Powerex (B.C.) review, October 1991 to September 1992

Powerex was established in 1988 as the agency for private-sector development in the long-term firm international electricity trade market, and to market short term electricity products and services using B.C. Hydro's surplus capabilities. Extensive resources were required to renew the provincial and federal authorizations necessary to continue short term electricity trade with Alberta and the U.S. Powerex continues to pursue long term market opportunities for independent power producers in the U.S., with discussions ongoing with Sacramento Municipal Utility District and other U.S. utilities. The 1991-92 year saw significant accomplishments in the areas of electricity trade agreements with customers, with the signing of a number of interconnection and exchange agreements for firm and interruptible energy sales. Extraordinary weather conditions led to challenges and opportunities for B.C. Hydro and Powerex. The year 1991-92 was a record one for Powerex in terms of revenue from electricity trade. 6 figs