeFinancial Inc. — although astatement did not disclosehow much the bank and lifeinsurer were providing.

EDC’s mandate is to helpexport-oriented companies,but it has been given tempo-rary powers to participate indomestic financings as partof the federal government’sefforts to ensure credit is avail-

able during the financial cri-sis.

In a joint EDC-Brookfieldstatement, it said the fund willtarget mid-market and larger-scale opportunities where atleast $20 million of financingis required.

The fund’s mandate is toprovide debtor-in-possession(DIP) loans and other specialtyfinance solutions to Canadi-an companies undergoing arestructuring or reorganiza-tion.

(DIP financing providescompanies seeking protec-

tion from creditors withfunds to continue to operatetheir business while theyreorganize under courtsupervision.)

“This new partnership withBrookfield enables us to fur-ther assist even more Cana-dian companies during thecurrent downturn,” said EricSiegel, CEO of EDC.

Brookfield has $80 billionUS in assets under manage-ment and generally focuseson real estate, power gener-ation and infrastructure.

— Financial Post





FACSIMILE: 604 660-1102

AN APPLICATION BY BRITISH COLUMBIA HYDRO AND POWER AUTHORITYMICA GAS INSULATED SWITCHGEAR PROJECT

THE APPLICATIONOn August 5, 2009, British Columbia Hydro and Power Authority applied to the British Columbia Utilities Commission to accept that acapital expenditure for the Mica Gas Insulated Switchgear Project is in the public interest. The Mica GIS Project will replace all of theold GIS at the Mica Generation Station, which is on the Columbia River and 135 km upstream from the City of Revelstoke. The Projectwill also install GIS in the third lead shaft at the station and will extend the switchgear building. The Project is estimated to cost $180.6million and is scheduled for completion in June 2013.

BC Hydro states that the Project is needed to maintain the reliability of the Mica Generating Station, and will also provide safety andenvironmental benefits.

THE REGULATORY PROCESSBy Order G-95-09, the Commission established a written public hearing for the regulatory review of the Application. The RegulatoryTimetable for the review can be viewed on the Commission website at www.bcuc.com.

INTERVENTIONSPersons who expect to actively participate in the BC Hydro proceeding should register as Intervenors with the Commission andshould identify the issues that they intend to pursue and the nature and extent of their anticipated involvement in the review process.Intervenors will each receive a copy of the Application and all correspondence and filed documentation and should provide an emailaddress if possible.

Persons not expecting to actively participate, but who have an interest in the proceeding should register as Interested Parties.Interested Parties will receive a copy of the Executive Summary in the Application, and all Orders and Decisions issued.

Intervenors and Interested Parties should register in writing no later than Thursday, September 3, 2009. Notification by mail, courierdelivery, fax or email is acceptable.


All submissions and/or correspondence received from active participants or the general public relating to the Application will beplaced on the public record and posted to the Commission’s web site.


FURTHER INFORMATIONFor further information please contact Ms. Erica Hamilton, Commission Secretary as follows:

Telephone: 604 660 4700Telephone (BC Toll Free): 1 800 663 1385Facsimile: 604 660 1102E-mail: [email protected]

0809-1729



4 ■ TIMESReview ■ WEDNESDAY, AUGUST 26, 2009





FACSIMILE: 604 660-1102

AN APPLICATION BYAA BRITISH COLUMBIA HYDRO AND POWER AUTHORITYMICA GAS INSULATED SWITCHGEAA AR PROJECT

THE APPLICATIONAAOn August 5, 2009, British Columbia Hydro and Power Authority applied to the British Columbia Utilities Commission to accept that a capital expenditure for the Mica Gas Insulated Switchgear Project is in the publicinterest. The Mica GIS Project will replace all of the old GIS at the Mica Generation Station, which is on theColumbia River and 135 km upstream from the City of Revelstoke. The Project will also install GIS in the third lead shaft at the station and will extend the switchgear building. The Project is estimated to cost $180.6 million and is scheduled for completion in June 2013.


THE REGULATORY PROCESSAABy Order G-95-09, the Commission established a written public hearing for the regulatory review of theApplication. The Regulatory Timetable for the review can be viewed on the Commission website at www.bcuc.com.

INTERVENTIONSPersons who expect to actively participate in the BC Hydro proceeding should register as Intervenors with theCommission and should identify the issues that they intend to pursue and the nature and extent of their anticipated involvement in the review process. Intervenors will each receive a copy of the Application and all correspondenceand filed documentation and should provide an email address if possible.

Persons not expecting to actively participate, but who have an interest in the proceeding should register asInterested Parties. Interested Parties will receive a copy of the Executive Summary in the Application, and all Orders and Decisions issued.



All submissions and/or correspondence received from active participants or the general public relating to theApplication will be placed on the public record and posted to the Commission’s web site.


FURTHER INFORMATIONAAFor further information please contact Ms. Erica Hamilton, Commission Secretary as follows:

Telephone: 604 660 4700Telephone (BC Toll Free): 1 800 663 1385Facsimile: 604 660 1102E-mail: [email protected] 0809-1729



ADOPT A PETRevelstoke and District

Humane Society

This space donated by the Revelstoke Times Review.

If you are interested in meeting any of the animals in the Revelstoke Pound, please contact the Animal Control Officer at 250-837-4747. If you would like information through email

please send it to [email protected]

To view the animals for adoption in Revelstoke check outour website www.revpound.petfinder.com.

B.C. health authorities are confi rming the presence of the West Nile virus in B.C. for the fi rst time.

Health authorities are inves-tigating possible West Nile virus cases in two Kelowna residents who had only travelled in the south and central Okanagan ar-eas.

Cases of West Nile virus have been detected in B.C. before, but the cases were travel-related.

“This doesn’t really come as a surprise,” says B.C. Provincial Health Offi cer Dr. Perry Kendall. “We have been anticipating the arrival of West Nile virus in our province for several years now, especially considering that infec-tion has been widely reported in humans and animals in several provinces across Canada and the United States in recent years, in-cluding provinces and states bor-dering BC. The important things to note are that B.C. has a robust mosquito and West Nile virus sur-veillance system, and that people can take common sense precau-tions to protect themselves from mosquito bites.”

West Nile virus is spread by mosquito bites. Authorities rec-ommend taking steps to prevent bites and eliminate mosquito habitats outside of homes and

other buildings by removing standing water where mosquitos can breed. Perry says monitoring by authorities and personal re-sponsibility managing mosquito bites are the most effective way to deal with West Nile virus.

“There is no fi xed pattern to West Nile virus,” said Dr. Kend-all. “In some years, a number of provinces have recorded hun-dreds of cases. This year, how-ever, there have been no reported cases in Canada. If confi rmed, the two cases currently being in-vestigated in B.C. will be the fi rst. But while the incidence of West Nile virus fl uctuates, what should remain a constant are stringent surveillance and common sense personal protection. That’s our best strategy against West Nile vi-rus infection.”

The mosquito-borne West Nile virus originated in Africa and fi rst appeared in North America in 1999. 80 per cent of humans infected by the disease have no symptoms at all and about 20 per cent develop fever, headaches and rash symptoms. About 1 out of 150 people infected have se-vere complications including en-cephalitis and meningitis.

To learn more about the West Nile virus, see the B.C. Centre for Disease Control’s Web site at bc-cdc.ca.

West Nile detected in B.C.AARON ORLANDOTimes Review

Columbia River-Revel-stoke MLA Norm Macdon-ald says a budget shortfall of $40 million disclosed in media reports last week by IHA Chief Executive Of-fi cer Murray Ramsden will mean a reduction in surgi-cal procedures in the health region.

Macdonald says a $12 million reduction in the health authority’s clinical budget and $28 million

in administrative cuts will translate into an estimated 10 per cent reduction in surgeries.

He lists hip and knee replacements, cataract sur-geries, hernia repairs and carpal tunnel procedures as examples of surgeries that will be affected.

“Our health system is already under tremendous pressure and patients were already being forced to wait longer and travel fur-

ther for necessary care,” says Macdonald. “This further cut could, by con-servative estimate, result in 5,000 fewer surgeries in this health region between now and March 2010.”

Citing a number of me-dia reports from before and after the May 12 provincial election, Macdonald says prior to the election the government assured that there wouldn’t be cuts to health care, but has since

change its tune. “We’ve been prom-

ised health care when and where we need it,” said Macdonald. “During the last election, Premier Campbell promised that there would not be cuts to health care. Clearly, there was no intention on behalf of this government to keep that promise and rural resi-dents are going to feel the effects of the Premier’s du-plicity most strongly.”

IHA funding shortfall will reduce surgeriesMLA NORM MACDONALD SAYS GOVERNMENT BROKE ELECTION PROMISESTimes Review staff

With kids soon going back to school and fl u sea-son nearing, fears about the H1N1 ‘swine fl u’ are emerging once again.

Given the worries sur-rounding the fl u, I called Kirstine Hill, Interior Health Authority health service administrator for

the Shuswap - Revelstoke region.

Hill explained the In-terior Health Authority is taking the risks posed by H1N1 seriously, stating: “Throughout the health authority, and certainly Revelstoke is a part of that, there’s a committee doing pandemic planning, which means that we’re reviewing our resources and putting

protocols in place to react to this situation as it oc-curs.”

While Hill said she was unable to speak to ques-tions surrounding vaccina-tions, she did explain that the precautions individuals should take for H1N1 are the same as those for any fl u season.

Hill emphasized the im-portance for frequent and through hand-washing in combating fl u communica-tion.

She also said that people should make sure to sneeze and cough into their sleeves, to use clean tissues, and to avoid unnecessarily touching their eyes, nose, or mouth, all of which are susceptible to infection.

Hill also echoed the ad-vice of many health profes-

sionals by recommending that sick individuals should stay home from work or school.

As for hospitals, Hill noted that they already have signifi cant infection control programs in place which help combat a wide variety of infections, in-cluding H1N1.

“On an everyday basis, we do have infection con-trols and precautions that we follow, and that we would follow if someone came in with a respiratory condition and we expected H1N1,” explained Hill.

Hill said she encourages individuals looking for more information on the swine fl u to visit the Interi-or Health Authority’s web-site at www.interiorhealth.ca.

IHA works on H1N1 pandemic planningBRANDON ADAMSTimes Review

N E W S

|| BUSINESSD10 BREAKING NEWS: VANCOUVERSUN.COM | THURSDAY, AUGUST 20, 2009

BY ALIA MCMULLEN

TORONTO — Canada’s inflation ratehit a 56-year low Wednesday and willlikely slip further in the comingmonthsas the index continues to react to lastyear’s record surge in oil prices. Butwhile overall prices appeared some-what deflationary in July, consumerswould be forgiven for not noticing be-cause core inflation,which excludes en-ergy, remains higher than a year ago.“Many Canadians are unlikely to feel

their cost of living declined,” said Se-bastien Lavoie, an economist at Lau-rentian Bank Securities. He said pricesof frequently purchased goods, such asfood and parking, remained higher,while those of big-ticket durable goods,including cars and furniture, fell.“The problem is that unless you buy

these durable goods — less likely amidthe labour market woes and increasingfinancial tensions — you don’t benefitfrom these lower prices,” he said.The all-items consumer price index

declined by 0.9 per cent in July com-pared with a year earlier, worse thanthe 0.3-per-cent-drop recorded inJune, Statistics Canada figures showedWednesday. It was the lowest readingsince 1953andwas largely attributed tothe fact gasoline prices were 23.4 percent lower than in July last year whenthe cost of a barrel of oil peaked atabout $147US.On the other hand, core inflation was

rather resilient given the economy has

been in recession. Core prices were 1.8per cent higher than in July 2008,down one basis point from last monthbut still only slightly below the Bank ofCanada’s inflation target of two percent. Food prices eased from the previ-ous month, but remained five per centhigher than a year earlier, while thecost of recreation, education and read-ing was up 1.1 per cent compared with0.9 per cent previously.“Strip out energy volatility, and it be-

comes apparent that Canada doesn’thave a problem with either inflation ordeflation,” saidKrishenRangasamy, aneconomist at CIBCWorldMarkets.Rangasamy saidpriceswere expected

to ease further in the comingmonths inrelation to last year’s higher oil values,downward pressure on some itemsfrom the recession and the recent risein the Canadian dollar, which makesimportedgoods cheaper. Thiswould al-low the Bank of Canada to continue tostimulate the economywith record lowinterest rates and keep its conditionalpromise to hold the benchmark rate at0.25 per cent untilmid-2010.Despite an anticipated further soften-

ing in prices, economists do not expectdeflation to get a strangleholdonCana-da.HSBCSecurities economist StewartHall said signs of economic recoveryand a decline in oil prices in the secondhalf of last year are expected todrive in-flation back into positive territory bythe end of this year.

Financial Post

But price index expected to climb by end of year

Lower pump prices sendinflation to a 56-year low

COST OF LIVING

110 LABEL 18 TOP OF PAGE

BUSINESS IN BRIEFVICTORIA

Ian Thow granted delayon court appearanceDisgraced former investment adviser IanThow has had his latest court appearanceput over until next Tuesday.Thow was tohave faced questions on Wednesdayfrom the trustee overseeing his bank-ruptcy about how he was able to traveland live over a 14-month period while afugitive from justice.However,Thowclaimed he had not been given ampletime to review an affidavit served on himby the trustee and asked for a delay.Thecourt decided to give him a week.

OTTAWA

Cross-border travel plummetsThe number of Canadians and Americanstravelling across the border plunged inJune,an indication that new passportrules that came into effect on June 1 areslowing traffic on both sides.The WesternHemisphere Travel Initiative requires alltravellers, including U.S.residents,to havea passport,a NEXUS card (a pre-approvedtravel document for low-risk travellers) ora biometric driver’s licence in order to en-ter the United States.The number ofCanadians visiting the U.S.fell 9.6 per centin June from May,Statistics Canada saidWednesday,while the number of Ameri-cans crossing the border into Canadadropped 15.6 per cent.Overnight travelto Canada by U.S.residents declined 9.3per cent in June,but the most staggeringnumber was the 26.2-per-cent decline insame-day car travel.

MONTREAL

Earl Jones declared bankruptEarl Jones didn’t show up at the MontrealcourthouseWednesday,but that didn’tstop a registrar from declaring the dis-graced financier personally bankrupt.“Heis completely insolvent,”RSM Richter ac-countant Gilles Robillard said to the regis-trar,after being asked about Jones’s finan-

cial status.“We have seized two cars,aBMW and an Audi,there are three condosin both names [Jones and his wife,Max-ine] and mortgages on all of them.”Afterhearing testimony from petitioner Christi-na Ross about how Jones allegedly forgedher and her sister’s signatures on a docu-ment,registrar Pierre Pellerin said therewas no doubt that this was a case of bank-ruptcy and declared it to be so.“That’sstrike two,”Ross said after the hearing.“Strike one was his company being de-clared bankrupt.Kicking him out of hishouse should hopefully be the next step.”

TORONTO

RIM calls for fast-track ofnew rules to stop Nortel saleResearch In Motion continues to grum-ble over the pending sale of certain wire-less assets of Nortel Networks to a for-eign rival,calling upon Ottawa Wednes-day to speed up the adoption of newrules that could be used to cancel thecontroversial transaction.In a statement,RIM once again demanded that the sale,which will deliver most of the wirelesstechnologies of Nortel,under bankrupt-cy protection,to Telefon AB LM Ericssonof Sweden,must be put to a national-in-terest test under the Investment CanadaAct.“RIM believes that a $1.13-billion UStransaction must be reviewed to ensurethat Canada’s national interests are met.”

OTTAWA

EDC to invest in Brookfield fundExport Development Canada saidWednesday it will become the lead in-vestor in a new $1-billion fund to bemanaged by Brookfield Asset Manage-ment Inc.aimed at providing loans forcompanies undergoing court-orderedrestructurings.The Crown financier said itwould provide an initial $450 million forthe fund,and added that investmentcould grow to $1 billion.Toronto-basedBrookfield has committed $100 million,while other investors include CIBC andSun Life Financial Inc.

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FACSIMILE: 604 660-1102

AN APPLICATION BY BRITISH COLUMBIA HYDRO AND POWER AUTHORITYGORDON M. SHRUM UNITS 1 TO 5 TURBINE REPLACEMENT PROJECT

THE APPLICATIONOn August 5, 2009, British Columbia Hydro and Power Authority (“BC Hydro”) filed with the Commission an Application for acceptance,pursuant to Section 44.2(1)(b) of the Utilities Commission Act (the “Act”), that capital expenditures BC Hydro anticipates making inrespect of the GMS Units 1 to 5 Turbine Replacement Project (the “Project”) are in the public interest.

The Project, located on the Peace River near Hudson’s Hope in North Eastern British Columbia, involves replacing Units 1 to 5turbines. Specifically, this will include designing and manufacturing new turbine runners, wicket gates, wicket gate operatingmechanisms and head covers and overhauling the remaining turbine components. The Project has an Expected Cost and anAuthorized Cost of $262 million and $319 million respectively, and the expected in-service date is March 2017.

THE REGULATORY PROCESSOrder No. G-94-09 established the Regulatory Timetable for the review of the Application by way of a Written Public Hearing.

The detailed Regulatory Timetable can be reviewed on the Commission’s website http://www.bcuc.com>Proceedings&Agendas>Current Applications.

INTERVENTIONSPersons who expect to actively participate in the BC Hydro proceeding should register as Intervenors with the Commission, in writing,by Thursday, September 3, 2009 and identify their interest in the Application. Intervenors will receive copies of the Application as wellas all correspondence and filed documentation and should provide an email address if available.

Persons not expecting to actively participate in the BC Hydro proceeding, but who have an interest in the Application, should registeras Interested Parties with the Commission, in writing, by Thursday, September 3, 2009 and identify their interest in the Application.Interested Parties will receive a copy of the Executive Summary of the Application and all Orders issued.

PUBLIC INSPECTION OF THE DOCUMENTSThe Application and supporting materials will be available for inspection at the following locations:




Commission SecretaryTelephone: 604 660 4700Facsimile: 604 660 1102E-mail: [email protected] (BC Toll Free): 1 800 663 1385

0809-1728







FACSIMILE: 604 660-1102

AN APPLICATION BY BRITISH COLUMBIA HYDRO AND POWER AUTHORITYMICA GAS INSULATED SWITCHGEAR PROJECT

THE APPLICATIONOn August 5, 2009, British Columbia Hydro and Power Authority applied to the British Columbia Utilities Commission to accept that acapital expenditure for the Mica Gas Insulated Switchgear Project is in the public interest. The Mica GIS Project will replace all of theold GIS at the Mica Generation Station, which is on the Columbia River and 135 km upstream from the City of Revelstoke. The Projectwill also install GIS in the third lead shaft at the station and will extend the switchgear building. The Project is estimated to cost $180.6million and is scheduled for completion in June 2013.

BC Hydro states that the Project is needed to maintain the reliability of the Mica Generating Station, and will also provide safety andenvironmental benefits.

THE REGULATORY PROCESSBy Order G-95-09, the Commission established a written public hearing for the regulatory review of the Application. The RegulatoryTimetable for the review can be viewed on the Commission website at www.bcuc.com.

INTERVENTIONSPersons who expect to actively participate in the BC Hydro proceeding should register as Intervenors with the Commission andshould identify the issues that they intend to pursue and the nature and extent of their anticipated involvement in the review process.Intervenors will each receive a copy of the Application and all correspondence and filed documentation and should provide an emailaddress if possible.

Persons not expecting to actively participate, but who have an interest in the proceeding should register as Interested Parties.Interested Parties will receive a copy of the Executive Summary in the Application, and all Orders and Decisions issued.

Intervenors and Interested Parties should register in writing no later than Thursday, September 3, 2009. Notification by mail, courierdelivery, fax or email is acceptable.





Telephone: 604 660 4700Telephone (BC Toll Free): 1 800 663 1385Facsimile: 604 660 1102E-mail: [email protected]

0809-1729



B U S I N E S S timescolonist.com | TIMES COLONISTB4 THURSDAY, AUGUST 20, 2009

Fallen financiernow bankruptANNE SUTHERLANDCanwest News Service

MONTREAL — Disgracedfinancier Earl Joneswas declared person-ally bankrupt by a Que-bec court yesterday.

“He is completelyinsolvent,” RSM Richteraccountant Gilles Robil-lard said to the courtregistrar, after beingasked about the finan-cial status of Jones —who faces fraud andtheft charges.

“We have seized twocars, a BMW and anAudi, there are threecondos in both names[Jones and his wifeMaxine] and mortgageson all of them.”

After hearing testi-mony from petitionerChristina Ross abouthow Jones forged herand her sister’s signa-tures on a document,endorsed a chequemade out to theirfather’s estate anddeposited it in his ownaccount, and bouncedthree $31,000 chequesin early July, Pierre Pel-lerin said there was nodoubt this was a case ofbankruptcy anddeclared it to be so.

It is alleged thatJones — who was notpresent at the court-house — had been cov-ering interest paymentsto his clients largelyusing client capitalentrusted to him.About175 people appear

to have been left highand dry. Their dollardamages have beenestimated at up to $50million.

On Tuesday it wasrevealed by RSMRichter — the leadingtrustee in the case —that Jones used $12.3million from the trustaccount of his corpora-tion for his own, hiswife’s, and his family’spersonal expenses. How-ever, once missing bankstatements are analyzed,the amount could bemore than $20 million.

RSM Richter ana-lyzed documents from1987 to 1999, and from2008 to 2009. Bankstatements from 2000to 2007 are missing, andthe banks Jones usedhave been asked to pro-vide their archivedcopies to the trustee.

RSM Richter foundthat company moneypaid for Jones’s cars,real estate, repairs, fur-niture, credit-card bills,his children’s educationand various invest-ments.

After weeks in hid-ing, Jones surrenderedto police at his lawyer’soffice on July 27 andwas arrested.

He spent one night injail and was chargedwith four counts offraud and four countsof theft. He wasreleased on bail July 28after his brother-in-lawposted $30,000 bail.

EARL JONES AFFAIR

Inflation hits56-year lowon oil’s slideALIA MCMULLENFinancial Post

TORONTO — Canada’sinflation rate hit a 56-year low and will likelyslip further in the com-ing months as the indexcontinues to react tolast year’s record surgein oil prices. But whileoverall prices appearedsomewhat deflationaryin July, consumerswould be forgiven fornot noticing becausecore inflation, whichexcludes energy,remains higher than ayear ago.

“Many Canadiansare unlikely to feeltheir cost of livingdeclined,” saidSebastien Lavoie, aneconomist at Laurent-ian Bank Securities. Hesaid prices of fre-quently purchasedgoods, such as food andparking, remainedhigher, while those ofbig-ticket durablegoods, including carsand furniture, fell.

“The problem is thatunless you buy thesedurable goods — lesslikely amid the labourmarket woes andincreasing financialtensions — you don’tbenefit from theselower prices,” he said.

The all-items con-sumer price indexdeclined by 0.9 per centin July compared with ayear earlier, worse thanthe 0.3 per cent droprecorded in June, Sta-tistics Canada figuresshowed yesterday. Itwas the lowest readingsince 1953 and waslargely attributed to thefact gasoline priceswere 23.4 per centlower than in July lastyear, when the cost of abarrel of oil peaked atabout $147 US.

On the other hand,core inflation, whichexcludes energy, wasrather resilient giventhe economy has beenin recession. Coreprices were 1.8 per centhigher than in July2008, down one basispoint from last monthbut still only slightlybelow the Bank ofCanada’s inflation tar-get of two per cent.

Food prices easedfrom the previousmonth, but remainedfive per cent higherthan a year earlier,while the cost of recre-ation, education andreading was up 1.1 percent compared with 0.9per cent previously.

“Strip out energyvolatility, and itbecomes apparent thatCanada doesn’t have aproblem with eitherinflation or deflation,”said Krishen Ran-gasamy, an economistat CIBC World Markets.

Rangasamy saidprices were expected toease further in the com-ing months in relation tolast year’s higher oil val-ues, downward pressureon some items from therecession and the recentrise in the Canadian dol-lar, which makesimported goods cheaper.This would allow theBank of Canada to con-tinue to stimulate theeconomy with recordlow interest rates andkeep its conditionalpromise to hold thebenchmark rate at 0.25per cent until mid-2010.

Despite an antici-pated further softeningin prices, economists donot expect deflation toget a stranglehold onCanada. Stewart Hall,an economist at HSBCSecurities, said signs ofeconomic recovery anda decline in oil prices inthe second half of lastyear are expected todrive headline inflationback into positive terri-tory by the end of thisyear.

He said a rise inCanada’s compositeleading index, alsoreleased yesterday, sug-gests that projectionsthe recession likelyended in the currentquarter were likely cor-rect. The leading indexfor July rose for thefirst time in almost ayear to be up by 0.4 percent, Statistics Canadafigures showed. Theresults signalled animprovement in thesectors of the economythat lead economicgrowth, such as thestock markets andhousing. — CNS

Average of February - July 2009

AVERAGE WEEKS UNEMPLOYED - BY PROVINCE

CANADA

BC ALTA SASK MAN ONT QUE ATL

ADAPTED FROM VANCOUVER PROVINCE GRAPHIC

201816141210

86420

No jobless recoverythis time aroundFinancial Post

OTTAWA — Canada’s unemployedare finding work at almost thesame pace they did before therecession began, suggesting thatwhen the economy turns around,it won’t bring with it a 1991-style“jobless recovery,” says a reportby CIBC World Markets.

While the number of unem-ployed Canadians has soared to1,583,000 and the unemploymentrate to 8.6 per cent, people arefinding new jobs within an aver-age of 15 weeks, only one weeklonger than it took before theeconomic slide began, said senioreconomist Benjamin Tal.

“Rising unemployment in acontext of a relatively shortduration of unemployment is areflection of a dynamic labourmarket where becoming unem-ployed does not mean remainingunemployed,” Tal said.

Furthermore, he said, the datasuggests that the current waveof personal bankruptcies, whichclimbed more than 54 per cent toalmost 11,000 claims in themonth of June, will be relativelyshort-lived.

The report explains that whilethe bottom line is the unemploy-ment rate, the bigger implica-tions for the economy lie in howmuch time people spend out ofwork.

The longer people remainunemployed, and the larger thenumber of people doing so, theworse the impact on the econ-omy at large, as consumer confi-dence falls and underlying fun-damentals wilt.

Currently, about 250,000 Cana-dians have been unemployed formore than six months, a number30 per cent lower than at theequivalent stage in the 1991recession, Tal’s study shows.

Conversely, the rate of newlyunemployed Canadians — at onemillion — is “in line” with thepace seen in the 1991 recession.

That shows people are stillfinding work — although per-haps of a lower quality or in theform of self-employment —despite the fact companies con-tinue to lay people off, Tal said.

Moreover, this “exit rate” forthe newly unemployed, who arefinding jobs in relatively shortorder, “bodes well for a more nor-mal job market recovery, asopposed to the jobless recoverythat followed the 1991 recession,”Tal’s report said.

The fate of Ontario and Que-bec, however, which currentlysuffer the longest lengths ofunemployment will be tied to amore anemic U.S. recovery,while B.C. and Alberta respondto a more vigorous global expan-sion, Tal said.

Hyundai to top upOttawa scrap plan TORONTO — Hyundai Motor Co.’sCanadian arm is offering buyersup to $1,000 as a top-up to thefederal government’s scrappageprogram, the first such initia-tive in the country followingsimilar offers in the U.S. andelsewhere. Hyundai said it willoffer people who buy one of itsnew models between $500 and$1,000 in savings depending onthe vehicle. Analysts have criti-cized the incentives for beingtoo weak to have any meaning-ful impact. — Financial Post

Small airlinesgrounded forOlympic securityCanwest News Service

VANCOUVER — Smallerairlines will be groundedwhen the 2010 Olympicsand its security forcescome to town.

Only helicopters willbe allowed, and all fixed-wing planes, whether onwheels or floats, will bebanned.

Security rulesbetween Jan. 29 andMarch 24, will groundsmaller airlines becauseall passengers and lug-gage travelling to andfrom an Olympic “secu-rity zone” will have to gothrough a new screeningprocess when the airrestrictions are in place.

For KD Air Corp. ofQualicum — with fivedaily flights to Vancouver— that means the businessmight as well shut down,owner and co-founderDiana Banke said.

Under restrictions forthe Olympics, all passen-gers and luggage travel-ling to and from anOlympic “security zone”will have to go through asecurity screening.

The Canadian AirTransport SecurityAuthority is setting up anumber of temporaryscreening locations, suchas the float plane harbourin Nanaimo, Cpl. JenAllan of the Vancouver2010 Integrated SecurityUnit said.

But so far, CATSA hasno plans to set up screen-ing in Qualicum.

Banke says the secu-

rity unit has suggestedKD Air’s flights go viaeither Victoria orNanaimo to meet thesecurity requirement.

But why would passen-gers who are used to a 20-minute commute to Van-couver get on a KD Airplane to fly to Nanaimo orVictoria, where they haveto get off the plane to gothrough security, Bankeasked.

“It’s now two hours,”Banke said. “People willnot fly with us. We willlose all our clientele.”Banke worries she’ll losecustomers to float planesthat fly out of Nanaimo’sharbour, which will haveCATSA screening.

Harbour Air Sea-planes currently hasmore than 10 flights aday each way betweenNanaimo and the Vancou-ver area. For HarbourAir, it will be “business asusual,” the company’ssenior vice-presidentRandy Wright said. Moretime will be requiredbetween flights to allowfor the screening, butother than that thereshould be no difference,Wright said.

Pacific Coastal Air-lines has been told thattemporary screeningfacilities will be set up inPort Hardy and PowellRiver, two of its mostpopular destinations. Butthe company’s other flightswill have to go throughanother airport beforethey can land at Vancou-ver’s south terminal.





FACSIMILE: 604 660-1102

AN APPLICATION BY BRITISH COLUMBIA HYDRO AND POWER AUTHORITY MICA GAS INSULATED SWITCHGEAR PROJECT

THE APPLICATION On August 5, 2009, British Columbia Hydro and Power Authority applied to the British Columbia Utilities Commission to accept that a capital expenditure for the Mica Gas Insulated Switchgear Project is in the public interest. The Mica GIS Project will replace all of the old GIS at the Mica Generation Station, which is on the Columbia River and 135 km upstream from the City of Revelstoke. The Project will also install GIS in the third lead shaft at the station and will extend the switchgear building. The Project is estimated to cost $180.6 million and is scheduled for completion in June 2013.


THE REGULATORY PROCESS By Order G-95-09, the Commission established a written public hearing for the regulatory review of the Application. The Regulatory Timetable for the review can be viewed on the Commission website at www.bcuc.com.

INTERVENTIONS Persons who expect to actively participate in the BC Hydro proceeding should register as Intervenors with the Commission and should identify the issues that they intend to pursue and the nature and extent of their anticipated involvement in the review process. Intervenors will each receive a copy of the Application and all correspondence and filed documentation and should provide an email address if possible.

Persons not expecting to actively participate, but who have an interest in the proceeding should register as Interested Parties. Interested Parties will receive a copy of the Executive Summary in the Application, and all Orders and Decisions issued.


PUBLIC INSPECTION OF THE DOCUMENTS The Application and supporting materials will be available for inspection at the following locations::

All submissions and/or correspondence received from active participants or the general public relating to the Application will be placed on the public record and posted to the Commission’s web site.


FURTHER INFORMATION For further information please contact Ms. Erica Hamilton, Commission Secretary as follows:

Telephone: 604 660 4700 Telephone (BC Toll Free): 1 800 663 1385 Facsimile: 604 660 1102 E-mail: [email protected]

0809-1729



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