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BCH Fia f23

This document is the British Columbia Hydro and Power Authority's (BC Hydro) Financial Information Act Return for the fiscal year ended March 31, 2023. It includes BC Hydro's audited consolidated financial statements, schedules of debts, expenses, payments to suppliers, and grants/contributions for BC Hydro and several subsidiaries. It was prepared and approved in accordance with the Financial Information Act of British Columbia to provide transparency into BC Hydro's financial activities.

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0% found this document useful (0 votes)
1K views215 pages

BCH Fia f23

This document is the British Columbia Hydro and Power Authority's (BC Hydro) Financial Information Act Return for the fiscal year ended March 31, 2023. It includes BC Hydro's audited consolidated financial statements, schedules of debts, expenses, payments to suppliers, and grants/contributions for BC Hydro and several subsidiaries. It was prepared and approved in accordance with the Financial Information Act of British Columbia to provide transparency into BC Hydro's financial activities.

Uploaded by

jprichardbc
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 215

BRITISH COLUMBIA HYDRO AND

POWER AUTHORITY

Financial Information Act Return for the Year


Ended March 31, 2023

Published in accordance with the Financial Information Act,

Revised Statutes of British Columbia 1996, Chapter 140, as amended.

1
FINANCIAL INFORMATION ACT RETURN FOR THE YEAR ENDED MARCH 31, 2023

TABLE OF CONTENTS

Statement of Financial Information Approval 3

Audited Consolidated Financial Statements Fiscal 2023 4

British Columbia Hydro and Power Authority and its subsidiary Powerex Corp.
Schedule of Remuneration and Expenses – Board of Directors 71

British Columbia Hydro and Power Authority


Schedule of Debts 72
Schedule of Guarantee and Indemnity Agreements 73
Schedule of Remuneration and Expenses 74
Schedule of Payments to Suppliers for Goods and Services 159
Statement of Grants and Contributions 194

Powerex Corp.
Schedule of Remuneration and Expenses 195
Schedule of Payments to Suppliers for Goods and Services 200

Powertech Labs Inc.


Schedule of Remuneration and Expenses 204
Schedule of Payments to Suppliers for Goods and Services 209

BCHPA Captive Insurance Company Ltd.


Schedule of Payments to Suppliers for Goods and Services 212

Columbia Hydro Constructors Ltd.


Schedule of Payments to Suppliers for Goods and Services 213

2
BRITISH COLUMBA HYDRO AND POWER AUTHORITY

STATEMENT OF FINANCIAL INFORMATION APPROVAL

The undersigned represents the Board of Directors of the British Columbia Hydro and Power
Authority and approves the information contained in the Statement and Schedules of Financial
Information prepared in accordance with the Financial Information Act.

Lori Wanamaker
Chair of the Board

3
British Columbia Hydro and Power Authority
Management Report
The consolidated financial statements of British Columbia Hydro and Power Authority (BC Hydro) are the
responsibility of management and have been prepared in accordance with International Financial Reporting
Standards. The preparation of financial statements necessarily involves the use of estimates which have
been made using careful judgment. In management’s opinion, the consolidated financial statements have
been properly prepared within the framework of the accounting policies summarized in the consolidated
financial statements and incorporate, within reasonable limits of materiality, all information available at
June 8, 2023. The consolidated financial statements have also been reviewed by the Audit, Finance &
Capital Committee and approved by the Board of Directors. Financial information presented elsewhere in
this Annual Service Plan Report is consistent with that in the consolidated financial statements.
Management maintains systems of internal controls designed to provide reasonable assurance that assets
are safeguarded and that reliable financial information is available on a timely basis. These systems include
formal written policies and procedures, careful selection and training of qualified personnel and
appropriate delegation of authority and segregation of responsibilities within the organization. An internal
audit function independently evaluates the effectiveness of these internal controls on an ongoing basis and
reports its findings to management and the Audit, Finance & Capital Committee.
The consolidated financial statements have been examined by independent external auditors. The external
auditors’ responsibility is to express their opinion on whether the consolidated financial statements, in all
material respects, fairly present BC Hydro’s financial position, financial performance and cash flows in
accordance with International Financial Reporting Standards. The Independent Auditors’ Report, which
follows, outlines the scope of their examination and their opinion.
The Board of Directors, through the Audit, Finance & Capital Committee, is responsible for ensuring that
management fulfills its responsibility for financial reporting and internal controls. The Audit, Finance &
Capital Committee, comprised of directors who are not employees, meets regularly with the external
auditors, the internal auditors and management to satisfy itself that each group has properly discharged its
responsibility to review the financial statements before recommending approval by the Board of Directors.
The internal and external auditors have full and open access to the Audit, Finance & Capital Committee,
with and without the presence of management.

Chris O’Riley Ryan Layton


President and Chief Executive Officer Acting Executive Vice President, Finance,
Technology, Supply Chain and Chief Financial
Officer

Vancouver, Canada
June 8, 2023

4
Independent Auditor's Report
To the Board of Directors of the British Columbia Hydro and Power Authority, and
To the Minister of Energy, Mines and Low Carbon Innovation, Province of British Columbia

Opinion

I have audited the accompanying consolidated financial statements of the British Columbia
Hydro and Power Authority (“the group”), which comprise the consolidated statement of financial
position at March 31, 2023, and the consolidated statements of comprehensive income,
changes in equity and cash flows for the year then ended, and a summary of significant
accounting policies and other explanatory information.

In my opinion, the accompanying consolidated financial statements present fairly, in all material
respects, the financial position of the group as at March 31, 2023, and its financial performance
and its cash flows for the year then ended in accordance with International Financial Reporting
Standards.

Basis for Opinion

I conducted my audit in accordance with Canadian generally accepted auditing standards. My


responsibilities under those standards are further described in the Auditor's Responsibilities for
the Audit of the Consolidated Financial Statements section of my report. I am independent of
the group in accordance with the ethical requirements that are relevant to my audit of the
consolidated financial statements in Canada, and I have fulfilled my other ethical responsibilities
in accordance with these requirements. I believe that the audit evidence I have obtained is
sufficient and appropriate to provide a basis for my opinion.

Other Accompanying Information

Management is responsible for the other information. The other information comprises the
information included in the Annual Service Plan Report, but does not include the consolidated
financial statements and my auditor’s report thereon. The Annual Service Plan Report is
expected to be made available to me after the date of this auditor’s report.

My opinion on the consolidated financial statements does not cover the other information
accompanying the financial statements and I do not express any form of assurance conclusion
thereon.

In connection with my audit of the consolidated financial statements, my responsibility is to read


the other information that I have obtained prior to the date of my auditor’s report and, in doing
so, consider whether the other information is materially inconsistent with the consolidated
financial statements or my knowledge obtained during the audit or otherwise appears to be
materially misstated.

5
Independent Auditor’s Report

British Columbia Hydro and Power Authority

When I read the Annual Service Plan Report, if I conclude that there is a material misstatement
therein, I am required to communicate the matter to those charged with governance.

Responsibilities of Management and Those Charged with Governance for the


Consolidated Financial Statements.

Those charged with governance are responsible for the oversight of the financial reporting
process. Management is responsible for the preparation and fair presentation of the
consolidated financial statements in accordance with International Financial Reporting
Standards, and for such internal control as management determines is necessary to enable the
preparation of the consolidated financial statements that are free from material misstatement,
whether due to fraud or error.

In preparing the consolidated financial statements, management is responsible for assessing


the group’s ability to continue as a going concern, disclosing, as applicable, matters related to
going concern and using the going concern basis of accounting when the group will continue its
operations for the foreseeable future.

Auditor’s Responsibilities for the Audit of the Consolidated Financial Statements

My objectives are to obtain reasonable assurance about whether the group’s consolidated
financial statements as a whole are free from material misstatement, whether due to fraud or
error, and to issue an auditor’s report that includes my opinion. Reasonable assurance is a high
level of assurance, but is not a guarantee that an audit conducted in accordance with Canadian
generally accepted auditing standards will always detect a material misstatement, when it
exists. Misstatements can arise from fraud or error and are considered material if, individually or
in aggregate, they could reasonably be expected to influence the economic decision of users
taken on the basis of these consolidated financial statements.

As part of an audit in accordance with Canadian generally accepted auditing standards, I


exercise professional judgment and maintain professional skepticism throughout the audit. I
also:

• Identify and assess the risks of material misstatement of the consolidated financial
statements, whether due to fraud or error, design and perform audit procedures
responsive to those risks, and obtain audit evidence that is sufficient and appropriate to
provide a basis for my opinion. The risk of not detecting a material misstatement
resulting from fraud is higher than one resulting from error, as fraud may involve
collusion, forgery, intentional omissions, misrepresentations, or the override of internal
control.
• Obtain an understanding of internal control relevant to the audit in order to design audit
procedures that are appropriate in the circumstances, but not for the purpose of
expressing an opinion on the effectiveness of the group’s internal control.
• Evaluate the appropriateness of accounting policies used and the reasonableness of
accounting estimates and related disclosures made by management.
• Conclude on the appropriateness of management’s use of the going concern basis of
accounting and, based on the audit evidence obtained, whether a material uncertainty

6
Independent Auditor’s Report

British Columbia Hydro and Power Authority

exists related to events or conditions that may cast significant doubt on the group’s
ability to continue as a going concern. If I conclude that a material uncertainty exists, I
am required to draw attention in my auditor’s report to the related disclosures in the
consolidated financial statements or, if such disclosures are inadequate, to modify my
opinion. My conclusions are based on the audit evidence obtained up to the date of my
auditor’s report. However, future events or conditions may cause the group to cease to
continue as a going concern.
• Evaluate the overall presentation, structure and content of the consolidated financial
statements, including the disclosures, and whether the consolidated financial statements
represent the underlying transactions and events in a manner that achieves fair
presentation.
• Obtain sufficient appropriate audit evidence regarding the financial information of the
entities or business activities within the group to express an opinion on the consolidated
financial statements. I am responsible for the direction, supervision and performance of
the group audit and I remain solely responsible for my audit opinion.

I communicate with those charged with governance regarding, among other matters, the
planned scope and timing of the audit and significant audit findings, including any significant
deficiencies in internal control that I identify during my audit.

I also provide those charged with governance with a statement that I have complied with
relevant ethical requirements regarding independence, and to communicate with them all
relationships and other matters that may reasonably be thought to bear on my independence,
and where applicable, related safeguards.

Michael A. Pickup, FCPA, FCA


Auditor General of British Columbia

Victoria, British Columbia, Canada


June 8, 2023

7
British Columbia Hydro and Power Authority
Audited Financial Statements

Consolidated Statements of Comprehensive Income

for the years ended March 31 (in millions) 2023 2022


Revenues (Note 4)
Domestic $ 5,304 $ 5,619
Trade 2,723 1,972
8,027 7,591
Expenses
Operating expenses (Note 5) 6,009 5,794
Finance charges (Note 6) 496 521
Net Income Before Movement in Regulatory Balances 1,522 1,276
Net movement in regulatory balances (Note 15) (1,162) (608)
Net Income 360 668

OTHER COMPREHENSIVE INCOME

Items That Will Be Reclassified to Net Income


Effective portion of changes in fair value of derivatives designated
as cash flow hedges (Note 23) 18 (34)
Reclassification to income of derivatives designated
as cash flow hedges (Note 23) (91) 39
Foreign currency translation gains (losses) 54 (12)
Items That Will Not Be Reclassified to Net Income
Actuarial gain 251 776
Other Comprehensive Income before movement in
regulatory balances 232 769
Net movements in regulatory balances (Note 15) (282) (758)
Other Comprehensive Income (Loss) (50) 11
Total Comprehensive Income $ 310 $ 679

See accompanying Notes to the Consolidated Financial Statements.

8
British Columbia Hydro and Power Authority
Consolidated Statements of Financial Position
As at As at
March 31, March 31,
(in millions) 2023 2022
ASSETS
Current Assets
Cash and cash equivalents (Note 8) $ 148 $ 99
Accounts receivable and accrued revenue (Note 9) 894 802
Inventories (Note 10) 387 264
Prepaid expenses 186 156
Current portion of derivative financial instrument assets (Note 23) 494 315
2,109 1,636
Non-Current Assets
Property, plant and equipment (Note 11) 36,926 34,038
Right-of-use assets (Note 12) 1,305 1,248
Intangible assets (Note 13) 639 640
Derivative financial instrument assets (Note 23) 319 242
Other non-current assets (Note 14) 542 540
39,731 36,708
Total Assets 41,840 38,344
Regulatory Balances (Note 15) 3,946 4,390
Total Assets and Regulatory Balances $ 45,786 $ 42,734

LIABILITIES AND EQUITY


Current Liabilities
Accounts payable and accrued liabilities (Note 16) $ 1,953 $ 1,760
Current portion of long-term debt (Note 17) 2,958 3,292
Current portion of unearned revenues and contributions in aid (Note 20) 108 100
Current portion of derivative financial instrument liabilities (Note 23) 474 228
5,493 5,380
Non-Current Liabilities
Long-term debt (Note 17) 24,057 22,659
Lease liabilities (Note 19) 1,376 1,327
Derivative financial instrument liabilities (Note 23) 325 177
Unearned revenues and contributions in aid (Note 20) 2,615 2,418
Post-employment benefits (Note 22) 731 893
Other non-current liabilities (Note 24) 1,354 1,355
30,458 28,829
Total Liabilities 35,951 34,209
Regulatory Balances (Note 15) 2,479 1,479
Total Liabilities and Regulatory Balances 38,430 35,688

Shareholder's Equity
Contributed surplus 60 60
Retained earnings 7,354 6,994
Accumulated other comprehensive loss (58) (8)
7,356 7,046
Total Liabilities, Regulatory Balances, and Shareholder's Equity $ 45,786 $ 42,734

Commitments and Contingencies (Notes 11 and 25)


See accompanying Notes to the Consolidated Financial Statements.
Approved on behalf of the Board:

Lori Wanamaker Victoria McMillan, CPA, CA


Board Chair Chair, Audit, Finance & Capital Committee

9
British Columbia Hydro and Power Authority
Consolidated Statements of Changes in Equity

Total
Unrealized Accumulated
Cumulative Income (Loss) Other
Translation on Cash Flow Comprehensive Contributed Retained
(in millions) Reserve Hedges Loss Surplus Earnings Total
Balance as at April 1, 2021 $ (19) $ - $ (19) $ 60 $ 6,326 $ 6,367
Comprehensive Income 6 5 11 - 668 679
Balance as at March 31, 2022 (13) 5 (8) 60 6,994 7,046
Comprehensive Income (Loss) 23 (73) (50) - 360 310
Balance as at March 31, 2023 $ 10 $ (68) $ (58) $ 60 $ 7,354 $ 7,356

See accompanying Notes to the Consolidated Financial Statements.

10
British Columbia Hydro and Power Authority
Consolidated Statements of Cash Flows

for the years ended March 31 (in millions) 2023 2022


Operating Activities
Net income $ 360 $ 668
Regulatory account transfers (Note 15) 1,162 608
Adjustments for non-cash items:
Amortization and depreciation expense (Note 7) 1,052 1,079
Unrealized gains on derivative financial instruments (55) (235)
Post-employment benefits expense 98 146
Interest accrual 874 786
Other items 47 74
3,538 3,126
Changes in working capital and other assets and liabilities (Note 18) (100) 166
Interest paid (919) (877)
Cash provided by operating activities 2,519 2,415
Investing Activities
Property, plant and equipment and intangible asset expenditures (3,532) (3,127)
Cash used in investing activities (3,532) (3,127)
Financing Activities
Long-term debt issued (Note 17) 1,498 1,568
Long-term debt retired (Note 17) (500) (526)
Receipt of revolving borrowings 7,438 8,733
Repayment of revolving borrowings (7,494) (8,744)
Payment of principal portion of lease liability (71) (82)
Settlement of hedging derivatives 205 (151)
Other items (14) (24)
Cash provided by financing activities 1,062 774
Increase in cash and cash equivalents 49 62
Cash and cash equivalents, beginning of year 99 37
Cash and cash equivalents, end of year $ 148 $ 99

See Note 18 for Cash flow supplement - changes in liabilities arising from financing activities

See accompanying Notes to the Consolidated Financial Statements.

11
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

Note 1: Reporting Entity


British Columbia Hydro and Power Authority (BC Hydro) was established in 1962 as a Crown
Corporation of the Province of British Columbia (the Province) by enactment of the Hydro and Power
Authority Act. As directed by the Hydro and Power Authority Act, BC Hydro’s mandate is to generate,
manufacture, conserve and supply power. BC Hydro owns and operates electric generation, transmission
and distribution facilities in the province of British Columbia. The head office of the Company is 333
Dunsmuir Street, Vancouver, British Columbia.

The consolidated financial statements of BC Hydro include the accounts of BC Hydro and its principal
wholly owned operating subsidiaries Powerex Corp. (Powerex), and Powertech Labs Inc. (Powertech),
(collectively with BC Hydro, the Company). All intercompany transactions and balances are eliminated on
consolidation.

Note 2: Basis of Presentation


(a) Basis of Accounting
These consolidated financial statements have been prepared in accordance with International Financial
Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB). The
significant accounting policies are set out in Note 3.

Certain amounts in the prior year’s comparative figures have been reclassified to conform to the current
year’s presentation.

These consolidated financial statements were approved by the Board of Directors on June 8, 2023.

(b) Basis of Measurement


The consolidated financial statements have been prepared on the historical cost basis except for natural
gas inventories in Note 3(j), financial instruments that are accounted for at fair value through profit and
loss according to the financial instrument categories as defined in Note 3(k) and the post-employment
benefits obligation as described in Note 3(p).

(c) Functional and Presentation Currency


The functional currency of BC Hydro and all of its subsidiaries, except for Powerex, is the Canadian
dollar. Powerex’s functional currency is the United States (U.S.) dollar. These consolidated financial
statements are presented in Canadian dollars and financial information has been rounded to the nearest
million.

(d) Key Assumptions and Significant Judgments


The preparation of financial statements in conformity with IFRS requires management to make
judgments, estimates and assumptions in respect of the application of accounting policies and the
reported amounts of assets, liabilities, income and expenses. Actual results may differ from those
judgments, estimates, and assumptions.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are
recognized in the period in which the estimates are revised and in any future periods affected.

12
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

Information about significant areas of judgment, estimates and assumptions in applying accounting
policies that have the most significant effect on the amounts recognized in the financial statements is as
follows:

(i) Retirement Benefit Obligation


BC Hydro operates a defined benefit statutory pension plan for its employees, which is accounted
for in accordance with IAS 19, Employee Benefits. Actuarial valuations are based on key
assumptions which include employee turnover, mortality rates, discount rates, earnings increases
and expected rate of return on retirement plan assets. Judgment is exercised in determining these
assumptions. The assumptions adopted are based on prior experience, market conditions and advice
of plan actuaries. Future results are impacted by these assumptions including the accrued benefit
obligation and current service cost. See Note 22 for significant benefit plan assumptions.

(ii) Provisions and Contingencies


Management is required to make judgments to assess if the criteria for recognition of provisions and
contingencies are met, in accordance with IAS 37, Provisions, Contingent Liabilities and
Contingent Assets. IAS 37 requires that a provision be recognized where there is a present
obligation as a result of a past event, it is probable that transfer of economic benefits will be
required to settle the obligation and a reliable estimate can be made of the amount of the obligation.
Key judgments are whether a present obligation exists and the probability of an outflow being
required to settle that obligation. Key assumptions in measuring recorded provisions include the
timing and amount of future payments and the discount rate applied in valuing the provision.

The Company is currently defending certain lawsuits where management must make judgments,
estimates and assumptions about the final outcome, timing of trial activities and future costs as at
the period end date. Management has obtained the advice of its external counsel in determining the
likely outcome and estimating the expected costs associated with these lawsuits; however, the
ultimate outcome or settlement costs may differ from management’s estimates.

(iii) Financial Instruments


The Company enters into financial instrument arrangements which require management to make
judgments to determine if such arrangements are derivative instruments in their entirety or contain
embedded derivatives, including whether those embedded derivatives meet the criteria to be
separated from their host contract, in accordance with IFRS 9, Financial Instruments. Key
judgments are whether certain non-financial items are readily convertible to cash, whether similar
contracts are routinely settled net in cash or delivery of the underlying commodity taken and then
resold within a short period, whether the value of a contract changes in response to a change in an
underlying rate, price, index or other variable, and for embedded derivatives, whether the economic
risks and characteristics are not closely related to the host contract and a separate instrument with
the same terms would meet the definition of a derivative on a standalone basis.

Valuation techniques are used in measuring the fair value of financial instruments when active
market quotes are not available. Valuation of the Company’s financial instruments is based in part
on forward prices which are volatile and therefore the actual realized value may differ from
management’s estimates.

13
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

(iv) Right-of-Use Leases


The Company enters into long-term energy purchase agreements that may be considered to be, or
contain a lease. In making this determination, judgment is required to determine whether the
contract conveys the right to control the use of an identified asset for a period of time in exchange
for consideration.

In the situation where the implicit interest rate in the lease is not readily determined, the Company
uses judgment to estimate the incremental borrowing rate for discounting the lease payment. The
Company’s incremental borrowing rate generally reflects the interest rate that the Company would
have to pay to borrow a similar amount at a similar term and with similar security. The Company
estimates the lease term by considering the facts and circumstances that create an economic
incentive to exercise an extension or termination option. Certain qualitative and quantitative
assumptions are used when evaluating these options.

(v) Useful Life of Property, Plant and Equipment and Intangible Assets
Estimation and judgement are involved in determining useful lives and related depreciation and
amortization of property, plant and equipment and intangible assets. Estimated useful lives are
determined based upon the anticipated physical life of the asset, past experience with similar assets,
industry averages and expectations about future events that could impact the life of the asset.
Estimated useful lives are reviewed annually to ensure their reasonableness (Note 3(e) and 3(f)).
The Company periodically conducts depreciation studies to assess asset useful lives.

(vi) Rate Regulation


When a regulatory account has been or will be applied for, and, in management’s estimate,
acceptance of deferral treatment by the British Columbia Utilities Commission (BCUC), and
recovery in future rates is considered probable, BC Hydro defers such costs in advance of a final
decision of the BCUC. In assessing whether deferral approval and collection in future rates is
probable management considers factors such as past precedents, magnitude of the costs, impact on
rates, legal enquiries, regulatory framework for cost recovery, and political environment. If the
BCUC subsequently denies the application for regulatory treatment, the deferred amount is
recognized immediately in comprehensive income.

(vii) Revenues
For contributions in aid of construction revenue, management must make judgments when
determining the period over which revenue is recognized when the associated contracts do not
specify a finite period over which service is provided.

For revenue contracts where a significant financing component is present, management must make
judgments when determining the appropriate discount rate to use.

14
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

Note 3: Significant Accounting Policies


(a) Rate Regulation
BC Hydro is regulated by the BCUC and both entities are subject to directives and directions issued by
the Province. BC Hydro’s rates are set on a cost of service basis. Calculation of its revenue
requirements and rates charged to customers are established through applications filed with and
approved by the BCUC.

In January 2014, the IASB issued an interim standard, IFRS 14, Regulatory Deferral Accounts, which
provides guidance on accounting for the effects of rate regulation under IFRS. This guidance allows
entities that conduct rate-regulated activities to continue to recognize regulatory deferral accounts. BC
Hydro has elected to adopt IFRS 14 in its consolidated financial statements. The interim standard is
only intended to provide temporary guidance until the IASB completes its comprehensive project on
rate-regulated activities. IFRS 14 remains in force until either repealed or replaced by permanent
guidance on rate-regulated accounting from the IASB.

Under rate-regulated accounting, the timing and recognition of certain expenses and revenues may
differ from those otherwise expected under other IFRS in order to appropriately reflect the economic
impact of regulatory decisions regarding the Company’s regulated revenues and expenditures. These
amounts arising from timing differences are recorded as regulatory debit and credit balances on the
Company’s consolidated statements of financial position, and represent existing rights and obligations
regarding cash flows expected to be recovered from or refunded to customers, based on decisions and
approvals by the BCUC. In the absence of rate-regulation, these amounts would be included in
comprehensive income.

BC Hydro capitalizes as a regulatory asset, all or part of an incurred cost that would otherwise be
charged to net income or other comprehensive income (OCI) if it is probable that future revenue in an
amount at least equal to the capitalized cost will result from inclusion of that cost in allowable costs for
rate-making purposes and the future rates and revenue approved by the BCUC will permit recovery of
that incurred cost. Regulatory liabilities are recognized for certain gains or other reductions of net
allowable costs for adjustment of future rates as determined by the BCUC. In the event that the
recovery of these asset balances are assessed to no longer be probable based on management’s
judgment or the refund of these liability balances are no longer required, the balances are recorded in
the Company’s consolidated statements of comprehensive income in the period when the assessment is
made.

Regulatory balances that do not meet the definition of an asset or liability under any other IFRS are
segregated on the consolidated statement of financial position, and are separately disclosed on the
consolidated statement of comprehensive income as net movements in regulatory balances related to
net income (loss) or net movements in regulatory balances related to other comprehensive income
(loss). The netting of regulatory debit and credit balances is not permitted. The measurement of
regulatory balances is subject to certain estimates and assumptions, including assumptions made in the
interpretation of the BCUC’s regulations and decisions.

(b) Revenues
The Company recognizes revenue when it transfers control over a promised good or service, which
constitutes a performance obligation under the contract, to a customer and where the Company is

15
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

entitled to consideration as a result of completion of the performance obligation. Depending on the


terms of the contract with the customer, revenue recognition can occur at a point in time or over time.
When a performance obligation is satisfied, revenue is measured at the transaction price that is
allocated to that performance obligation.

Domestic revenues comprise sales to customers within the province of British Columbia, and sales of
energy outside the province that are under long-term contracts. Sales that are surplus to domestic load
requirements and other sales outside the province are classified as trade.

A significant portion of the Company’s revenue is generated from providing electricity goods and
services. Revenue is recognized over time generally using output measure or progress (i.e., kilowatt
hours delivered) as the Company’s customers simultaneously receive and consume the electricity
goods and services as it is provided. Revenue is determined on the basis of billing cycles and includes
accruals for electricity deliveries not yet billed.

The Company recognizes a financing component where the timing of payment from the customer
differs from the Company’s performance under the contract and where that difference is the result of
the Company financing the transfer of goods and services.

Energy trading contracts that meet the definition of a financial or non-financial derivative are
accounted for at fair value whereby any realized gains and losses and unrealized changes in the fair
value are recognized in trade revenues in the period of change. Realized and unrealized changes in the
fair value of these contracts are accounted for under IFRS 9, Financial Instruments (Note 3(k)).

Energy trading and other contracts which do not meet the definition of a derivative are accounted for
on an accrual basis whereby the realized gains and losses are recognized as revenue as the contracts
are settled. Such contracts are considered to be settled when control of products and services are
transferred to the buyer and performance obligation is satisfied.

(c) Finance Costs and Recoveries


Finance costs comprise of interest expense on borrowings, accretion expense on provisions and other
long-term liabilities, net interest on net defined benefit obligations, interest on lease liabilities, foreign
exchange losses and realized and unrealized interest and foreign exchange hedging instrument losses
that are recognized in the statement of comprehensive income, excluding energy trading contracts. All
borrowing costs are recognized using the effective interest rate method.

Finance costs exclude borrowing costs attributable to the construction of qualifying assets, which are
assets that take six months or more to prepare for their intended use.

Finance recoveries comprises of income earned on sinking fund investments held for the redemption of
long-term debt, foreign exchange gains and realized and unrealized interest and foreign exchange
hedging instrument gains that are recognized in the statement of comprehensive income, excluding
energy trading contracts.

(d) Foreign Currency


Foreign currency transactions are translated into the respective functional currencies of BC Hydro and

16
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

its subsidiaries, using the exchange rates prevailing at the dates of the transactions. Monetary assets
and liabilities denominated in foreign currencies at the reporting date are translated to the functional
currency at the exchange rate in effect at that date. The foreign currency gains or losses on monetary
items is the difference between the amortized cost in the functional currency at the beginning of the
period, adjusted for effective interest and payments during the period, and the amortized cost in the
foreign currency translated at the exchange rate at the end of the reporting period. Non-monetary items
that are measured in terms of historical cost in a foreign currency are translated using the exchange
rate at the date of the transaction.

For purposes of consolidation, the assets and liabilities of Powerex, whose functional currency is the
U.S. dollar, are translated to Canadian dollars using the rate of exchange in effect at the reporting date.
Revenue and expenses of Powerex are translated to Canadian dollars at exchange rates at the date of
the transactions. Foreign currency differences resulting from translation of the accounts of Powerex are
recognized directly in other comprehensive income and are accumulated in the cumulative translation
reserve. Foreign exchange gains or losses arising from a monetary item receivable from or payable to
Powerex, the settlement of which is neither planned nor likely in the foreseeable future and which in
substance is considered to form part of a net investment in Powerex by BC Hydro, are recognized
directly in other comprehensive income in the cumulative translation reserve.

(e) Property, Plant and Equipment


(i) Recognition and Measurement
Property, plant and equipment in service are measured at cost less accumulated depreciation and
accumulated impairment losses.

Cost includes expenditures that are directly attributable to the acquisition of the asset. The cost of
self-constructed assets includes the cost of materials, direct labour and any other costs directly
attributable to bringing the asset into service. The cost of dismantling and removing an item of
property, plant and equipment and restoring the site on which it is located is estimated and
capitalized only when, and to the extent that, the Company has a legal or constructive obligation to
dismantle and remove such asset. Property, plant and equipment in service include the cost of plant
and equipment financed by contributions in aid of construction. Borrowing costs that are directly
attributable to the acquisition or construction of a qualifying asset are capitalized as part of the cost
of the qualifying asset. Upon retirement or disposal, any gain or loss is recognized in the statement
of comprehensive income.

Unfinished construction consists of the cost of property, plant and equipment that is under
construction or not ready for service. Costs are transferred to property, plant and equipment in
service when the constructed asset is capable of operation in a manner intended by management.

(ii) Subsequent Costs


The cost of replacing a component of an item of property, plant and equipment is recognized in the
carrying amount of the item if it is probable that the future economic benefits embodied within the
component will flow to the Company, and its cost can be measured reliably. The carrying amount
of the replaced component is derecognized. The costs of property, plant and equipment
maintenance are recognized in the statement of comprehensive income as incurred.

17
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

(iii) Depreciation
Property, plant and equipment in service are depreciated over the expected useful lives of the
assets, using the straight-line method. When major components of an item of property, plant and
equipment have different useful lives, they are accounted for as separate items of property, plant
and equipment.

The expected useful lives, in years, of the Company’s main classes of property, plant and
equipment are:

Generation 15 – 100
Transmission 20 – 75
Distribution 20 – 60
Buildings 5 – 65
Equipment & Other 3 – 35

The expected useful lives and residual values of items of property, plant and equipment are
reviewed annually.

Depreciation of an item of property, plant and equipment commences when the asset is available
for use and ceases at the earlier of the date the asset is classified as held for sale and the date the
asset is derecognized.

(f) Intangible Assets


Intangible assets are recorded at cost less accumulated amortization and accumulated impairment
losses. Land rights associated with statutory rights of way acquired from the Province that have
indefinite useful lives and are not subject to amortization. Intangible assets with finite useful lives are
amortized over their expected useful lives on a straight line basis. These assets are tested for
impairment annually or more frequently if events or changes in circumstances indicate that the asset
value may not be fully recoverable.

The expected useful life for software is 2 to 10 years. Amortization of intangible assets commences
when the asset is available for use and ceases at the earlier of the date that the asset is classified as
held for sale and the date that the asset is derecognized.

(g) Asset Impairment


(i) Financial Assets
Financial assets, other than those measured at fair value (note 3(k)), are assessed at each reporting
date to determine whether there is impairment. The Company accounts for impairment of financial
assets based on a forward-looking expected credit loss model under IFRS 9, Financial Instruments.
The expected-loss impairment model requires an entity to recognize the expected credit losses
(ECL) when financial instruments are initially recognized and to update the amount of ECL
recognized at each reporting date to reflect changes in the credit risk of the financial instruments.
ECL’s are measured as the difference in the present value of the contractual cash flows due to the
Company under the contract and the cash flows that Company expects to receive.

18
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

For accounts receivable without a significant financing component, the Company applies the
simplified approach for determining expected credit losses, which requires the Company to
determine the lifetime expected losses for all accounts receivable and accrued revenue. For a non-
current receivable with a significant financing component, the Company measures the expected
credit loss at an amount equal to the 12-month expected credit loss at initial recognition. If the
credit risk has increased significantly since initial recognition, the Company measures the expected
credit loss at an amount equal to the lifetime expected credit loss. The expected lifetime credit loss
provision and 12-month expected credit loss is based on historical counterparty default rates, third
party default probabilities and credit ratings, and is adjusted for relevant forward looking
information specific to the counterparty, when required. Impairment of cash and cash equivalent
and restricted cash is evaluated by reference to the credit quality of the underlying financial
institution.

(ii) Non-Financial Assets


The carrying amounts of the Company’s non-financial assets are reviewed at each reporting date to
determine whether there is any indication of impairment. If any such indication exists, then the
asset’s recoverable amount is estimated. For intangible assets that have indefinite useful lives or
that are not yet available for use, the recoverable amount is estimated annually.

For the purpose of impairment testing, assets that cannot be tested individually are grouped together
into the smallest group of identifiable assets that generates cash inflows from continuing use that
are largely independent of the cash inflows of other assets or groups of assets (the cash-generating
unit, or CGU). The recoverable amount of an asset or CGU is the greater of its value in use and its
fair value less costs to sell. In assessing value in use, the estimated future cash flows are discounted
to their present value using a pre-tax discount rate that reflects current market assessments of the
time value of money and the risks specific to the asset. All of BC Hydro’s assets form one CGU for
the purposes of testing for impairment.

An impairment loss is recognized if the carrying amount of an asset or CGU exceeds its estimated
recoverable amount. Impairment losses are recognized in net income. Impairment losses recognized
in respect of a CGU are allocated to reduce the carrying amounts of the assets in the CGU on a pro-
rata basis.

Impairment losses recognized in prior periods are assessed at the reporting date for any indications
that the loss has decreased or no longer exists. Impairment reversals are recognized immediately in
net income when the recoverable amount of an asset increases above the impaired net book value,
not to exceed the carrying amount that would have been determined (net of depreciation) had no
impairment loss been recognized for the asset in prior years.

(h) Cash and Cash Equivalents


Cash and cash equivalents include unrestricted cash and units of a money market fund (short-term
investments) that are redeemable on demand and are carried at amortized cost and fair value,
respectively.

19
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

(i) Restricted Cash


Restricted cash includes cash balances which the Company does not have immediate access to as they
have been pledged to counterparties as security for investments or trade obligations. These balances
are available to the Company only upon settlement of the underlying trade obligations.

(j) Inventories
Inventories are comprised primarily of natural gas, materials and supplies and environmental products
that include certain carbon products. Natural gas and certain carbon product inventory is valued at fair
value less costs to sell and is included in Level 2 of the fair value hierarchy (refer to Note 10).

Materials and supplies and other environmental products inventories are valued at the lower of cost
determined on a weighted average basis and net realizable value. The cost of materials and supplies
comprises all costs of purchase, costs of conversion and other directly attributable costs incurred in
bringing the inventories to their present location and condition. Net realizable value is the estimated
selling price in the ordinary course of business, less the estimated selling expenses.

(k) Financial Instruments


(i) Financial Instruments – Recognition and Measurement
All financial instruments are measured at fair value on initial recognition of the instrument, except
for certain related party transactions. Measurement in subsequent periods depends on which of the
following categories the financial instrument has been classified as: fair value through profit or loss
(FVTPL), and those measured at amortized cost. The Company may designate financial instruments
as held at FVTPL when such financial instruments have a reliably determinable fair value and
where doing so eliminates or significantly reduces a measurement or recognition inconsistency that
would otherwise arise from measuring assets and liabilities or recognizing gains and losses on them
on a different basis. All derivative instruments are categorized as FVTPL unless they are designated
as accounting hedges.

Transaction costs are expensed as incurred for financial instruments classified or designated as fair
value through profit or loss. For other financial instruments, transaction costs are included in the
carrying amount. All regular-way purchases or sales of financial assets are accounted for on a
settlement date basis.

Financial assets and financial liabilities classified as FVTPL are subsequently measured at fair
value with changes in those fair values recognized in net income in the period of change. Financial
assets and liabilities are measured at amortized cost if the business model is to hold the instrument
for collection or payment of contractual cash flows and those cash flows are solely principal and
interest. If the business model is not to hold the instruments, it is classified as FVTPL. After initial
recognition they are measured at amortized cost using the effective interest method less any
impairment losses in the impairment of financial assets.

20
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

(ii) Classification and Measurement of Financial Instruments

Short-term investments FVTPL


Derivatives not in a hedging relationship FVTPL
Cash Amortized cost
Restricted cash Amortized cost
Accounts receivable and other receivable Amortized cost
US dollar sinking funds Amortized cost
Accounts payable and accrued liabilities Amortized cost
Revolving borrowings Amortized cost
Long-term debt Amortized cost
Lease liabilities Amortized cost
First Nation liabilities and Other liabilities presented in
Other long-term liabilities Amortized cost

(iii) Fair Value


The fair value of financial instruments reflects changes in the level of commodity market prices,
interest rates, foreign exchange rates and credit risk. Fair value is the amount of consideration that
would be agreed upon in an arm’s length transaction between knowledgeable willing parties who
are under no compulsion to act.

Fair value amounts reflect management’s best estimates considering various factors including
closing exchange or over-the-counter quotations, estimates of future prices and foreign exchange
rates, time value of money, counterparty and own credit risk, and volatility. The assumptions used
in establishing fair value amounts could differ from actual prices and the impact of such variations
could be material. In certain circumstances, valuation inputs are used that are not based on
observable market data but based on internally developed valuation models which are based on
models and techniques generally recognized as standard within the energy industry.

(iv) Inception Gains and Losses


In some instances, a difference may arise between the fair value of a financial instrument at initial
recognition, as defined by its transaction price, and the fair value calculated by a valuation
technique or model (inception gain or loss). In addition, the Company’s inception gain or loss on a
contract may arise as a result of embedded derivatives which are recorded at fair value, with the
remainder of the contract recorded on an accrual basis. In these circumstances, the unrealized
inception gain or loss is deferred and amortized into income over the full term of the underlying
financial instrument. Additional information on deferred inception gains and losses is disclosed in
Note 23.

(v) Derivative Financial Instruments


The Company may use derivative financial instruments to manage interest rate and foreign
exchange risks related to debt and to manage risks related to electricity and natural gas commodity
transactions.

21
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

Interest rate and foreign exchange related derivative instruments that are not designated as hedges,
are classified as FVTPL whereby instruments are recorded at fair value as either an asset or liability
with changes in fair value recognized in net income in the period of change. For debt management
activities, the related gains or losses are included in finance charges. The Company’s policy is to
not utilize interest rate and foreign exchange related derivative financial instruments for speculative
purposes.

Commodity derivative financial instruments are used to manage economic exposure to market risks
relating to commodity prices. Commodity derivatives that are not designated as hedges are
classified as FVTPL whereby instruments are recorded at fair value as either an asset or liability
with changes in fair value recognized in net income. Gains or losses are included in trade revenues.

(vi) Hedges
In a fair value hedging relationship, the carrying value of the hedged item is adjusted for unrealized
gains or losses attributable to the hedged risk and recognized in net income. Changes in the fair
value of the hedged item attributed to the hedged risk, to the extent that the hedging relationship is
effective, are offset by changes in the fair value of the hedging derivative, which is also recorded in
net income. When hedge accounting is discontinued, the carrying value of the hedged item is no
longer adjusted and the cumulative fair value adjustments to the carrying value of the hedged item
are amortized to net income over the remaining term of the original hedging relationship, using the
effective interest method of amortization.

In a cash flow hedging relationship, the effective portion of the change in the fair value of the
hedging derivative is recognized in other comprehensive income. The ineffective portion is
recognized in net income. The amounts recognized in accumulated other comprehensive income are
reclassified to net income in the periods in which net income is affected by the variability in the
cash flows of the hedged item. When hedge accounting is discontinued the cumulative gain or loss
previously recognized in accumulated other comprehensive income remains there until the
forecasted transaction occurs. When the hedged item is a non-financial asset or liability, the amount
recognized in accumulated other comprehensive income is transferred to the carrying amount of the
asset or liability when it is recognized. In other cases, the amount recognized in accumulated other
comprehensive income is transferred to net income in the same period that the hedged item affects
net income.

Hedge accounting is discontinued prospectively when the derivative no longer qualifies as an


effective hedge, the hedging relationship is discontinued, or the derivative is terminated or sold, or
upon the sale or early termination of the hedged item.

(l) Investments Held in Sinking Funds


Investments held in sinking funds are held as individual portfolios and are classified as amortized cost.
Securities included in an individual portfolio are recorded at cost, adjusted by amortization of any
discounts or premiums arising on purchase, on a yield basis over the estimated term to settlement of
the security. Realized gains and losses are included in finance charges.

22
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

(m) Unearned Revenues


Unearned revenues consist principally of amounts received under the agreement relating to the Skagit
River, Ross Lake and the Seven Mile Reservoir on the Pend d’Oreille River (collectively the Skagit
River Agreement) and other amounts received from customers for performance obligations which
have not been performed.

Under the Skagit River Agreement, the Company has committed to deliver a predetermined amount of
electricity each year to the City of Seattle for an 80 year period ending in fiscal 2066 in return for
annual payments of approximately US$22 million for a 35 year period ending in 2021 and
US$100,000 (adjusted for inflation) for the remaining 45 year period ending in 2066. The amounts
received under the agreement are deferred and included in income on an annuity basis over the
electricity delivery period ending in fiscal 2066. As a result of the upfront consideration received
under the Skagit River Agreement, in determining the transaction price, the promised amount of
consideration is adjusted for the effects of the time value of money (i.e., significant financing
component). The application of the significant financing component requirement results in the
recognition of interest expense over the financing period and a higher amount of revenue.

(n) Government Grants


The Company recognizes government grants when there is reasonable assurance that any conditions
attached to the grant will be met and the grant will be received. Government grants related to assets
are deducted from the carrying amount of the related asset and recognized in profit or loss over the life
of the related asset. Grants that compensate the Company for expenses incurred are recognized in
profit or loss as an offset against the originating expense in the same period in which the expenses are
recognized. Non-monetary grants are recognized on the cost basis at a nominal amount.

(o) Contributions in Aid of Construction


Contributions in aid of construction are amounts paid by certain customers toward the cost of property,
plant and equipment required for the extension of services to supply electricity. These amounts are
recognized into revenue over the term of the agreement with the customer, or over the expected useful
life of the related assets when the associated contracts do not have a finite period over which service is
provided.

(p) Post-Employment Benefits


The cost of pensions and other post-employment benefits earned by employees is actuarially
determined using the projected accrued benefit method prorated on service and management’s best
estimate of mortality, salary escalation, retirement ages of employees and expected health care costs.
The net interest for the period is determined by applying the same market discount rate used to
measure the defined benefit obligation at the beginning of the annual period to the net defined benefit
asset or liability at the beginning of the annual period, taking into account any changes in the net
defined benefit asset or liability during the period as a result of current service costs, contributions and
benefit payments. The market discount rate is determined based on the market interest rate at the end
of the year on high-quality corporate debt instruments that match the timing and amount of expected
benefit payments.

23
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

Past service costs arising from plan amendments and curtailments are recognized in net income
immediately. A plan curtailment will result if the Company has demonstrably committed to a
significant reduction in the expected future service of active employees or a significant element of
future service by active employees no longer qualifies for benefits. A curtailment is recognized when
the event giving rise to the curtailment occurs.

The net interest costs on the net defined benefit plan liabilities arising from the passage of time are
included in finance charges. The Company recognizes actuarial gains and losses immediately in other
comprehensive income.

(q) Provisions
A provision is recognized if the Company has a present legal or constructive obligation as a result of a
past event, it is probable that an outflow of economic benefits will be required to settle the obligation
and a reliable estimate of the obligation can be determined. For obligations of a long-term nature,
provisions are measured at their present value by discounting the expected future cash flows at a pre-
tax rate that reflects current market assessments of the time value of money and the risks specific to the
liability except in cases where future cash flows have been adjusted for risk.

Decommissioning Obligations
Decommissioning obligations are legal and constructive obligations associated with the retirement of
long-lived assets. A liability is recorded at the present value of the estimated future costs based on
management’s best estimate. When a liability is initially recorded, the Company capitalizes the costs
by increasing the carrying value of the asset. The increase in net present value of the provision for the
expected cost is included in finance costs as accretion (interest) expense. Adjustments to the provision
made for changes in timing, amount of cash flow and discount rates are capitalized and amortized over
the useful life of the associated asset. Actual costs incurred upon settlement of a decommissioning
obligation are charged against the related liability. Any difference between the actual costs incurred
upon settlement of the decommissioning obligation and the recorded liability is recognized in net
income at that time.

Environmental Expenditures and Liabilities


Environmental expenditures are expensed as part of operating activities, unless they constitute an asset
improvement or act to mitigate or prevent possible future contamination, in which case the
expenditures are capitalized and amortized to income. Environmental liabilities arising from a past
event are accrued when it is probable that a present legal or constructive obligation will require the
Company to incur environmental expenditures.

Legal
The Company recognizes legal claims as a provision when it is probable that there will be a future
outflow of resources required to settle the claim against the Company and the amount of the settlement
can be reasonably measured. Management obtains the advice of its external counsel in determining the
likely outcome and estimating the expected costs associated with legal claims. Further information
regarding lawsuits in progress is disclosed in Note 25.

24
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

(r) Leases
At inception of a contract, the Company assesses whether a contract is, or contains, a lease. A contract
is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a
period of time in exchange for consideration. To assess whether a contract conveys the right to control
the use of an identified asset, the Company assesses whether the contract involves the use of an
identified asset, whether the Company has the right to obtain substantially all of the economic benefits
from use of the asset throughout the period of use, and has the right to direct the use of the asset. At
inception or on reassessment of a contract that contains a lease component, consideration is allocated
to each lease component within the contract on the basis of its relative stand-alone prices.

As a lessee, the Company recognizes a right-of-use asset and a lease liability at the lease
commencement date. The right-of-use asset is initially measured at cost, which comprises the initial
amount of the lease liability adjusted for any lease payments made at or before the commencement
date, plus any decommissioning and restoration costs, less any lease incentives received.

The right-of-use asset is subsequently depreciated from the commencement date to the earlier of the
end of the lease term, or the end of the useful life of the asset. In addition, the right-of-use asset may be
reduced due to impairment losses, if any, and adjusted for re-measurements of the lease liability.

The lease liability is initially measured at the present value of the lease payments that are not paid at
the commencement date, discounted using the interest rate implicit in the lease or, if that rate cannot be
readily determined, the incremental borrowing rate.

Lease payments included in the measurement of the lease liability are comprised of:
i) Fixed payments, including in-substance fixed payments, less any lease incentives
receivable;

ii) Variable lease payments that depend on an index or a rate, initially measured using the
index or rate as at the commencement date;

iii) Amounts expected to be payable under a residual value guarantee;

iv) Exercise prices of purchase options if reasonably certain the option will be exercised; and

v) Payments of penalties for terminating the lease, if the lease term reflects the lessee
exercising an option to terminate the lease.

The lease liability is measured at amortized cost using the effective interest method. It is re-measured
when there is a change in future lease payments arising from a change in an index or rate, if there is a
change in the Company’s estimate or assessment of the amount expected to be payable under a
residual value guarantee, purchase, extension or termination option.

When the lease liability is re-measured, a corresponding adjustment is made to the carrying amount of
the right-of-use asset, or is recorded in profit or loss if the carrying amount of the right-of-use asset has
been reduced to zero.

25
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

Variable lease payments not included in the initial measurement of the lease liability are charged
directly to the consolidated statement of comprehensive income as an expense.

The Company elected to use the following practical expedients under IFRS 16:

(i) The Company has elected not to separate non-lease components and account for the lease
and non-lease components as a single lease component for leases pertaining to generating
assets (including long-term energy purchase agreements).

(ii) The Company has elected not to recognize right-of-use assets and lease liabilities for short-
term leases that have a lease term of 12 months or less and leases of low-value assets.

(s) Taxes
The Company is a Crown corporation and therefore no Canadian provincial or federal income tax is
payable. However, the Company pays provincial and local government taxes and grants in lieu of
property taxes to municipalities, regional districts, and rural area jurisdictions. In addition, Powerex, a
subsidiary of BC Hydro, pays taxes relating to trading activity in the United States.

(t) New Standards and Amendments Not Yet Adopted


A number of amendments to standards and interpretations, are not yet effective for the year ended
March 31, 2023, and have not been applied in preparing these consolidated financial statements. The
following new and amended standards become effective for the Company’s annual periods beginning
on or after the dates noted below:

 Three Amendments to IAS 1, Presentation of Financial Statements (effective April 1, 2023 and
April 1, 2024)
 Amendments to IAS 8, Accounting Policies, Changes in Accounting Estimates and Errors
(effective April 1, 2023)
 Amendments to IFRS 16, Leases (effective April 1, 2024)
 IFRS 17, Insurance Contracts (effective April 1, 2023)

The Company does not expect the adoption of the new or amended standards to have a material impact
on the consolidated financial statements.

Note 4: Revenues
Disaggregated Revenue
The Company disaggregates revenue by revenue types and customer class, which are considered to be the
most relevant revenue information for management to consider in allocating resources and evaluating
performance.

26
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

(in millions) 2023 2022


Domestic
Residential $ 2,146 $ 2,342
Light industrial and commercial 1,840 1,952
Large industrial 848 854
Other sales 470 471
Total Domestic 5,304 5,619
1
Total Trade 2,723 1,972
Total Revenue $ 8,027 $ 7,591
1
Includes revenue recognized under IFRS 9, Financial Instruments (2023 - $942M ; 2022 - $811M).

Contract Balances
The Company does not have any contract assets which constitute consideration receivable from a customer
that is conditional on the Company’s future performance. The current and non-current receivable balances
from customers as at March 31, 2023 was $834 million (2022 - $757 million).

Contract liabilities represent payments received for performance obligations which have not been fulfilled.

The following table reconciles the items included in the contract liabilities balance:

March 31, March 31,


(in millions) 2023 2022
Unearned revenues (Note 20) $ 325 $ 322
Contributions in aid (Note 20) 2,398 2,196
Customer deposits 67 22
$ 2,790 $ 2,540

27
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

The following table reconciles the changes in the contract liabilities balances during the years ended March
31, 2023 and 2022:

Contract
(in millions) Liabilities
Balance at April 1, 2021 $ 2,363

Revenue recognized that was included in the contract


liability balance at the beginning of the period (130)
Increases due to cash received, excluding amounts
recognized as revenue during the period 278
1
Other 29
Balance at March 31, 2022 2,540

Revenue recognized that was included in the contract


liability balance at the beginning of the period (136)
Increases due to cash received, excluding amounts
recognized as revenue during the period 372
1
Other 14
Balance at March 31, 2023 $ 2,790
1
Other includes finance charges and foreign exchange adjustments

Remaining Performance Obligations


The following table includes revenue expected to be recognized in the future related to the performance
obligations that are unsatisfied (or partially unsatisfied) as at March 31, 2023.

Less than 1 Between 1 More than 5


(in millions) year and 5 years years Total

Energy sales $ 130 $ 156 $ 6 $ 292


Contributions in aid 64 261 2,073 2,398
Skagit River Agreement 30 119 1,128 1,277
Other 52 105 37 194
$ 276 $ 641 $ 3,244 $ 4,161

The Company elected to use the performance obligation practical expedients whereby the performance
obligation is not disclosed for the following:

28
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

(i) Where the Company has a right to consideration from a customer in an amount that corresponds
directly with the value to the customer of the Company’s performance to date, revenue is
recognized in the amount to which the Company has a right to invoice, or

(ii) Where the remaining performance obligations have an original expected duration of one year or
less.

Note 5: Operating Expenses


(in millions) 2023 2022
Electricity and gas purchases $ 2,442 $ 2,388
Water rentals 358 346
Transmission charges 323 268
Personnel expenses 762 736
Materials and external services 757 672
Amortization and depreciation (Note 7) 1,052 1,079
Grants and taxes 296 286
Other costs, net of recoveries 105 97
Capitalized costs (86) (78)
$ 6,009 $ 5,794

Note 6: Finance Charges


(in millions) 2023 2022
Interest on long-term debt $ 874 $ 786
Interest on lease liabilities 46 45
Interest on defined benefit plan obligations (Note 22) 43 56
Mark-to-market gains on derivative financial instruments (Note 23) (201) (150)
Other 83 43
Capitalized interest (349) (259)
$ 496 $ 521

The capitalization rate used to determine the amount of borrowing costs eligible for capitalization was 3.3
per cent (2022 - 3.1 per cent).

29
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

Note 7: Amortization and Depreciation

(in millions) 2023 2022


Depreciation of property, plant and equipment (Note 11) $ 888 $ 893
Depreciation of right-of-use assets (Note 12) 82 96
Amortization of intangible assets (Note 13) 82 90
$ 1,052 $ 1,079

Note 8: Cash and Cash Equivalents


March 31, March 31,
(in millions) 2023 2022
Cash $ 78 $ 27
Short-term investments 70 72
$ 148 $ 99

Note 9: Accounts Receivable and Accrued Revenue


March 31, March 31,
(in millions) 2023 2022
Accounts receivable $ 521 $ 451
Accrued revenue 251 261
Other 122 90
$ 894 $ 802

Accrued revenue represents revenue for electricity delivered and not yet billed.

30
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

Note 10: Inventories


March 31, March 31,
(in millions) 2023 2022
Materials and supplies and Environmental Products $ 208 $ 188
Natural Gas and Certain Carbon products 179 76
$ 387 $ 264

There were no materials, supplies, and environmental products inventory impairments during the years
ended March 31, 2023 and 2022. Natural gas and certain carbon products inventory held for trading are
measured at fair value less costs to sell and therefore, not subject to impairment testing.

Inventories recognized as an expense during the year amounted to $139 million (2022 - $116 million).

Note 11: Property, Plant, and Equipment


Land & Equipment & Unfinished
(in millions) Generation Transmission Distribution Builidings Other Construction Total
Cost
Balance at April 1, 2021 $ 9,784 $ 8,108 $ 6,941 $ 850 $ 979 $ 8,098 $ 34,760
Net additions 293 434 517 33 68 2,034 3,379
Disposals and retirements (25) (13) (40) (1) (35) - (114)
Impairments - - - - (12) (57) (69)
Balance at March 31, 2022 10,052 8,529 7,418 882 1,000 10,075 37,956
Net additions 292 303 585 37 88 2,534 3,839
Disposals and retirements (12) (27) (44) (6) (47) (4) (140)
Balance at March 31, 2023 $ 10,332 $ 8,805 $ 7,959 $ 913 $ 1,041 $ 12,605 $ 41,655
Accumulated Depreciation
Balance at April 1, 2021 $ (955) $ (902) $ (803) $ (111) $ (312) $ - $ (3,083)
Depreciation expense (268) (257) (231) (27) (110) - (893)
Disposals and retirements 11 6 10 - 29 - 56
Impairments - - - - 2 - 2
Balance at March 31, 2022 (1,212) (1,153) (1,024) (138) (391) - (3,918)
Depreciation expense (272) (247) (245) (28) (96) - (888)
Disposals and retirements 7 17 15 - 38 - 77
Balance at March 31, 2023 $ (1,477) $ (1,383) $ (1,254) $ (166) $ (449) $ - $ (4,729)

Net carrying amounts


At March 31, 2022 $ 8,840 $ 7,376 $ 6,394 $ 744 $ 609 $ 10,075 $ 34,038
At March 31, 2023 $ 8,855 $ 7,422 $ 6,705 $ 747 $ 592 $ 12,605 $ 36,926

(i) Included within Distribution assets are the Company’s portion of utility poles with a net book value
of $1.24 billion (2022 - $1.21 billion) that are jointly owned with a third party. Depreciation
expense on jointly owned utility poles for the year ended March 31, 2023 was $34 million (2022 -
$33 million).

(ii) The Company received government grants arising from the Columbia River Treaty related to three
dams built by the Company in the mid-1960s to regulate the flow of the Columbia River. The
grants were made to assist in financing the construction of the dams. The grants were deducted

31
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

from the carrying amount of the related dams. In addition, the Company received, in the current
year and prior years, government grants for the construction of transmission lines and electric
vehicle infrastructure and has deducted the grants received from the cost of the asset. BC Hydro
received government grants of $4 million during the year ended March 31, 2023 (2022 - $7
million).

(iii)The Company has contractual commitments to spend $1.79 billion on major property, plant and
equipment projects (on individual projects greater than $20 million) as at March 31, 2023.

(iv) The Company recognized impairments, mainly to unfinished construction assets, as a result of
events that have caused the construction of the asset to no longer be viable.

Note 12: Right-of-Use Assets

Long-term
energy purchase Equipment/
(in millions) agreements Property Other Total
Cost
Balance at April 1, 2021 $ 1,984 $ 58 $ 7 $ 2,049
Net additions 29 - - 29
Disposals and retirements - - (3) (3)
Balance at March 31, 2022 2,013 58 4 2,075
Net additions 123 17 - 140
Disposals and retirements - (1) - (1)
Balance at March 31, 2023 $ 2,136 $ 74 $ 4 $ 2,214

Accumulated Depreciation
Balance at April 1, 2021 $ (703) $ (25) $ (4) $ (732)
Depreciation expense (91) (5) - (96)
Disposals and retirements - 1 - 1
Balance at March 31, 2022 (794) (29) (4) (827)
Depreciation expense (78) (4) - (82)
Disposals and retirements - - - -
Balance at March 31, 2023 $ (872) $ (33) $ (4) $ (909)

Net carrying amounts


At March 31, 2022 $ 1,219 $ 29 $ - $ 1,248
At March 31, 2023 $ 1,264 $ 41 $ - $ 1,305

Refer to Note 19 for additional information on right-of-use assets and lease liabilities.

32
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

Note 13: Intangible Assets


Internally
Land Developed Purchased Work in
(in millions) Rights Software Software Progress Total
Cost
Balance at April 1, 2021 $ 320 $ 145 $ 475 $ 37 $ 977
Net additions 9 8 60 15 92
Disposals and retirements - - - - -
Balance at March 31, 2022 329 153 535 52 1,069
Net additions 8 10 44 21 83
Disposals and retirements - - (6) - (6)
Balance at March 31, 2023 $ 337 $ 163 $ 573 $ 73 $ 1,146
Accumulated Amortization
Balance at April 1, 2021 $ (3) $ (84) $ (253) $ - $ (340)
Amortization expense (1) (19) (70) - (90)
Disposals and retirements - - 1 - 1
Balance at March 31, 2022 (4) (103) (322) - (429)
Amortization expense (1) (16) (65) - (82)
Disposals and retirements - - 4 - 4
Balance at March 31, 2023 $ (5) $ (119) $ (383) $ - $ (507)

Net carrying amounts


At March 31, 2022 $ 325 $ 50 $ 213 $ 52 $ 640
At March 31, 2023 $ 332 $ 44 $ 190 $ 73 $ 639

Land rights consist primarily of statutory rights of way acquired from the Province in perpetuity.
Substantially all of these land rights have indefinite useful lives and are not subject to amortization. These
land rights are tested for impairment annually or more frequently if events or changes in circumstances
indicate that the asset value may not be recoverable.

33
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

Note 14: Other Non-Current Assets


March 31, March 31,
(in millions) 2023 2022
Non-current receivables $ 134 $ 134
Sinking funds 237 210
Non-current Site C prepaid expenses 159 184
Other 12 12
$ 542 $ 540

Non-Current Receivables
Included in the non-current receivables balance are $116 million of receivables (2022 - $119 million)
attributable to other contributions receivable from a vendor to aid in the construction of a transmission
system. The contributions are to be received in 16 annual payments of approximately $11 million, adjusted
for inflation. The fair value of the receivable was initially measured using an estimated inflation rate and a
4.6 per cent discount rate.

Sinking Funds
Investments held in sinking funds are held by the Trustee (the Minister of Finance for the Province) for the
redemption of long-term debt. The sinking fund balances include the following investments:

March 31, March 31,


(in millions) 2023 2022
Weighted Weighted
Carrying Average Carrying Average
1 1
Value Effective Rate Value Effective Rate
Province of BC bonds $ 141 4.1 % $ 127 2.9 %
Other provincial government and crown corporation bonds 93 4.4 % 80 2.9 %
Other 3 - 3 -
$ 237 $ 210
1
Rate calculated on market yield to maturity.

Effective December 2005, all sinking fund payment requirements on all new and outstanding debt were
removed. The existing sinking funds relate to debt that mature in fiscal 2026 and fiscal 2037.

34
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

Note 15: Rate Regulation


Regulatory Accounts
The Company has established various regulatory accounts through rate regulation and with the approval of
the BCUC. In the absence of rate regulation, these amounts would be reflected in total comprehensive
income. The net movement in regulatory balances related to total comprehensive income is as follows:

(in millions) 2023 2022


Net decrease in regulatory balances related to net income $ (1,162) $ (608)
Net decrease in regulatory balances related to OCI (282) (758)
$ (1,444) $ (1,366)

For each regulatory account, the amount reflected in the Net Change column in the following regulatory
tables represents the impact on comprehensive income for the applicable year. Under rate regulated
accounting, a net decrease in a regulatory asset or a net increase in a regulatory liability results in a
decrease to comprehensive income.
Remaining
As at As at recovery/
April 1 Addition / Net March 31 reversal period
A B
(in millions) 2022 (Reduction) Interest Amortization Change 2023 (years)
Regulatory Assets
Heritage Deferral $ 105 $ (96) $ 2 $ (11) $ (105) $ - Note C
Load Variance 33 (32) - (1) (33) - Note C
Demand-Side Management 868 101 - (111) (10) 858 1-15
Debt Management 286 (201) - (18) (219) 67 5-34
First Nations Provisions & Costs 469 49 1 (34) 16 485 1-9 Note G
Site C 542 6 18 - 24 566 Note E
CIA Amortization 68 (5) - - (5) 63 17
Environmental Provisions & Costs 234 15 (1) (32) (18) 216 Note F, G
Smart Metering & Infrastructure 151 - 5 (26) (21) 130 6
IFRS Pension 382 - - (38) (38) 344 9
IFRS Property, Plant & Equipment 1,039 - - (32) (32) 1,007 29-38
Other Regulatory Accounts 213 39 4 (46) (3) 210 1-20, Note F, H
Total Regulatory Assets 4,390 (124) 29 (349) (444) 3,946
Regulatory Liabilities
Heritage Deferral - 25 - 7 32 32 Note C
Non-Heritage Deferral 185 (51) 8 (32) (75) 110 Note C
Trade Income Deferral 504 747 26 (87) 686 1,190 Note D
Biomass Energy Program 40 40 2 (7) 35 75 Note C
Inflationary Pressures - 57 1 - 58 58 Note I
Load Variance - 28 - 5 33 33 Note C
Non-Current Pension Costs 669 155 - 30 185 854 4-13
Other Regulatory Accounts 81 62 3 (19) 46 127 Note C, F
Total Regulatory Liabilities 1,479 1,063 40 (103) 1,000 2,479
Net Regulatory Asset $ 2,911 $ (1,187) $ (11) $ (246) $ (1,444) $ 1,467

35
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

Remaining
As at As at recovery/
April 1 Addition / Net March 31 reversal period
A B
(in millions) 2021 (Reduction) Interest Amortization Change 2022 (years)
Regulatory Assets
Heritage Deferral $ 65 $ 38 $ 2 $ - $ 40 $ 105 Note C
Load Variance 110 (79) 2 - (77) 33 Note C
Demand-Side Management 881 94 - (107) (13) 868 1-15
Debt Management 449 (153) - (10) (163) 286 6-34
First Nations Provisions & Costs 486 15 2 (34) (17) 469 2-9 Note G
Total Finance Charges - 8 - 31 39 39 Note F
Non-Current Pension Costs 114 (66) - (48) (114) - 5-13
Site C 523 3 16 - 19 542 Note E
CIA Amortization 73 (5) - - (5) 68 18
Environmental Provisions & Costs 294 (1) (1) (58) (60) 234 Note F, G
Smart Metering & Infrastructure 173 - 5 (27) (22) 151 7
IFRS Pension 421 - - (39) (39) 382 10
IFRS Property, Plant & Equipment 1,070 - - (31) (31) 1,039 30-39
Other Regulatory Accounts 116 62 4 (8) 58 174 3-7, Note H
Total Regulatory Assets 4,775 (84) 30 (331) (385) 4,390
Regulatory Liabilities
Non-Heritage Deferral 153 28 4 - 32 185 Note C
Trade Income Deferral 227 264 13 - 277 504 Note D
Biomass 14 25 1 - 26 40 Note C
Non-Current Pension Costs - 602 - 67 669 669 5-13
Other Regulatory Accounts 104 45 - (68) (23) 81 3-6, Note C, F
Total Regulatory Liabilities 498 964 18 (1) 981 1,479
Net Regulatory Asset $ 4,277 $ (1,048) $ 12 $ (330) $ (1,366) $ 2,911
A
As permitted, interest charges were accrued to certain regulatory balances at a rate of 3.3 per cent for the year ended March 31,
2023 (2022 – 3.1 per cent).

B
Net Change includes a net decrease to net income of $1.16 billion (2022 – $608 million) and a net decrease to other
comprehensive income of $282 million (2022 – $758 million).

C
The balances in these regulatory accounts are recovered in rates through the Deferral Account Rate Rider (DARR), which is an
additional charge on customer bills and generally has a recovery period of 4 to 6 years. In its preliminary decision (Decision) on
the Fiscal 2023 to Fiscal 2025 Revenue Requirements Application, the BCUC approved the requested DARR refund of 2.0 per
cent (2022 – 0 percent) for fiscal 2023 on an interim basis effective April 1, 2022 and 1.0 per cent for fiscal 2024 on interim
basis. Commencing in fiscal 2025, the BCUC directed BC Hydro to file for approval of the DARR annually in a filing separate
from the RRA to recover all these balances.

D
The Trade Income Deferral Account balance will be recovered through the DARR in fiscal 2023 and fiscal 2024 as described
in footnote C above. Commencing in fiscal 2025, the balance will be recovered over a three year period, through the Trade
Income Rate Rider (TIRR), which is a separate additional charge or refund on customer bills. The BCUC directed BC Hydro to
file for approval of the TIRR annually in a filing separate from the Revenue Requirements Application.

E
In its Decision on the Fiscal 2023 to Fiscal 2025 Revenue Requirements Application, the BCUC approved the recovery of the
balance in this account over the forecasted weighted average expected useful life of the Site C assets, currently estimated at 84
years, commencing in fiscal 2025.

36
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

F
The balances forecast to be in these accounts at the end of a test period are recovered over the next test period. A test period
refers to the period covered by a revenue requirements application filing.

G
The First Nations Provisions & Costs and Environmental Provisions & Costs regulatory accounts include both expenditures
and provisions (costs to be incurred in future years). Actual expenditures are recovered over the term identified. The provision
balance becomes recoverable at such time as actual expenditures are incurred and transferred to the respective regulatory cost
account.

H
The balance includes an account that is expected to self-clear based on forecast net gains from real property sales experienced
over fiscal 2020 to fiscal 2024, resulting in a forecast zero balance by the end of fiscal 2024, subject to potential interest charges.
I
The recovery period for this account will be determined by the BCUC as part of a future regulatory proceeding.

Rate Regulation
On November 18, 2022, BC Hydro submitted an application to the BCUC request for a new Cloud Costs
regulatory account. On April 18, 2023, the BCUC approved BC Hydro’s request for the Cloud Costs
regulatory account to capture cloud arrangement implementation costs and directed BC Hydro to establish
a separate Cloud Usage Fee regulatory account to capture annual usage fee variances for unplanned cloud
arrangements. The BCUC also approved recovery of the Cloud Costs regulatory account over the expected
term of the cloud arrangement, the Cloud Usage Fees over the following test period and the application of
interest to the accounts. The Cloud Costs regulatory account and Cloud Usage Fees regulatory account
were included within Other Regulatory Accounts – assets in the table above.

On November 18, 2022, the Government of B.C. issued a Direction to the BCUC respecting Residential
and Commercial Customer Account Credits (B.C. Reg 163/2021, Order in Council No. 571) under section
3 of the Utilities Commission Act. On November 28, 2022, the BCUC issued Order No. G-341-22 as
directed to enable the provision of residential and commercial customer account credits and several
changes to BC Hydro’s regulatory accounts. The Order authorized BC Hydro to establish a Customer
Credit Regulatory Account and Inflationary Pressures Regulatory Account and transfer $320 million and
$74 million, respectively, from the Trade Income Deferral Account to these new accounts. In addition, it
authorized BC Hydro to transfer $6 million from the Trade Income Deferral Account to the Customer
Crisis Fund Regulatory Account. It also required BC Hydro to provide account credits to commercial and
residential customers, defer the amount of the customer credits issued to the Customer Credit Regulatory
Account and allows BC Hydro to defer specified inflationary pressure amounts to the Inflationary
Pressures Regulatory Account. The Customer Crisis Fund Regulatory Account and Customer Credit
Regulatory Account were included within the Other Regulatory Accounts - liabilities in the table above.

On March 31, 2023, BC Hydro submitted an application to the BCUC seeking approval to reinstate a $320
million regulatory liability to the Trade Income Deferral Account. The effect of the reinstatement of the
$320 million regulatory liability is that the customer credits issued in accordance with the Direction and
BCUC Order No. G-341-22 will have been funded through BC Hydro’s operations (i.e., by a reduction in
BC Hydro’s actual fiscal 2023 net income) and not by ratepayers. Customers will retain the credits they
received and there will be no bill adjustments because of the application. The BCUC review of BC Hydro’s
application to reinstate the $320 million regulatory liability in the Trade Income Deferral Account is
currently underway and the BCUC will issue its decision in due course. The financial impact of the
requested reinstatement has been incorporated in these financial statements in accordance with the
Company’s rate regulation accounting policy, whereby BC Hydro recognizes the impacts of requests in

37
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

advance of a final decision by the BCUC if management considers it is probable that the BCUC will
approve the request. As a result, the Customer Credit Regulatory Account had a $nil account balance at
March 31, 2023.

On April 21, 2023, the BCUC issued its preliminary Decision on BC Hydro’s Fiscal 2023 to Fiscal 2025
Revenue Requirements Application and issued a series of compliance directives that impacted BC Hydro’s
fiscal 2023 financial statements. The financial impact of the Decision has been incorporated in these
financial statements. The impact was a revised estimated bill decrease for fiscal 2023 of 1.32 per cent. This
is a 0.06 per cent change in the bill impact compared to the 1.38 per cent interim bill decrease approved by
the BCUC for fiscal 2023. In addition, the BCUC directed BC Hydro to establish two new regulatory
accounts - the Electrification Customer Connection Costs regulatory account and the Site C Variance Costs
regulatory account. The Electrification Customer Connection Costs regulatory account is included within
Other Regulatory Accounts in the table above and the Site C Variance Costs account had a $nil account
balance as at March 31, 2023.

Heritage Deferral Account


This account is intended to mitigate the impact of certain cost and revenue variances between the forecast
costs and revenues in a revenue requirements application and actual costs and revenues associated with the
Company’s hydroelectric and thermal generating facilities. The account balance is recovered through the
DARR, which is an additional charge or credit on customer bills. In its recent Decision, the BCUC
approved the recovery of the balance through the DARR table mechanism for fiscal 2023 and fiscal 2024.
The DARR table mechanism is a sliding scale that determines the level of the DARR based on the forecast
net balance of the cost of energy variance accounts (i.e., the Heritage Deferral account, the Non-Heritage
Deferral account, the Trade Income Deferral account, the Load Variance account, the Biomass Energy
Program Variance account and the Low Carbon Fuel Credits Variance Regulatory Account). Commencing
in fiscal 2025, the BCUC directed BC Hydro to file for approval of the DARR annually in a filing separate
from the RRA to recover the cost of energy variance account balances other than the Trade Income
Deferral Account.

Non-Heritage Deferral Account


This account is intended to mitigate the impact of certain cost and revenue variances between the forecast
costs and revenues in a revenue requirements application and actual costs and revenues related to items
including all non-heritage energy costs (e.g., costs related to power acquisitions from Independent Power
Producers). The account balance is recovered through the DARR, which is an additional charge or credit on
customer bills. In its recent Decision, the BCUC approved the recovery of the balance through the DARR
table mechanism for fiscal 2023 and fiscal 2024. Commencing in fiscal 2025, the BCUC directed BC
Hydro to file for approval of the DARR annually in a filing separate from the RRA to recover the cost of
energy variance account balances other than the Trade Income Deferral Account.

Trade Income Deferral Account


This account is intended to mitigate the uncertainty associated with forecasting the net income of the
Company’s trade activities. The impact is to defer the difference between the Trade Income forecast in a
revenue requirements application and actual Trade Income. The account balance is recovered through the
DARR, which is an additional charge or credit on customer bills. In its recent Decision, the BCUC
approved the recovery of the balance through the DARR table mechanism for fiscal 2023 and fiscal 2024.
Commencing in fiscal 2025, the Trade Income Deferral Account will be recovered in rates, over a three

38
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

year period, through the Trade Income Rate Rider (TIRR), which is a separate additional charge or credit
on customer bills. The BCUC directed BC Hydro to file for approval of the TIRR annually in a filing
separate from the RRA.

Load Variance
This account is intended to capture the variance between planned and actual domestic customer load (i.e.,
customer demand). The account is one of BC Hydro’s cost of energy variance accounts and has the same
mechanisms for interest charges and recovery applied to it that are applicable to the NHDA. The account
balance is recovered through the DARR, which is an additional charge or credit on customer bills. In its
recent Decision, the BCUC approved the recovery of the balance through the DARR table mechanism for
fiscal 2023 and fiscal 2024. Commencing in fiscal 2025, the BCUC directed BC Hydro to file for approval
of the DARR annually in a filing separate from the RRA to recover the cost of energy variance account
balances other than the Trade Income Deferral Account.

Biomass Energy Program Variance


This account is intended to capture the variances between planned and actual energy purchase and load
associated with Biomass energy purchases agreements. This account is also categorized as one of BC
Hydro’s cost of energy variance accounts and has the same mechanisms for interest charges and recovery
applied to it that are applicable to the NHDA. Prior to the creation of this account, these variances would
have been in the scope of the Non-Heritage Deferral Account. The account balance is recovered through
the DARR, which is an additional charge or credit on customer bills. In its recent Decision, the BCUC
approved the recovery of the balance through the DARR table mechanism for fiscal 2023 and fiscal 2024.
Commencing in fiscal 2025, the BCUC directed BC Hydro to file for approval of the DARR annually in a
filing separate from the RRA to recover the cost of energy variance account balances other than the Trade
Income Deferral Account.

Inflationary Pressures
On November 18, 2022, the Province issued Order in Council No. 571, which directed the BCUC to
authorize BC Hydro to establish the Inflationary Pressures Regulatory Account and transfer $74 million
from the Trade Income Deferral Account to the new account. It also allowed BC Hydro to defer specified
costs to the Inflationary Pressures Regulatory Account. On November 28, 2022, the BCUC issued Order
No. G-341-22 as directed to authorize BC Hydro to establish the Inflationary Pressures Regulatory Account
and transfer $74 million from the Trade Income Deferral Account to the new account. BC Hydro has not
requested recovery of the Inflationary Pressures Regulatory Account as of March 31, 2023, but expects the
balance to be fully drawn down to zero over time as costs are deferred to the regulatory account.

Demand-Side Management
Demand-Side Management expenditures are deferred and amortized on a straight-line basis over the
anticipated 15 year period of benefit of the expenditures. Demand-Side Management expenditures include
materials, direct labour and applicable portions of support costs, equipment costs, and incentives, which are
not eligible for capitalization. Costs relating to identifiable tangible assets that meet the capitalization
criteria are recorded as property, plant and equipment. In March 2017, the Province issued Orders in
Council No. 100 and No. 101, which enable BC Hydro to pursue cost-effective electrification and allows

39
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

for costs related to undertakings pursuant to Order in Council No. 101 to be deferred to the Demand-Side
Management Regulatory Account.

First Nations Provisions & Costs


The First Nations Provisions Regulatory Account includes the present value of future payments and the
First Nations Costs Regulatory Account includes the payments related to agreements reached with various
First Nations groups. These agreements address settlements related to the construction and operation of the
Company’s existing facilities and provide compensation for associated impacts. Actual lump sum and
annual settlement costs paid pursuant to these settlements are transferred from the First Nations Provisions
Regulatory Account to the First Nations Costs Regulatory Account. In addition, annual negotiation costs
are deferred to the First Nations Costs Regulatory Account.

Forecast lump sum settlement payments are amortized over 10 years starting in the year of payment,
forecast annual settlement payments are amortized in the year of payment, and actual annual negotiation
costs are recovered from the First Nations Costs Regulatory Account in the year incurred. Variances
between forecast and actual lump sum and annual settlement payments in the current test period are
recovered over the following test period.

Non-Current Pension Costs


The Non-Current Pension Costs Regulatory Account captures variances between forecast and actual non-
current service costs, such as net interest income or expense related to pension and other post-employment
benefit plans. In addition, all re-measurements of the net defined benefit liability are deferred to this
account. Amounts deferred during the current test period are amortized at the start of the following test
period over the expected average remaining service life of the employee group (currently 13 years).

Site C
Site C Project expenditures incurred in fiscal 2007 through the third quarter of fiscal 2015 were deferred. In
December 2014, the Province approved a final investment decision for the Site C Project, resulting in
expenditures being capitalized in property, plant and equipment starting in the fourth quarter of fiscal 2015.
In its recent Decision, the BCUC approved BC Hydro’s request to begin amortizing the balance of the Site
C Regulatory Account once the Site C assets are in service in fiscal 2025 over the weighted average
expected useful life of the Site C assets, currently estimated at 84 years.

Contributions in Aid (CIA) of Construction Amortization


This account captures the difference in revenue requirement impacts of the 45 year amortization period the
Company uses as per a depreciation study and the 25 year amortization period determined by the BCUC.

Environmental Provisions & Costs


A liability provision and offsetting regulatory asset has been established for environmental compliance and
remediation arising from the costs that will likely be incurred to comply with the Federal Polychlorinated
Biphenyl (PCB) Regulations enacted under the Canadian Environmental Protection Act, the Asbestos
requirements of the Occupational Health and Safety Regulations under the jurisdiction of WorkSafe BC
and the remediation of environmental contamination at a property occupied by a predecessor company.
Actual expenditures related to environmental regulatory provisions are transferred to the environmental
cost regulatory accounts. Forecast environmental and remediation costs are amortized from the accounts

40
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

each year. Variances between forecast and actual environmental and remediation expenditures in the
current test period are recovered over the following test period.

Smart Metering & Infrastructure


Net operating costs incurred with respect to the Smart Metering & Infrastructure program were deferred
through the end of fiscal 2016 when the project was completed. Costs relating to identifiable tangible and
intangible assets that meet the capitalization criteria were recorded as property, plant and equipment or
intangible assets, respectively. The balance in the regulatory account at the end of fiscal 2016 is being
amortized over a period of 13 years, reflecting the remaining period of the overall amortization period of
15 years, which is based on the average life of Smart Metering & Infrastructure assets.

IFRS Pension
Unamortized experience gains and losses on the pension and other post-employment benefit plans
recognized at the time of transition to IFRS as part of the Prescribed Standards (the previous accounting
standards applicable to BC Hydro that were effective April 1, 2012 to March 31, 2019) were deferred to
this regulatory account to allow for recovery in future rates. The account balance is amortized/recovered
over 20 years on a straight-line basis beginning in fiscal 2013.

IFRS Property, Plant & Equipment


This account includes the fiscal 2012 incremental costs impacts due to the application of the accounting
principles of IFRS to Property, Plant & Equipment to the comparative fiscal year for the adoption of IFRS
as part of the Prescribed Standards (the previous accounting standards applicable to BC Hydro that were
effective April 1, 2012 to March 31, 2019). In addition, the account includes an annual deferral of overhead
costs, ineligible for capitalization under the accounting principles of IFRS that was being phased in over 10
years and the phase in was completed in Fiscal 2021. The annual deferred amounts are amortized over 40
years beginning the year following the deferral of the expenditures.

Debt Management
This account captures mark-to-market gains and losses on financial contracts that economically hedge
future long-term debt. The realized gains or losses are amortized over the remaining term of the associated
long-term debt issuances, commencing in the test period following the test period in which the long-term
debt associated with a particular hedge is issued.

Other Regulatory Accounts


Other regulatory asset and liability accounts with individual balances less than $50 million include the
following: Foreign Exchange Gains and Losses, Total Finance Charges, Amortization of Capital Additions,
Real Property Sales, Customer Crisis Fund, Electric Vehicle Fast Charging, Depreciation Study, Project
Write-off, Mining Customer Payment Plan, Cloud Costs, Cloud Usage Fees, Mandatory Reliability
Standards Costs, Load Attraction Costs, Storm Restoration Costs, Dismantling Cost, Post-Employment
Benefit Current Pension Costs, Low Carbon Fuel Credits, Customer Credits, Electrification Customer
Connection Costs, and Site C Variance Costs.

41
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

Note 16: Accounts Payable and Accrued Liabilities

March 31, March 31,


(in millions) 2023 2022
Accounts payable $ 613 $ 420
Accrued liabilities 1,087 1,125
Current portion of lease liabilities (Note 19) 72 52
Current portion of other long-term liabilities (Note 24) 130 112
Other 51 51
$ 1,953 $ 1,760

Note 17: Long-Term Debt and Debt Management


The Company’s long-term debt comprises bonds and revolving borrowings obtained under an agreement
with the Province.

The Company has a commercial paper borrowing program with the Province which is limited to $5.50
billion (2022 - $5.50 billion) and is included in revolving borrowings. At March 31, 2023, the outstanding
amount under the borrowing program was $2.76 billion (2022 - $2.79 billion).

For the year ended March 31, 2023, the Company issued bonds for net proceeds of $1.50 billion (2022 -
$1.57 billion) and a par value of $1.73 billion (2022 - $1.58 billion), a weighted average effective interest
rate of 4.0 per cent (2022 - 2.4 per cent) and a weighted average term to maturity of 18.6 years (2022 - 21.6
years).

For the year ended March 31, 2023, the Company redeemed bonds with a par value of $500 million (2022 -
$526 million).

Long-term debt, expressed in Canadian dollars, is summarized in the following table by year of maturity:

42
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

(in millions) March 31, 2023 March 31, 2022

Weighted Weighted
Average Average
Interest Interest
1 1
Canadian US Euro Total Rate Canadian US Euro Total Rate
Maturing in fiscal:
2023 $ - - - $ - - $ 500 - - $ 500 6.8
2024 200 - - 200 5.9 200 - - 200 5.9
2025 10 - - 10 5.5 10 - - 10 5.5
2026 900 676 387 1,963 3.6 900 625 365 1,890 3.6
2027 850 - - 850 2.4 850 - - 850 2.4
2028 1,000 - - 1,000 2.8 - - - - -
1-5 years 2,960 676 387 4,023 3.3 2,460 625 365 3,450 3.9
6-10 years 6,510 - - 6,510 3.1 6,535 - - 6,535 2.9
11-15 years - 405 203 608 5.2 - 375 192 567 5.1
16-20 years 3,273 - - 3,273 4.3 1,250 - - 1,250 4.9
21-25 years 2,565 - - 2,565 3.7 4,588 - - 4,588 3.9
26-30 years 7,170 - - 7,170 3.0 5,545 - - 5,545 2.9
Over 30 years 110 - - 110 3.4 985 - - 985 2.7
Bonds $ 22,588 $ 1,081 $ 590 $ 24,259 3.4 $ 21,363 $ 1,000 $ 557 $ 22,920 3.4
Revolving borrowings 2,115 643 - 2,758 4.5 1,910 882 - 2,792 0.6
$ 24,703 $ 1,724 $ 590 $ 27,017 $ 23,273 $ 1,882 $ 557 $ 25,712

Adjustments to
carrying value resulting
from discontinued
hedging activities 7 18 - 25 8 18 - 26

Unamortized premium,
discount, and issue
costs (18) (7) (2) (27) 223 (8) (2) 213
$ 24,692 $ 1,735 $ 588 $ 27,015 $ 23,504 $ 1,892 $ 555 $ 25,951
Less: Current portion (2,315) (643) - (2,958) (2,410) (882) - (3,292)

Non-current long-term
debt $ 22,377 $ 1,092 $ 588 $ 24,057 $ 21,094 $ 1,010 $ 555 $ 22,659
1
The weighted average interest rate represents the effective rate of interest on fixed-rate bonds.

43
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

The following foreign currency contracts were in place at March 31, 2023 in a net liability position of $8
million (2022 – net liability of $27 million). Such contracts are primarily used to hedge foreign currency
long-term debt principal and U.S. commercial paper borrowings.

March 31, March 31,


(in millions) 2023 2022
Cross-Currency Swaps
1
Euro dollar (€) to Canadian dollar - notional amount € 402 € 402
Euro dollar to Canadian dollar - weighted average contract rate 1.47 1.47
Weighted remaining term 5 years 6 years
Foreign Currency Forwards
1
United States dollar (US$) to Canadian dollar - notional amount US$ 1,057 US$ 1,279
United States dollar to Canadian dollar - weighted average contract rate 1.30 1.26
Weighted remaining term 4 years 4 years
1
Notional amount for a derivative instrument is defined as the contractual amount on which payments are calculated.

The following bond locks and forward swap contracts were in place at March 31, 2023 with a net asset
position of $175 million (2022 - net asset of $179 million). Such contracts are used to lock in interest rates
on future Canadian denominated debt issues. The contracts outstanding relate to $2.88 billion (2022 -
$3.73 billion) of planned 10 and 30 year debt (2022 - 10 and 30 year debt) to be issued on dates ranging
from June 2023 to October 2026 (2022 - June 2022 to October 2025).

March 31, March 31,


(in millions) 2023 2022
Bond Locks
1
Canadian dollar - notional amount $ - $ 575
Weighted forecast borrowing yields - 2.48%
Weighted remaining term - < 1 year

Forward Swaps
1
Canadian dollar - notional amount $ 2,875 $ 3,150
Weighted forecast borrowing yields 3.19% 3.03%
Weighted remaining term 1 years 1 years
1
Notional amount for a derivative instrument is defined as the contractual amount on which payments are calculated.

For more information about the Company’s exposure to interest rate, foreign currency and liquidity risk,
see Note 23.

44
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

Note 18: Supplemental Disclosure of Cash Flow Information


Change in Working Capital and Other Assets and Liabilities:

(in millions) 2023 2022


Restricted Cash $ - $ 6
Accounts receivable and accrued revenue (73) 30
Inventories (106) (17)
Prepaid expenses (31) (15)
Other non-current assets 25 73
Accounts payable and accrued liabilities (109) (37)
Unearned revenues and contributions in aid 200 162
Post-employment benefits (8) (5)
Other non-current liabilities 2 (31)
$ (100) $ 166

Non-Cash Investing Transactions:

(in millions) 2023 2022


Contributions in kind received for property, plant and equipment $ 55 $ 52

Reconciliation for liabilities arising from financing activities:

Balance, Foreign Balance


April 1, exchange Proceeds March 31,
1
(in millions) 2022 Issued Redemptions movement Other (Payments) 2023

Long-term debt and revolving


borrowings:
Long-term debt $ 23,159 $ 1,498 $ (500) $ 115 $ (15) $ - $ 24,257
Revolving borrowings 2,792 7,438 (7,494) - 22 - 2,758
Total long-term debt and revolving
borrowings 25,951 8,936 (7,994) 115 7 - 27,015
Lease liability (Note 19) 1,379 - - - 186 (117) 1,448
Vendor financing liability 313 - - - 20 (43) 290
Debt-related derivative liability (179) - - - (201) 205 (175)
$ 27,464 $ 8,936 $ (7,994) $ 115 $ 12 $ 45 $ 28,578
1
Other includes new lease liability, fair value adjustments to the debt-related derivative liability, interest, and other non-cash items.

45
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

Balance, Foreign Balance


April 1, exchange Proceeds March 31,
1
(in millions) 2021 Issued Redemptions movement Other (Payments) 2022

Long-term debt and revolving


borrowings:
Long-term debt $ 22,177 $ 1,568 $ (526) $ (40) $ (20) $ - $ 23,159
Revolving borrowings 2,803 8,733 (8,744) - - - 2,792
Total long-term debt and revolving
borrowings 24,980 10,301 (9,270) (40) (20) - 25,951
Lease liability (Note 19) 1,432 - - - 72 (125) 1,379
Vendor financing liability 333 - - - 22 (42) 313
Debt-related derivative liability 125 - - - (153) (151) (179)
$ 26,870 $ 10,301 $ (9,270) $ (40) $ (79) $ (318) $ 27,464
1
Other includes new lease liability, fair value adjustments to the debt-related derivative liability, interest, and other non-cash items.

Note 19: Lease Liabilities


Lease costs
(in millions) 2023 2022
Interest on lease liabilities $ 46 $ 45
Variable lease payments not included in the measurement of lease liabilities 12 12
Expenses relating to short-term leases and leases of low-value assets 20 18
$ 78 $ 75

Amounts recognized in the statement of cash flows


(in millions) 2023 2022
Total cash outflow for leases $ 148 $ 155

Maturity analysis
March 31, March 31,
(in millions) 2023 2022
Maturity analysis - contractual undiscounted cash flows
Less than 1 year $ 119 $ 96
1 to 5 years 443 380
More than 5 years 1,479 1,462
Total Undiscounted Lease Liabilities $ 2,041 $ 1,938

46
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

March 31, March 31,


(in millions) 2023 2022
Current $ 72 $ 52
Non-current 1,376 1,327
Total Lease Liabilities $ 1,448 $ 1,379

Long-term energy purchase agreements


The Company has entered into some long-term energy purchase agreements that are considered to be a
lease. The long-term energy purchase agreements have terms ranging from 4.5 years to 30 years with no
option to renew. The lease payments are adjusted annually for changes in the consumer price index, and
these amounts are included in the measurement of the lease liability. The variable lease payments for these
long-term energy purchase agreement leases for the year ended March 31, 2023 was $10 million (2022 - $9
million). See note 26 for long-term energy purchase agreements with related parties.

Property leases
The Company leases land and building for its office space and operation use. The property leases typically
run for a period of 2 years to 99 years. Some leases include an option to renew the leases for an additional
period ranging from 1 year to 10 years.

Some leases require the Company to make payments that relate to the property taxes, insurance payments
and operating costs; these amounts are generally determined annually. These variable lease payments for
the year ended March 31, 2023 was $2 million (2022 - $2 million).

Other leases
The Company also leases vehicles, office equipment and other equipment. These vehicle leases are short-
term, and office and other equipment leases are short-term and/or leases of low value items. The Company
has elected not to recognize right-of-use assets and lease liabilities as a result of the practical expedients
used as noted in note 3(r).

Note 20: Unearned Revenues and Contributions in Aid


March 31, March 31,
(in millions) 2023 2022
Unearned revenues $ 325 $ 322
Contributions in aid 2,398 2,196
2,723 2,518
Less: Current portion, unearned revenues (44) (40)
Less: Current portion, contributions in aid (64) (60)
$ 2,615 $ 2,418

47
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

Note 21: Capital Management


Orders in Council from the Province establish the basis for determining the Company’s equity for
regulatory purposes, as well as the annual payment to the Province (see below). Capital requirements are
consequently managed through the retention of equity subsequent to the Payment to the Province. For this
purpose, the applicable Order in Council defines debt as revolving borrowings and interest-bearing
borrowings less investments held in sinking funds and cash and cash equivalents. Equity comprises
retained earnings, accumulated other comprehensive loss, and contributed surplus. The Company monitors
its capital structure on the basis of its debt to equity ratio.

During the year, there were no changes in the approach to capital management.

The debt to equity ratio at March 31, 2023, and March 31, 2022 was as follows:
March 31, March 31,
(in millions) 2023 2022
Total debt, net of sinking funds $ 26,778 $ 25,741
Less: Cash and cash equivalents (148) (99)
Net Debt $ 26,630 $ 25,642

Retained earnings $ 7,354 $ 6,994


Contributed surplus 60 60
Accumulated other comprehensive loss (58) (8)
Total Equity $ 7,356 $ 7,046
Net Debt to Equity Ratio 78 : 22 78 : 22

Dividend Payment to the Province


In accordance with Order in Council No. 095/2014 from the Province, for the year ended March 31, 2018
and subsequent years, the payment to the Province was reduced by $100 million per year based on the
payment in the immediate preceding fiscal year until it reached zero and will remain at zero until BC
Hydro achieves a 60:40 debt to equity ratio.

As a result of the Order in Council, there was no dividend payment to the Province for the years ended
March 31, 2023 and 2022.

Note 22: Post‐Employment Benefits


The Company provides a defined benefit statutory (registered under the British Columbia Pension Benefits
Standards Act) pension plan to substantially all employees, as well as supplemental arrangements which
provide pension benefits in excess of statutory limits. Pension benefits are based on years of membership
service and highest five-year average pensionable earnings. The plan also provides pensioners a
conditional indexing fund. Employees make equal basic and indexing contributions to the plan funds based
on a percentage of current pensionable earnings as prescribed by the independent actuary. The Company
may contribute additional amounts as prescribed by the independent actuary. The Company is responsible
for ensuring that the statutory pension plan has sufficient assets to pay the pension benefits. The
supplemental arrangements are not funded. The defined benefit pension plans are administered under a

48
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

defined governance structure. The pension arrangements including investment, plan benefits and funding
decisions are administered by the Company’s Pension Management Committee with the oversight resting
with the Board of Directors. Significant changes to the plans, investment policies, and funding policies
require the approval of the Board of Directors. The most recent actuarial funding valuation for the statutory
pension plan was performed at December 31, 2021. The next valuation for funding purposes will be
prepared no later than as at December 31, 2024, and the results will be available in September 2025.

The Company also provides post-employment benefits other than pensions including limited medical,
extended health, dental and life insurance coverage for retirees who have at least 10 years of service and
qualify to receive pension benefits. Certain benefits, including the short-term continuation of health care
and life insurance, are provided to terminated employees or to survivors on the death of an employee.
These post-employment benefits other than pensions are not funded. Post-employment benefits include the
pay out of benefits that vest or accumulate, such as banked vacation.

By their design, defined benefit pension and other post-employment benefit plans expose the Company to
various risks such as investment performance, reductions in discount rates used to value the obligations,
increased longevity of plan members, future inflation levels impacting future salary increases as well as
future increases in healthcare costs.

Information about the pension benefit plans and post-employment benefits other than pensions is as follows:

(a) The expense for the Company’s benefit plans for the years ended March 31, 2023 and 2022 is
recognized in the following line items in the statement of comprehensive income prior to any
capitalization of employment costs attributable to property, plant and equipment and intangible asset
additions:
Pension Other
Benefit Plans Benefit Plans Total
(in millions) 2023 2022 2023 2022 2023 2022
Current service costs charged to
personnel expense - operating expenses $ 110 $ 142 $ 5 $ 7 $ 115 $ 149
Net interest costs charged to finance
costs 36 49 8 7 44 56
Total post-employment benefit plan
expense $ 146 $ 191 $ 13 $ 14 $ 159 $ 205

Actuarial gain recognized in other comprehensive income was $251 million (2022 – $776 million).

(b) Information about the Company’s defined benefit plans, in aggregate, is as follows:

49
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

Pension Other
Benefits Plans Benefits Plans Total
March 31, March 31, March 31, March 31, March 31, March 31,
(in millions) 2023 2022 2023 2022 2023 2022
Defined benefit obligation of funded plan $ (4,980) $ (5,110) $ - $ - $ (4,980) $ (5,110)
Defined benefit obligation of unfunded plans (161) (160) (171) (180) (332) (340)
Fair value of plan assets 4,581 4,557 - - 4,581 4,557
Plan deficit $ (560) $ (713) $ (171) $ (180) $ (731) $ (893)
Represented by:
Accrued benefit plan liability $ (560) $ (713) $ (171) $ (180) $ (731) $ (893)
The Company determined that there was no minimum funding requirement adjustment required in
fiscal 2023 and fiscal 2022 in accordance with IFRIC 14, The Limit on Defined Benefit Asset, Minimum
Funding Requirements and Their Interaction.

(c) Movement of defined benefit obligations and defined benefit plan assets during the year:

Pension Other
Benefit Plans Benefit Plans
March 31, March 31, March 31, March 31,
(in millions) 2023 2022 2023 2022
Defined benefit obligation
Opening defined benefit obligation $ 5,270 $ 5,684 $ 180 $ 217
Current service cost 110 142 5 7
Interest cost on benefit obligations 213 229 8 7
1
Benefits paid (213) (203) (5) (5)
Employee contributions 47 46 - -
2
Actuarial gains (286) (628) (17) (46)
Defined benefit obligation, end of year 5,141 5,270 171 180

Fair value of plan assets


Opening fair value 4,557 4,373 n/a n/a
3
Interest income on plan assets 182 180 n/a n/a
Employer contributions 51 51 n/a n/a
Employee contributions 47 46 n/a n/a
1
Benefits paid (204) (195) n/a n/a
2,3
Actuarial gains (losses) (52) 102 n/a n/a
Fair value of plan assets, end of year 4,581 4,557 - -
Accrued benefit liability $ (560) $ (713) $ (171) $ (180)
1
Benefits paid under Pension Benefit Plans include $19 million (2022 - $21 million) of settlement payments.
2
Actuarial gains/losses are included in the Non-Current Pension Costs Regulatory Account and for fiscal 2023 are comprised of $52 million of actuarial losses on
return on plan assets (2022 - $102 million actuarial gains) and $303 million of actuarial gains (2022 - $674 million actuarial gains) on the benefit obligations
mainly due to discount rate increases.
3
Actual income on defined benefit plan assets for the year ended March 31, 2023 was $130 million (2022 - $282 million).

50
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

(d) The significant assumptions adopted in measuring the Company’s accrued benefit obligations as at
each March 31 year end are as follows:

Pension Other
Benefit Plans Benefit Plans
March 31, March 31, March 31, March 31,
2023 2022 2023 2022
Discount rate
Benefit cost 4.38% 3.40% 4.19% 3.14%
Accrued benefit obligation 4.96% 4.38% 4.92% 4.19%
Rate of return on plan assets 4.38% 3.40% n/a n/a
Rate of compensation increase
Benefit cost 3.50% 3.50% 3.50% 3.50%
Accrued benefit obligation 3.50% 3.50% 3.50% 3.50%
Health care cost trend rates
Weighted average health care cost trend rate n/a n/a 3.47% 3.46%
Weighted average ultimate health care cost trend rate n/a n/a 3.47% 3.46%
Year ultimate health care cost trend rate will be achieved n/a n/a n/a n/a

The valuation cost method for the accrued benefit obligation is the projected unit credit method pro-
rated on service.

(e) Defined benefit pension plan assets are invested prudently in order to meet the Company’s pension
obligations. The pension plans’ investment strategy is to hold a diversified mix of investments by asset
class and geographic location in order to reduce investment-specific risk to the funded status while
maximizing the expected returns to meet pension obligations. Investment of the plan’s assets follows
an asset/liability framework as investment is conducted with consideration of the pension obligation’s
sensitivity to interest rates which is a key risk factor impacting the obligation’s value.

In developing the pension plan’s asset mix, the Company includes, but is not limited to the following
factors:
 the nature of the underlying benefit obligations, including the duration and term profile of the
liabilities;
 the member demographics, including expectations for normal retirements, terminations, and deaths;
 the financial position of the pension plan;
 the diversification benefits obtained by the inclusion of multiple asset classes; and
 expected asset returns, including asset and liability correlations, along with liquidity requirements
of the plan.

To implement the asset mix policy, the Company may invest in fixed interest investments (such as debt
instruments), equity securities, and alternative investments. The Company’s defined benefit pension
plan assets are primarily comprised of debt and equity securities and alternative investments.

The publicly traded equity securities are unadjusted quoted market prices in an active market (Level 1)
and the publicly traded fixed interest investments generally have quoted market prices or observable
market inputs for similar assets in an active market (Level 2). Alternative investments include private

51
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

fund investments including infrastructure, renewable resources, real estate, mortgages and private
equity and debt, all of which usually do not have quoted market prices available (Level 3). These fund
assets are valued by external managers and independent valuators using accepted industry valuation
methods and models.

(f) Asset allocation of the defined benefit statutory pension plan as at the measurement date:

Long Term
Strategic
Target Target Range March 31, March 31,
Allocation Min Max 2023 2022
Fixed interest investments 20% 15% 35% 20% 24%
Public equities 40% 30% 50% 42% 42%
1
Real estate 15% 10% 20% 15% 14%
1
Private equities 15% 10% 20% 15% 12%
1
Infrastructure and renewable resources 10% 5% 15% 8% 8%
1
The total cannot exeed 50%.

Plan assets are re-balanced within ranges around target applications. The Company’s expected return
on plan assets is determined by considering long-term historical returns, future estimates of long-term
investment returns, and asset allocations.

(g) Other information about the Company’s benefit plans is as follows:

The Company’s contribution to be paid to its funded defined benefit statutory pension plan in fiscal
2024 is expected to amount to $55 million. The expected benefit payments to be paid in fiscal 2024 in
respect to the unfunded defined benefit plans are $14 million.

The following table presents the maturity profile of the Company’s defined benefit pension plan
obligation:

(in millions, except weighted average duration and plan participants)


Number of plan participants as at March 31, 2023 15,574
Actual benefit payments 2023 $ 204
Benefits expected to be paid 2024 $ 209
Benefits expected to be paid 2025 $ 213
Benefits expected to be paid 2026 $ 218
Benefits expected to be paid 2027 $ 223
Benefits expected to be paid 2028 $ 228
Benefits expected to be paid 2029-2032 $ 969
Weighted average duration of defined benefits payments 13.9 years

52
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

Assumptions adopted can have a significant effect on the value of the obligations for defined benefit
pension and other post-employment benefit plans and are based on historical experience and market
inputs. The increase (decrease) in obligation in the following table has been determined for key
assumptions assuming all other assumptions are held constant. In practice, this is unlikely to occur, as
changes in some of the assumptions may be correlated. The two tables below present the sensitivity
analysis of key assumptions for 2023.

Assumed healthcare cost trend rates have a significant effect on the amounts recognized in net income.
A one percentage point change in assumed healthcare cost trend rates would have the following effects:

2023
increase/ Effect on Effect on
decrease in accrued benefit current
(in millions) assumption obligation service costs
Healthcare cost trend 1 % increase $ 6 $ -
Healthcare cost trend 1% decrease (5) -

The impact on the defined benefit obligation for the Pension Benefit Plans of changing certain of the
major assumptions is as follows:
2023
Increase/ Effect on Effect on
decrease in accrued benefit current service
(in millions) assumption obligation costs
Discount rate 1% increase -493 -27
Discount rate 1% decrease +620 +37
Longevity 1 year increase +103 +2
Longevity 1 year decrease -106 -3
Compensation 1% increase +157 +17
Compensation 1% decrease -136 -14

Note 23: Financial Instruments


Financial Risk Management Overview
The Company is exposed to a number of financial risks in the normal course of its business operations,
including market risks resulting from fluctuations in commodity prices, interest rates and foreign currency
exchange rates, as well as credit risks and liquidity risks. The nature of the financial risks and the
Company’s strategy for managing these risks has not changed significantly from the prior year. Risk
management strategies and policies are employed to ensure that any exposures to these risks are in
compliance with the Company’s business objectives and risk tolerance levels set out in the Company’s
Treasury Risk Management Policy and Liability Risk Management Annual Strategic Plan. Responsibility
for the oversight of risk management is held by the Company’s Board of Directors and is implemented and
monitored by senior management within the Company.

53
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

The following discussion is limited to the nature and extent of risks arising from financial instruments, as
defined under IFRS 7, Financial Instruments: Disclosures. However, for a complete understanding of the
nature and extent of financial risks the Company is exposed to, this note should be read in conjunction with
the Company’s discussion of Risk Management found in the Management’s Discussion and Analysis
section of the 2022/23 Annual Service Plan Report.

(a) Credit Risk


Credit risk refers to the risk that one party to a financial instrument will cause a financial loss for a
counterparty by failing to discharge an obligation. The Company is exposed to credit risk related to cash
and cash equivalents, restricted cash, accounts receivable, non-current receivables, sinking fund
investments, and derivative instruments.

The Company manages financial institution credit risk through a Board-approved Treasury Risk
Management Policy. Exposures to credit risks are monitored on a regular basis. Large customers are
assessed for credit quality by taking into account external credit ratings, where available, an analysis of
financial position and liquidity, past experience and other factors. The Company assigns credit limits for
counterparties based on evaluations of their financial condition, net worth, credit ratings, and other credit
criteria. For some customers, security over accounts receivable may be obtained in the form of a security
deposit.

Maximum credit risk with respect to financial assets is limited to the carrying amount presented on the
consolidated statement of financial position with the exception of U.S. dollar sinking funds and non-current
receivables which are classified as amortized cost and carried on the consolidated statement of financial
position at $237 million and $134 million, respectively. The maximum credit risk exposure for the U.S.
dollar sinking funds and non-current receivables as at March 31, 2023 is their fair value of $239 million
and $135 million, respectively.

(b) Liquidity Risk


Liquidity risk refers to the risk that the Company will encounter difficulty in meeting obligations associated
with financial liabilities. The Company manages liquidity risk by forecasting cash flows to identify
financing requirements and by maintaining a commercial paper borrowing program under an agreement
with the Province (see Note 17). The Company’s long-term debt comprises bonds and revolving
borrowings obtained under an agreement with the Province. Cash from operations reduces the Company’s
liquidity risk. The Company does not believe that it will encounter difficulty in meeting its obligations
associated with financial liabilities.

(c) Market Risks


Market risk refers to the risk that the fair value or future cash flows of a financial instrument will fluctuate
because of changes in market prices. Market risk comprises three types of risk: currency risk, interest rate
risk, and other price risk, such as changes in commodity prices. The Company monitors its exposure to
market fluctuations and may use derivative contracts to manage these risks, as it considers appropriate.

54
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

(i) Currency Risk


Currency risk refers to the risk that the fair value or future cash flows of a financial instrument will
fluctuate because of changes in foreign exchange rates. The Company’s currency risk is primarily with
the U.S. dollar.

The majority of the Company’s currency risk arises from long-term debt in the form of U.S. dollar
denominated bonds. Energy commodity prices are also subject to currency risk as they are primarily
denominated in U.S. dollars. As a result, the Company’s trade revenues and purchases of energy
commodities, such as electricity and natural gas, and associated accounts receivable and accounts
payable, are affected by the Canadian/U.S. dollar exchange rate. In addition, all commodity derivatives
and contracts priced in U.S. dollars are also affected by the Canadian/U.S. dollar exchange rate.

The Company actively manages its currency risk through its Treasury Risk Management Policy. The
Company uses cross-currency swaps and forward foreign exchange purchase contracts to achieve and
maintain foreign currency exposure targets.

(ii) Interest Rate Risk


Interest rate risk refers to the risk that the fair value or future cash flows of a financial instrument will
fluctuate because of changes in market interest rates. The Company is exposed to changes in interest
rates primarily through its variable rate debt and the active management of its debt portfolio including
its related sinking fund assets and temporary investments. The Company actively manages its interest
rate risk through its Treasury Risk Management Policy. The Company uses interest rate swaps and
bond locks to lock in interest rates on future debt issues to protect against rising interest rates.

(iii) Commodity Price Risk


Commodity price risk refers to the risk that the fair value or future cash flows of a financial instrument
will fluctuate because of changes in market prices. The Company has exposure to movements in prices
for commodities including electricity, natural gas and other associated products. Prices for electricity
and natural gas fluctuate in response to changes in supply and demand, market uncertainty, and other
factors beyond the Company’s control.

The management of commodity price risk is governed by risk management policies with oversight from
either the BC Hydro or subsidiary Board of Directors. Risk management strategies, policies and limits
are designed to ensure the Company’s risks and related exposures are aligned with the Company’s
business objectives and risk tolerance. Risk management policies and procedures are reviewed
regularly to reflect changes in market conditions and the Company’s activities.

Categories of Financial Instruments


The following table provides a comparison of carrying values and fair values for non-derivative financial
instruments as at March 31, 2023 and 2022.

55
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

March 31, 2023 March 31, 2022 2023 2022


Interest Income Interest Income
Carrying Carrying (Expense) recognized (Expense) recognized
(in millions) Value Fair Value Value Fair Value in Finance Charges in Finance Charges
Fair Value Through Profit or Loss (FVTPL):
Cash equivalents - short-term investments $ 70 $ 70 $ 72 $ 72 $ 6 $ -

Amortized Cost:
Cash 78 78 27 27 - -
Accounts receivable and accrued revenue 894 894 802 802 - -
Non-current receivables 134 135 134 140 11 9
Sinking funds 237 239 210 225 10 9
Accounts payable and accrued liabilities (1,953) (1,953) (1,760) (1,760) - -
Revolving borrowings (2,758) (2,758) (2,792) (2,792) (60) (4)
Long-term debt (including current portion due in one year) (24,257) (22,800) (23,159) (23,540) (814) (782)
First Nations liabilities (non-current portion) (435) (467) (404) (611) (18) (18)
Lease liabilities (non-current portion) (1,376) (1,376) (1,327) (1,327) (46) (45)
Other liabilities (non-current portion) (409) (397) (416) (415) (20) (21)

When the carrying value differs from fair value, the fair values of non-derivative financial instruments
would be classified as Level 2 of the fair value hierarchy. The carrying value of cash equivalents, restricted
cash, accounts receivable and accrued revenue, accounts payable and accrued liabilities, and revolving
borrowings approximates fair value due to the short duration of these financial instruments.

Hedges
As permitted by the transitional provision for hedge accounting under IFRS 9, the Company has elected to
continue with the hedging requirements of IAS 39, Financial Instruments: Recognition and Measurement
(IAS 39) and not adopt the hedging requirements of IFRS 9.

The following foreign currency contracts under hedge accounting were in place at March 31, 2023 in a net
liability position of $5 million (2022 - net liability $23 million). Such contracts are used to hedge the
principal on US$ denominated long-term debt and the principal and coupon payments on Euro€
denominated long-term debt for which hedge accounting has been applied. The hedging instruments are
effective in offsetting changes in the cash flows of the hedged item attributed to the hedged risk. The main
source of hedge ineffectiveness in these hedges is credit risk.

March 31, March 31,


($ amounts in millions) 2023 2022
Cross- Currency Hedging Swaps
1
EURO€ to CAD$ - notional amount € 402 € 402
EURO€ to CAD$ - weighted average contract rate 1.47 1.47
Weighted remaining term 5 years 6 years

Foreign Currency Hedging Forwards


1
US$ to CAD$ - notional amount US$ 573 US$ 573
US$ to CAD$ - weighted average contract rate 1.25 1.25
Weighted remaining term 7 years 8 years
1
Notional amount for a derivative instrument is defined as the contractual amount on which payments are calculated.

56
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

The fair value of derivative instruments designated and not designated as hedges, was as follows:
March 31, March 31,
2023 2022
(in millions) Fair Value Fair Value
Designated Derivative Instruments Used to Hedge Risk
Associated with Long-term Debt:
Foreign currency contract assets (cash flow hedges for US$ $ 29 $ 19
denominated long-term debt)
Foreign currency contract liabilities (cash flow hedges for US$ - (10)
denominated long-term debt)
Foreign currency contract liabilities (cash flow hedges for EURO€ (34) (32)
denominated long-term debt)
(5) (23)
Non-Designated Derivative Instruments:
Interest rate contract assets 199 180
Interest rate contract liabilities (24) (1)
Foreign currency contract liabilities (3) (4)
Commodity derivative assets 585 356
Commodity derivative liabilities (738) (356)
19 175
Net asset $ 14 $ 152

The carrying value of derivative instruments designated and not designated as hedges was the same as the
fair value.

The derivatives are represented on the consolidated statement of financial position as follows:
March 31, March 31,
(in millions) 2023 2022
Current portion of derivative financial instrument assets $ 494 $ 315
Current portion of derivative financial instrument liabilities (474) (228)

Derivative financial instrument assets, non-current 319 242


Derivative financial instrument liabilities, non-current (325) (177)
Net asset $ 14 $ 152

For designated cash flow hedges for the year ended March 31, 2023, there was a gain of $18 million (2022
- loss of $39 million). The effective portion was recognized in other comprehensive income. For the year
ended March 31, 2023, $91 million (2022 – ($39 million)) was reclassified from other comprehensive
income and reported in net income, offsetting net foreign exchange losses (2022 - gains) recorded in the
period.

57
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

For outstanding interest rate contracts not designated as hedges with an aggregate notional principal of
$2.88 billion (2022 - $3.73 billion), used to economically hedge the interest rates on future debt issuances,
there was a $69 million increase (2022 - $230 million) in the fair value of these contracts for the year ended
March 31, 2023. For interest rate contracts associated with debt issued, there was a $132 million increase
(2022 - $77 million decrease) in the fair value of contracts that settled during the year ended March 31,
2023. The net increase for the year ended March 31, 2023 of $201 million (2022 - $153 million) in the fair
value of these interest rate contracts was transferred to the Debt Management Regulatory Account which
had an asset balance of $67 million as at March 31, 2023.

Foreign currency contracts for cash management purposes not designated as hedges, for the year ended
March 31, 2023, had a loss of $1 million (2022 – gain of $2 million) recognized in finance charges.
Foreign currency contracts associated with U.S. revolving borrowings not designated as hedges, for the
year ended March 31, 2023, had a gain of $84 million (2022 - gain of $19 million) recognized in finance
charges. These economic hedges offset $83 million of foreign exchange revaluation losses (2022 – losses
of $19 million) recorded in finance charges with respect to U.S. revolving borrowings for the year ended
March 31, 2023.

For commodity derivatives not designated as hedges, a net gain of $929 million (2022 - $785 million) was
recorded in trade revenue for the year ended March 31, 2023.

Inception Gains and Losses


Changes in deferred inception gains and losses are as follows:

(in millions) 2023 2022


Deferred inception (loss) gain, beginning of the year $ (26) $ 40
New transactions 70 15
Amortization (57) (82)
Foreign currency translation (gain) loss (2) 1
Deferred inception loss, end of the year $ (15) $ (26)

CREDIT RISK

Domestic Electricity Receivables


A customer application and a credit check are required prior to initiation of services. For customers with no
BC Hydro credit history, the Company ensures accounts are secured either by a credit bureau check, a cash
security deposit, or a credit reference letter.

The value of the current domestic and trade accounts receivable, by age and the related provision for
doubtful accounts are presented in the following table:

58
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

Current Domestic and Trade Accounts Receivable Net of Allowance for Doubtful Accounts

March 31, March 31,


(in millions) 2023 2022
Current $ 495 $ 425
Past due (30-59 days) 26 24
Past due (60-89 days) 6 6
Past due (More than 90 days) 2 3
529 458
Less: Allowance for doubtful accounts (8) (7)
$ 521 $ 451

Financial Assets Arising from the Company’s Trading Activities


The Company’s management of credit risk generally includes evaluation of counterparty’s credit quality,
establishment of credit limits, and measurement, monitoring and mitigation of exposures. The Company
assesses the creditworthiness of counterparties before entering into contractual obligations, and then
reassesses changes on an ongoing basis. Credit risk is managed through securing, where appropriate,
corporate guarantees, cash collateral, letters of credit, or third party credit insurance, and through the use of
master netting agreements and margining provisions in contracts. Counterparty exposures are monitored on
a daily basis against established credit limits. The Company’s counterparties span a variety of industries.
There is no significant industry concentration of credit risk.

The following table sets out the carrying amounts of recognized financial instruments presented in the
consolidated statement of financial position on a gross basis that are subject to derivative master netting
agreements or similar agreements:
Related
Gross Derivative Instruments
(in millions) Instruments Not Offset Net Amount
As at March 31, 2023
Derivative commodity assets $ 585 $ 9 $ 576
Derivative commodity liabilities 738 9 729

As at March 31, 2022


Derivative commodity assets $ 356 $ 11 $ 345
Derivative commodity liabilities 356 11 345

LIQUIDITY RISK

The following table details the remaining contractual maturities at March 31, 2023 of the Company’s non-
derivative financial liabilities and derivative financial liabilities, which are based on contractual
undiscounted cash flows. Interest payments have been computed using contractual rates or, if floating,
based on rates current at March 31, 2023. In respect of the cash flows in foreign currencies, the exchange
rate as at March 31, 2023 has been used.

59
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

Carrying Fiscal Fiscal Fiscal Fiscal Fiscal Fiscal


Value 2024 2025 2026 2027 2028 2029
and
(in millions) thereafter
Non-Derivative Financial Liabilities
Total accounts payable and other payables $ 1,613 $ (1,613) $ - $ - $ - $ - $ -

(excluding interest accruals and current portion


of lease obligations and First Nations liabilities)
Long-term debt 27,244 (3,805) (821) (2,760) (1,578) (1,706) (29,181)
(including interest payments)
Lease obligations 1,448 (119) (118) (117) (110) (99) (1,479)
Other long-term liabilities 884 (60) (144) (75) (63) (59) (1,786)
Total Non-Derivative Financial Liabilities 31,189 (5,597) (1,083) (2,952) (1,751) (1,864) (32,446)
Derivative Financial Liabilities
Cross currency swaps used for hedging 34
Cash outflow (14) (14) (405) (5) (5) (221)
Cash inflow 5 5 391 2 2 210
Other forward foreign exchange contracts
designated at fair value 4
Cash outflow (545) - - - - -
Cash inflow 541 - - - - -
Interest rate swaps used for hedging 24 - (2) (12) (12) - -
Net commodity derivatives 153 (53) (81) (24) (14) (10) 4
Total Derivative Financial Liabilities 215 (66) (92) (50) (29) (13) (7)
Total Financial Liabilities 31,404 (5,663) (1,175) (3,002) (1,780) (1,877) (32,453)
Derivative Financial Assets
Forward foreign exchange contracts
used for hedging (29)
Cash outflow - - (436) - - (283)
Cash inflow - - 464 - - 311
Other forward foreign exchange contracts
designated at fair value (1)
Cash outflow (112) - - - - -
Cash inflow 113 - - - - -
Interest rate swaps used for hedging (199) 77 100 33 - - -
Total Derivative Financial Assets (229) 78 100 61 - - 28
Net Financial Liabilities $ 31,174 $ (5,585) $ (1,075) $ (2,941) $ (1,780) $ (1,877) $ (32,425)

60
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

MARKET RISKS

(a) Currency Risk


Sensitivity Analysis
A $0.01 strengthening (weakening) of the U.S. dollar against the Canadian dollar at March 31, 2023
would otherwise have a negative (positive) impact of $nil on net income before movement in regulatory
balances. The Total Finance Charges Regulatory Account that captures all variances from forecasted
finance charges (as described in Note 15) eliminates any impact on net income. This analysis assumes
that all other variables, in particular interest rates, remain constant.

This sensitivity analysis has been determined assuming that the change in foreign exchange rates had
occurred at March 31, 2023 and been applied to each of the Company’s exposures to currency risk for
both derivative and non-derivative financial instruments in existence at that date, and that all other
variables remain constant. The stated change represents management’s assessment of reasonably
possible changes in foreign exchange rates over the period until the next consolidated statement of
financial position date.

(b) Interest Rate Risk


For sensitivity analysis for variable rate non-derivative instruments, an increase (decrease) of 100-basis
points in interest rates at March 31, 2023 would otherwise have a negative (positive) impact on net
income before movement in regulatory balance of $30 million, but as a result of regulatory accounting,
it would have no impact on net income or other comprehensive income. The Total Finance Charges
Regulatory Account that captures all variances from forecasted finance charges (as described in Note
15) eliminates any impact on net income. This analysis assumes that all other variables, in particular
foreign exchange rates, remain constant.

For the interest rate contracts, an increase of 100-basis points in interest rates at March 31, 2023 would
otherwise have a positive impact on net income of $330 million and a decrease of 100 basis points in
interest rates at March 31, 2023 would otherwise have a negative impact on net income before
movement in regulatory balances of $400 million but as a result of regulatory accounting would have
no impact on net income or other comprehensive income as all gains and losses will be captured in the
Debt Management Regulatory Account.

This sensitivity analysis has been determined assuming that the change in interest rates had occurred at
March 31, 2023 and been applied to each of the Company’s exposure to interest rate risk for non-
derivative financial instruments in existence at that date, and that all other variables remain constant.
The stated change represents management’s assessment of reasonably possible changes in interest rates
over the period until the next consolidated statement of financial position date.

(c) Commodity Price Risk


Sensitivity Analysis
Commodity price risk refers to the risk that the fair value or future cash flows of a financial instrument
will fluctuate due to changes in commodity prices.

61
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

The Company has exposure to movements in prices for commodities including electricity, natural gas
and associated derivative products. Prices for electricity and natural gas commodities fluctuate in
response to changes in supply and demand, market uncertainty, and other factors beyond the
Company’s control.

The Company manages these exposures through its risk management policies, which limit components
of and overall market risk exposures, pre-defined approved products and mandate regular reporting of
exposures.

The Company’s risk management policies for trading activities defines various limits and controls,
including Value at Risk (VaR) limits, Mark-to-Market limits, and various transaction specific limits
which are monitored on a daily basis. VaR estimates the pre-tax forward trading loss that could result
from changes in commodity prices, with a specific level of confidence, over a specific time period. The
Company uses an industry standard Monte Carlo VaR model to determine the potential change in value
of the Company’s forward trading portfolio over a 10-day holding period, within a 95 per cent
confidence level, resulting from normal market fluctuations.

VaR as an estimate of price risk has several limitations. The VaR model uses historical information to
determine potential future volatility and correlation, assuming that price movements in the recent past
are indicative of near-term future price movements. It cannot forecast unusual events which can lead to
extreme price movements. In addition, it is sometimes difficult to appropriately estimate VaR
associated with illiquid or non-standard products. As a result, the Company uses additional measures to
supplement the use of VaR to estimate price risk. These include the use of a Historic VaR
methodology, stress tests and notional limits for illiquid or emerging products.

The VaR for commodity derivatives, calculated under this methodology, was approximately $30
million at March 31, 2023 (2022 - $61 million).

Fair Value Hierarchy


The following provides an analysis of financial instruments that are measured subsequent to initial
recognition at fair value, grouped based on the lowest level of input that is significant to that fair value
measurement.

The inputs used in determining fair value are characterized by using a hierarchy that prioritizes inputs
based on the degree to which they are observable. The three levels of the fair value hierarchy are as
follows:

 Level 1 - values are quoted prices (unadjusted) in active markets for identical assets and liabilities.

 Level 2 - inputs are those other than quoted prices included within Level 1 that are observable for
the asset or liability, either directly or indirectly, as of the reporting date.

The Company determines Level 2 fair values for debt securities and derivatives using discounted
cash flow techniques, which use contractual cash flows and market-related discount rates.

Level 2 fair values for commodity derivatives are determined using inputs other than unadjusted
quoted prices that are observable for the asset or liability, either directly (i.e. as prices) or indirectly

62
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

(i.e., derived from prices). Level 2 includes bilateral and over-the-counter contracts valued using
interpolation from observable forward curves or broker quotes from active markets for similar
instruments and other publicly available data, and options valued using industry-standard and
accepted models incorporating only observable data inputs.

 Level 3 - inputs are those that are not based on observable market data. Level 3 fair values for
commodity derivatives are determined using inputs that are based on significant unobservable
inputs.

Level 3 includes instruments valued using observable prices adjusted for unobservable basis
differentials such as delivery location and product quality, instruments which are valued by
extrapolation of observable market information into periods for which observable market
information is not yet available, and instruments valued using internally developed or non-standard
valuation models.

The following tables present the financial instruments measured at fair value for each hierarchy level as at
March 31, 2023 and 2022:

As at March 31, 2023 (in millions) Level 1 Level 2 Level 3 Total


Total financial assets carried at fair value:
Short-term investments $ 70 $ - $ - $ 70
Derivatives designated as hedges - 29 - 29
Derivatives not designated as hedges 409 218 157 784
$ 479 $ 247 $ 157 $ 883

As at March 31, 2023 (in millions) Level 1 Level 2 Level 3 Total


Total financial liabilities carried at fair value:
Derivatives designated as hedges $ - $ (34) $ - $ (34)
Derivatives not designated as hedges (195) (158) (412) $ (765)
$ (195) $ (192) $ (412) $ (799)

63
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

As at March 31, 2022 (in millions) Level 1 Level 2 Level 3 Total


Total financial assets carried at fair value:
Short-term investments $ 72 $ - $ - $ 72
Derivatives designated as hedges - 19 - 19
Derivatives not designated as hedges 255 209 74 538
$ 327 $ 228 $ 74 $ 629

As at March 31, 2022 (in millions) Level 1 Level 2 Level 3 Total


Total financial liabilities carried at fair value:
Derivatives designated as hedges $ - $ (42) $ - $ (42)
Derivatives not designated as hedges (141) (65) (157) (363)
$ (141) $ (107) $ (157) $ (405)

The Company’s policy is to recognize level transfers at the end of each period during which the change
occurred. During the year, commodity derivatives with a carrying amount of $6 million (2022 - $2 million)
were transferred from Level 2 to Level 1.

The following table reconciles the changes in the balance of financial instruments carried at fair value on
the consolidated statement of financial position, classified as Level 3, for the years ended March 31, 2023
and 2022:

(in millions)
Balance as at April 1, 2022 $ (83)
Net loss recognized (232)
New transactions 56
Existing transactions settled 4
Balance as at March 31, 2023 $ (255)

(in millions)
Balance as at April 1, 2021 $ (69)
Net loss recognized 24
New transactions (11)
Existing transactions settled (27)
Balance as at March 31, 2022 $ (83)

During the year, no commodity derivatives (2022– no transfers) were transferred between Level 2 to Level
3.

During the year ended March 31, 2023, unrealized losses of $246 million (2022 – losses of $12 million)
were recognized on Level 3 derivative commodity financial instruments still on hand. These gains and
losses were recognized in trade revenues.

64
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

Methodologies and procedures regarding commodity trading Level 3 fair value measurements are
determined by the Company’s risk management group. Level 3 fair values are calculated within the
Company’s risk management policies for trading activities based on underlying contractual data as well as
observable and non-observable inputs. To ensure reasonability, Level 3 fair value measurements are
reviewed and validated by risk management and finance departments on a regular basis.

The key unobservable inputs in the valuation of certain Level 3 financial instruments includes components
of forward commodity prices and delivery or receipt volumes. A sensitivity analysis was prepared using
the Company’s assessment of a reasonably possible change in various components of forward prices and
volumes of 10 percent. Forward commodity prices used in determining Level 3 base fair value at March 31,
2023 range between $0-$665 per MwH and a 10 percent increase/decrease in certain components of these
prices would decrease/increase fair value by $41 million. A 10 percent change in estimated volumes used
in determining Level 3 fair value would increase/decrease fair value by $1 million.

Note 24: Other Non-Current Liabilities

March 31, March 31,


(in millions) 2023 2022
Provisions
Environmental liabilities $ 270 $ 296
Decommissioning obligations 70 80
Other 39 31
379 407
First Nations liabilities 452 419
Other contributions 221 225
Other liabilities 432 416
1,484 1,467
Less: Current portion, included in accounts payable and accrued liabilities (130) (112)
$ 1,354 $ 1,355

Changes in each class of provision during the financial year are set out below:

65
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

(in millions) Environmental Decommissioning Other Total


Balance at April 1, 2021 $ 326 $ 87 $ 63 $ 476
Made during the period 15 - 7 22
Used during the period (46) (4) (26) (76)
Changes in estimate (4) (5) (13) (22)
Accretion 5 2 - 7
Balance at March 31, 2022 $ 296 $ 80 $ 31 $ 407
Made during the period 9 - 9 18
Used during the period (51) (7) (2) (60)
Changes in estimate 9 (5) 1 5
Accretion 7 2 - 9
Balance at March 31, 2023 $ 270 $ 70 $ 39 $ 379

Environmental Liabilities
The Company has recorded a liability for the estimated future environmental expenditures related to
present or past activities of the Company. The Company’s recorded liability is based on management’s best
estimate of the present value of the future expenditures expected to be required to comply with existing
regulations. There are uncertainties in estimating future environmental costs due to potential external
events such as changes in legislation or regulations and advances in remediation technologies. All factors
used in estimating the Company’s environmental liabilities represent management’s best estimates of the
present value of costs required to meet existing legislation or regulations. Estimated environmental
liabilities are reviewed annually or more frequently if significant changes in regulation or other relevant
factors occur. Estimate changes are accounted for prospectively.

At March 31, 2023, the undiscounted cash flow related to the Company’s environmental liabilities, which
will be incurred between fiscal 2024 and 2045, is approximately $340 million and was determined based on
current cost estimates. A range of discount rates between 2.9 per cent and 3.1 per cent were used to
calculate the net present value of the obligations.

Decommissioning Obligations
The Company’s decommissioning obligation provision consists of estimated removal and destruction costs
associated with certain PCB and asbestos contaminated assets and certain submarine cables. The Company
has determined its best estimate of the undiscounted amount of cash flows required to settle remediation
obligations at $103 million (2022 - $107 million), which will be settled between fiscal 2024 and 2053. The
undiscounted cash flows, discounted by a range of discount rates between 2.9 per cent and 3.1 per cent,
were used to calculate the net present value of the obligations. The obligations are re-measured at each
period end to reflect changes in estimated cash flows and discount rates.

First Nations Liabilities


The First Nations liabilities consist primarily of settlement costs related to agreements reached with various
First Nations groups. First Nations liabilities are recorded as financial liabilities and are measured at fair
value on initial recognition with future contractual cash flows being discounted at rates ranging from 4.4
per cent to 5.0 per cent. These liabilities are measured at amortized cost and not re-measured for changes in
discount rates. The First Nations liabilities are non-interest bearing.

66
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

Other Contributions
Other contributions consist of contribution from a vendor to aid in the construction of a transmission
system. Contributions include payment received and also contributions to be received (refer to Note 14)
and are being recognized as an offset to the applicable energy purchase costs over the life of the energy
purchase agreement.

Other Liabilities
Other liabilities mainly include a contractual obligation associated with the construction of a capital
project. This contractual obligation has an implicit interest rate of 7 per cent and a repayment term of 15
years commencing in fiscal 2019. This liability is measured at amortized cost and not re-measured for
changes in discount rates. In addition, other liabilities also include long-term payables to other goods and
service providers.

Note 25: Commitments and Contingencies


Energy Commitments
BC Hydro (excluding Powerex) has long-term energy and capacity purchase contracts to meet a portion of
its expected future domestic electricity requirements. The expected obligations to purchase energy under
these contracts have a total value of approximately $45.61 billion of which approximately $65 million
relates to the purchase of natural gas, natural gas transportation contracts and wheeling agreements. The
remaining commitments are at predetermined prices.

Included in the total value of the long-term energy purchase agreements is $1.89 billion accounted for as a
lease liability under Note 19. The total BC Hydro combined payments are estimated to be approximately
$1.60 billion for less than one year, $6.60 billion between one and five years, and $37.41 billion for more
than five years.

Powerex has energy purchase commitments with an estimated minimum payment obligation of $6.97
billion extending to 2053. The total Powerex energy purchase commitments are estimated to be
approximately $1.11 billion for less than one year, $2.92 billion between one and five years, and $2.94
billion for more than five years.

Powerex has energy sales commitments of $2.33 billion extending to 2032 with estimated amounts of
$1.30 billion for less than one year, $980 million between one and five years, and $47 million for more
than five years.

Lease and Service Agreements


The Company has entered into various agreements to lease facilities or assets or service agreements
supporting operations. The agreements cover periods of up to 99 years, and the aggregate minimum
payments are approximately $1.09 billion. Included in the total value of the lease agreements is $144
million accounted for as a lease liability under Note 19. Payments are $55 million for less than one year,
$168 million between one and five years, and $866 million for more than five years.

Refer to Note 11 for commitments pertaining to major property, plant and equipment projects.

67
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

Contingencies and Guarantees


a) Facilities and Rights of Way: the Company is subject to existing and pending legal claims relating
to alleged infringement and damages in the operation and use of facilities owned by the Company.
These claims may be resolved unfavourably with respect to the Company and may have a
significant adverse effect on the Company’s financial position. For existing claims in respect of
which settlement negotiations have advanced to the extent that potential settlement amounts can
reasonably be predicted, management has recorded a liability for the potential costs of those
settlements. For pending claims, management believes that there is a risk that any loss exposure that
may ultimately be incurred may differ materially from management’s current estimates.
Management has not disclosed the ranges of expected outcomes due to the potentially adverse
effect on the negotiation process for these claims.

b) Due to the size, complexity and nature of the Company’s operations, various other legal matters are
pending. It is not possible at this time to predict with any certainty the outcome of such litigation.
Management believes that any settlements related to these matters will not have a material effect on
the Company’s consolidated financial position or results of operations.

c) The Company and its subsidiaries have outstanding letters of credit totaling $0.13 billion (2022 -
$1.36 billion). The 2022 comparative figure include amounts provided by the Company to secure
pension plan solvency deficiency payments related to the registered pension plan, which was no
longer required in 2023. The total outstanding letters of credit also includes US $20 million (2022 -
US $15 million) in foreign denominated letters of credit.

Note 26: Related Party Transactions


Subsidiaries
The principal subsidiaries of BC Hydro are Powerex and Powertech.

All companies are wholly owned and incorporated in Canada and all ownership is in the form of common
shares. Operating out of Vancouver, BC, Canada, Powerex is an energy marketer, whose activities include
trading wholesale power, environmental products (renewable energy credits or other similar products),
carbon products (allowances and other similar products), natural gas, ancillary services, and financial
energy products in North America. Powertech offers services to solve technical problems with power
equipment and systems in Canada and throughout the world.

All intercompany transactions and balances are eliminated upon consolidation.

Related Parties
As a Crown Corporation, the Company and the Province, including all ministries, crown corporations and
agencies under the Province’s control are considered related parties. All transactions between the Company
and its related parties are considered to possess commercial substance and are consequently recorded at the
exchange amount, which is the amount of consideration established and agreed to by the related parties.

The related party transactions are summarized below:

68
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

March 31, March 31,


(in millions) 2023 2022
Consolidated Statement of Financial Position
Prepaid expenses $ 109 $ 101
Right-of-use assets 1,204 1,217
Accounts payable and accrued liabilities 112 78
Lease liabilities 1,342 1,344

2023 2022
Amounts incurred/accrued during the year include:
Water rental fees 358 345
Cost of energy 419 263
Grants and Taxes 159 152
Interest 874 786
Derivatives (287) 162
Lease payments 102 100
Other 75 111

The Company’s debt is either held or guaranteed by the Province (see Note 17). Under an agreement with
the Province, the Company indemnifies the Province for any credit losses incurred by the Province related
to interest rate and foreign currency contracts entered into by the Province on the Company’s behalf. As at
March 31, 2023, the aggregate exposure under this indemnity totaled $229 million (2022 - $201 million).
The Company has not experienced any losses to date under this indemnity.

The Site C Project requires the realignment of six segments of Highway 29 with a total length of
approximately 30 kilometers. The highway re-alignment activities are needed for reservoir inundation
which is required prior to the first generating unit in service forecasted for December 2024. The Province
(Ministry of Transportation and Infrastructure) maintains effective control over the highway during the re-
alignment activities and after these activities are complete. During fiscal year 2023, BC Hydro incurred
total costs of approximately $103 million (2022 – $190 million) on highway re-alignment activities, of
which $61 million (2022 - $104 million) was paid directly to the Province. As of March 31, 2023, all six
segments of Highway 29, including the new bridges, have been opened to traffic and are being operated by
the Ministry of Transportation and Infrastructure.

BC Hydro is a Part 3 Fuel Supplier of British Columbia’s low carbon fuel standard program and as a
participant receives Low Carbon Fuel Credits from the Province, and these are sold through a public
auction process.

All other transactions with the Province, including all ministries, crown corporations and agencies under
the Province’s control occurred in the normal course of operations, and are not considered to be
individually or collectively significant.

69
British Columbia Hydro and Power Authority
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED MARCH 31, 2023 AND 2022

Key Management Personnel and Board Compensation

Key management personnel and board compensation includes compensation to the Company’s executive
management team and board of directors.

(in millions) 2023 2022


Short-term employee benefits $ 5 $ 4
Post-employment benefits 2 2

70
BRITISH COLUMBIA HYDRO AND POWER AUTHORITY
AND ITS SUBSIDIARIES POWERTECH LABS & POWEREX CORP.
SCHEDULE OF REMUNERATION AND EXPENSES
BOARD OF DIRECTORS
FISCAL YEAR ENDED MARCH 31, 2023
NUMBER OF FULL DAY
RETAINERS ($)1 MEETING FEES ($)1 TOTAL
MEETINGS ATTENDED1
NAME POSITION REMUNERATION EXPENSES ($)
($)
BC Hydro Powertech Powerex BC Hydro Powertech Powerex BC Hydro Powertech Powerex

Allen, Doug Chair, Board of Directors 30,000 67,500 90 97,500 5,184


Boggio, Len Director, Board of Directors 11,250 18,000 40,125 900
(ceased Dec. 31, 2022)
Chair, Audit, Finance & Capital 3,750
Committee 24 3.5
(ceased Dec. 31, 2022)
Director, Powerex Board of Directors 4,500 2,625
(ceased Dec. 31, 2022)
Drier, Sam Director, Powerex Board of Directors 12,000 2,813 21,000
Chair, Powerex Audit & Risk 3,000 3,187 8
Management Committee
DuJohn, Lynette Director, Board of Directors 15,000 19,875 35,625 2,379
Chair, Operations, Planning & IT 750 26.5
(appointed Jan. 1, 2023)
Fields, Daryl Director, Board of Directors 15,000 28,500 46,500 2,555
38
Chair, Strategy Oversight Committee 3,000
Hobson, Amanda Director, Board of Directors 11,917 26,667 41,209 14,774
(appointed May. 6, 2022)
36 1.5
Director, Powerex Board of Directors 1,500 1,125
(appointed Jan. 1, 2023)
Lanzinger, Irene Director, Board of Directors 15,000 21,375 39,375 2,114
Chair, Corporate Governance and ESG 3,000 28.5
Oversight Committee
Louie, Chief Director, Board of Directors 15,000 14,250 29,250 4,936
19
Clarence
Mauritz, Marilyn Director, Powerex Board of Directors 12,000 4,125 5.5 16,125 56
McMillan, Victoria Director, Board of Directors 15,000 24,750 41,000 4,785
Chair, Audit, Finance & Capital 1,250
33
Committee
(appointed Jan. 1, 2023)
Morin, Nalaine Director, Board of Directors 15,000 19,500 39,000 7,465
Chair, People & Culture Committee 3,000
26
Chair, Peace Williston Advisor Committee 1,500
(appointed Oct. 1, 2022)
Navaratnam, Vasee Director, Board of Directors 15,000 21,000 43,875 1,353
28 6.5
Director, Powertech Board of Directors 3,000 4,875
Nunn, John Director, Board of Directors 15,000 18,750 41,250 2,807
25 6
Director, Powertech Board of Directors 3,000 4,500
Roome, Catherine Director, Board of Directors 15,000 22,500 59,625 1,544
30 9.5
Chair, Powerex Board of Directors 15,000 7,125
Sanderson, Chris Director, Board of Directors 11,250 15,000 28,500 1,574
(ceased Dec. 31, 2022)
Chair, Operations, Planning & IT 2,250 20
Committee
(ceased Dec. 31, 2022)
Wanamaker, Lori Director, Board of Directors 2,041
(appointed Jan. 1, 2023)²
GRAND TOTAL $ 217,917 $ 6,000 $ 48,000 $ 317,667 $ 9,375 $ 21,000 $ 619,959 $ 54,467

1
Note that retainers, meeting fee amounts and maximum number of full day meeting fees are set by Treasury Board Directive 2/20 (linked below). Meeting fees are paid $750 per day and $375 per half day with a threshold of 4 hours to become a full day.
For Fiscal 2023, BC Hydro was granted a temporary increase in the maximum number of annual meeting fees for the Board Chair and Directors to a maximum of 90 meetings for the Board Chair and 45 for Directors.
Treasury Board Directive: Remuneration Guidelines for Appointees to Crown Agency Boards (gov.bc.ca)

² Note that Director Wanamaker has waived her fees for the reporting period and accordigly received no retainer or meeting fee compensation.

71
BRITISH COLUMBIA HYDRO AND POWER AUTHORITY

SCHEDULE OF DEBTS

A listing of debts and sinking funds can be found in Notes 14 and 17 of the Audited
Consolidated Financial Statements contained within this report.

There were no long-term debts secured by BC Hydro at March 31, 2023.

72
BRITISH COLUMBIA HYDRO AND POWER AUTHORITY

SCHEDULE OF GUARANTEE AND INDEMNITY AGREEMENTS AS AT MARCH 31, 2023

List of Indemnities approved by the Risk Management Branch^


Name of Company/Indemnified Party

Aquila Networks Canada (British Columbia) Ltd. and Teck Cominco Metals Ltd.
Bank of Montreal
Columbia Basin Broadband Corporation and Teck Metals Ltd.
Columbia Power Corporation/Columbia Basin Trust*
Her Majesty the Queen in Right of Canada
Her Majesty the Queen in Right of the Province of British Columbia and Cominco Ltd.
Her Majesty the Queen in Right of the Province of British Columbia and Teck Metals Ltd.
Royal Trust Corporation of Canada
T&N PLC and J.W. Roberts Limited
Teck Cominco Metals Ltd. and FortisBC Inc.
Teck Metals Ltd. (7 indemnities)
Teck Metals Ltd. and FortisBC Inc. (2 indemnities)
Teck Metals Ltd., Teck Resources Limited and Teck American Limited
The Toronto-Dominion Bank
Waneta Holdings (US) Inc., Teck Resources Limited and TCAI Inc.
Waneta Expansion General Partner Ltd. (3 indemnities)

^ Indemnity amounts are unlimited, unless specified.


* This Indemnity was approved by the Minister of Finance.

List of Indemnity Agreements issued through a process that received prior approval by Government^*
Name of Company/Indemnified Party
Bank of Montreal $1,094.72
Bank of Montreal
Bank of Nova Scotia $446,800.00
Bank of Nova Scotia $544,133.32
CQ Energy Canada Resources Partnership
Her Majesty the Queen in Right of Canada
National Defence (Public Works and Government Services Canada) $5,126.14
Public Works and Government Services Canada $3,965.11
Sun Life Assurance Company of Canada $182,500.00
The Bank of Tokyo-Mitsubishi UFJ Ltd. USD 1,466,795.00
The Board of Education of School District No. 39 (Vancouver)
BC Hydro provides each Director on the Board of Directors, and each executive on the
Management Executive Team, with a full indemnity under an indemnity agreement.

^ Indemnity amounts are unlimited, unless specified.


* The Indemnity Agreements described in this section include those agreements that have the dominant purpose of indemnification
and does not include those agreements where the dominant purpose of the agreement is not indemnification.

List of Guarantees issued through a process that received prior approval by Government

Stellar J Corporation (on behalf of its subsidiary, Powertech Labs Inc.) USD $675,000.00

BC Hydro has issued guarantees on behalf of its subsidiary, Powerex Corp. BC Hydro has not disclosed information related to these
guarantees as doing so would cause harm to third-party business interests and BC Hydro's economic interests.
73
BRITISH COLUMBIA HYDRO AND POWER AUTHORITY

SCHEDULE OF REMUNERATION AND EXPENSES

STATEMENT OF SEVERANCE AGREEMENTS

During the fiscal year ended March 31, 2023, there were 13 severance agreements made
between British Columbia Hydro and Power Authority and its non-unionized employees.
These agreements represented from 2 weeks to 15 months compensation.

GENERAL

The schedule of remuneration paid to employees during the year ended March 31, 2023lists
gross remuneration which can include base salary, overtime, timebank payouts, LQFHQWLYH
SD\PHQWV, benefit payouts and other cash payments (e.g. shift premiums).

74
BRITISH COLUMBIA HYDRO AND POWER AUTHORITY
Schedule of Remuneration Paid to Employees and Expenses Paid to or Page No: 1 of 84
on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

E Abasta 86,510 13,450 L Adiputra 124,652 756


SH Abbas 134,581 1,691 KL Aeichele 180,404 4,536
IA Abbasi 138,505 558 TL Aeichele 115,915 45
SK Abbey 235,940 6,592 M Afloarei 99,808 76
BR Abbott 94,188 48,388 KC Agbanlog 146,889 1,817
CJ Abbott 212,460 296 G Agnish 104,547 43
JD Abbott 138,105 997 A Agrawal 83,169 763
A Abdalla 156,182 1,651 DD Aguiar 101,782 1,525
MI Abdulla 179,500 7,644 MS Aguiar 106,486 2,045
A Abdullahi 171,391 8,066 JG Agustin 129,968 50
U Abid 102,552 608 MS Ahluwalia 85,446 0
M Ablog 91,559 224 H Ahmadi 140,952 4,145
M Aboughoury 174,325 2,170 Y Ahmed 84,248 0
J Abraham 101,959 226 I Ahsan 116,095 2,646
A Abusbeaa 111,573 494 LR Aird 180,458 1,256
LS Abutaleb 126,136 164 ZS Aird 163,345 11,705
DC Acebedo 123,039 494 I Akbari Soltanieh 109,265 0
OP Acharya 78,515 175 GW Akerman 146,111 26,256
JD Acland 181,168 10,480 TL Akeroyd 137,177 11,935
RL Adair 123,808 1,982 M Akhtary 95,017 3,133
RM Adam 125,725 0 J Akinpelu 93,350 2,264
AR Adams 143,171 5,408 JP Akkerman 112,045 416
BS Adams 192,043 1,312 D Aksenchuk 110,991 0
DW Adams 140,880 9,792 R Albernaz Alves 110,241 15,879
E Adams 104,540 74 MA Albinto 143,712 43,534
JC Adams 206,980 507 DS Albion 104,098 2,835
TD Adams 178,631 12,399 SA Albrecher 103,270 6,116
R Addink 101,336 33 SM Albrechtsen 93,953 0
DA Addison 92,647 326 RM Aldridge 86,556 19,891
KO Addo 195,337 13,417 V Aleshchenko 138,654 9,692
AO Adeleye 141,732 3,495 LG Alexander 87,437 0
S Adewole 143,395 25,940 MO Alexander 187,036 12,755
A Adeyemi 111,377 1,015 DG Alexandrescu 89,987 100
U Adikaram 126,464 1,628 GT Alexis 184,045 5,486

75
BRITISH COLUMBIA HYDRO AND POWER AUTHORITY
Schedule of Remuneration Paid to Employees and Expenses Paid to or Page No: 2 of 84
on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

DE Alger 81,708 1,050 MV Andersen 83,568 3,896


N Al-Hajjar 106,108 24,414 MW Andersen 109,368 234
G Alho 136,797 713 VS Andersen 80,978 150
J Ali 135,128 2,388 BE Anderson 99,539 6,776
KF Alibo 76,894 2,825 CR Anderson 140,664 100
A Allanigue 162,411 884 GJ Anderson 146,680 476
JS Allard 171,777 30,243 IR Anderson 132,372 193
KC Allard 114,013 2,507 J Anderson 177,424 3,226
EH Alle 88,978 290 KK Anderson 306,528 7,942
BD Allen 113,794 30,602 KL Anderson 90,262 1,050
GM Allen 140,646 8,515 KL Anderson 89,119 254
J Allen 129,413 0 L Anderson 137,615 3,078
MP Allen 183,698 1,687 LG Anderson 114,056 327
T Allen 168,605 1,771 MC Anderson 135,689 34,809
JR Allen-Garbutt 81,334 20 NJ Anderson 101,772 32,493
LB Allen-Garbutt 121,096 1,716 SG Anderson 109,017 8,561
NM Allinson 122,390 1,534 SJ Anderson 114,245 55,979
R Allshorn 85,754 0 WM Anderson 112,553 277
J Almonidovar 159,579 1,881 R Anderton 77,006 114
JM Alquiza 77,445 5,099 LM Andrade 106,143 1,201
BP Alsop 120,205 123 P Andrade Fairey 129,316 433
DT Alsop 150,333 0 DR Andre 84,513 56
HF Alvarado 151,813 10,724 A Andreoiu 145,365 3,410
MA Alvarez 114,318 724 S Andretti 134,573 2,976
BD Ambrosi 168,855 4,084 BD Andrews 89,601 3,934
B Amer 166,470 559 TB Andrews 153,237 20,882
CA Ames 168,931 -3,034 RG Angman 146,881 12,804
MR Ames 209,270 1,168 M Angrignon 161,808 7,721
M Amin 153,757 494 SC Angrignon 126,427 2,225
F Amjadi 163,123 797 R Angus 207,574 1,624
Y An 131,142 694 A Anilkumar Prabha 78,535 432
CW Anderlini 135,617 1,525 A Ansari 129,991 818
GR Anderlini 147,455 2,491 YA Ansari 102,832 2,000
AC Andersen 149,247 2,058 I Antonenko 123,992 3,790
EL Andersen 144,670 59,211 VB Antoniades 198,501 0

76
BRITISH COLUMBIA HYDRO AND POWER AUTHORITY
Schedule of Remuneration Paid to Employees and Expenses Paid to or Page No: 3 of 84
on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

RM Antonishen 241,485 10,359 KS Assaf 147,873 240


T Aoki 125,862 32,765 JN Astles 150,963 6,029
AL Apellanes 107,904 3,577 T Astono 119,779 0
AR Apolzer 128,043 526 T Astra 118,790 136
JF Apolzer 78,751 250 M Atabaki Far 147,423 1,796
K Aquino 107,909 1,539 D Atanackovic 184,405 7,002
GD Arbez 171,201 1,092 M Athari-Anaraki 97,869 809
RN Arce 80,885 0 M Ather 117,049 10,789
CL Archibald Carson 147,758 202 AJ Atherton 113,679 14,644
A Arefiardakani 90,187 2,349 BJ Atherton 139,940 8,789
IF Arinduque 181,840 6,439 LK Atkinson 90,269 0
RT Arkinstall 106,499 544 J Atwal 88,249 50
TM Armatage 233,109 2,846 A Au 117,662 5,201
EC Armellini 97,660 0 JS Aujla 157,516 5,730
HK Armstrong 109,301 2,623 MK Aujla 151,962 1,851
CJ Arnason 138,304 1,633 N Aujla 120,112 2,295
N Arnaut 124,575 7,868 GM Aung Thin 173,844 3,215
T Arndt 96,236 5,211 C Aurala 82,003 1,045
TG Arndt 96,342 20,964 N Avdic 142,374 2,583
DJ Arnold 170,404 828 TA Avender 173,566 61,480
GL Arnold 146,714 0 GS Awal 131,064 668
KW Arnold 134,079 1,566 Y Awan 135,966 763
DA Arnott 141,424 1,470 HM Ayach 131,177 23,715
DN Arriagada 129,614 10 A Ayad 129,032 683
M Arshad 200,432 10,396 YC Aye 94,730 50
M Arshad 117,352 2,680 RL Ayers 133,773 0
H Asgharpour 128,207 631 T Azad 130,265 5,457
TJ Ashman 116,543 615 F Azampour 137,838 3,328
CJ Ashton 107,179 50 A Azarpajouh 117,074 1,751
EJ Ashton 95,481 557 TL Babcock 90,630 1,000
D Ashwell 101,285 1,314 RL Babic 113,412 1,450
M Askarbayova 192,874 20,648 KJ Babiy 170,351 406
CA Aslin 154,108 2,306 KL Babkirk 114,007 624
BP Aspell 210,430 56,732 SA Bacchus 100,291 100
A Assadipour 132,519 1,085 RW Back 226,930 14,885

77
BRITISH COLUMBIA HYDRO AND POWER AUTHORITY
Schedule of Remuneration Paid to Employees and Expenses Paid to or Page No: 4 of 84
on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

TL Bacon 120,145 14,166 GD Balfour 192,933 12,788


RS Badial 144,660 4,442 GE Balk 163,520 13,667
SS Badyal 161,834 976 AL Ball 102,986 377
MU Baga 121,687 2,936 LM Balla Curti 86,074 100
D Bagha 91,354 110 CF Ballantyne 110,503 1,907
HS Bahra 100,001 12,319 L Ballard 92,353 0
T Bahrami 107,744 3,131 ZA Balogh 170,485 0
BM Bahre 151,002 3,132 EK Baloy 100,624 0
A Bahrman 229,508 18,003 MJ Baloy 79,185 737
M Bai 102,516 3,592 NM Baltar 82,953 998
JT Bailey 79,419 5,153 C Balutescu 141,459 494
RE Bailey 161,198 2,678 DC Balutescu 129,983 2,123
SE Bailey 147,467 1,471 LA Bandelin 189,910 3,892
SD Bailie 142,109 2,279 R Banerjee 124,046 49
D Bains 150,095 2,531 TK Banerjee 256,575 16,040
HS Bains 156,913 661 IA Banica 137,675 3,127
JK Bains 136,531 6,049 L Bao 139,912 494
KS Bains 94,159 451 Y Bao 154,233 783
N Bains 101,833 1,345 FA Baouya 129,989 764
PK Bains 193,840 14,080 JM Bapty 103,934 7,227
D Bairstow 168,054 7,213 A Baradaran 80,088 1,059
B Baker 104,641 899 SA Barber 108,040 748
BG Baker 131,608 200 SR Barbour 175,177 3,879
BR Baker 82,163 0 JS Barcelona 102,614 0
DE Baker 92,042 3,498 TM Bare 200,560 10,084
JA Baker 173,670 7,933 JR Barham 96,677 0
KL Baker 143,318 102 MC Bariesheff 185,928 10,720
RJ Baker 130,959 76 RJ Barilea 155,373 3,405
BS Bal 125,332 272 DA Barisoff 93,114 451
RS Bal 234,178 15,282 W Barkhouse 151,302 3,488
SC Balabanov 106,945 280 LR Barkman 95,764 256
JW Balback 78,238 2,194 BW Barnes 233,030 15,874
FM Baldassi 85,835 50 MA Barnes 210,367 13,520
D Balea 127,121 705 SJ Barnes 155,787 48
MA Balea 163,329 10,272 KR Barnett 222,543 58,744

78
BRITISH COLUMBIA HYDRO AND POWER AUTHORITY
Schedule of Remuneration Paid to Employees and Expenses Paid to or Page No: 5 of 84
on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

MJ Barnette 163,281 26,373 NG Beattie 134,225 53


JJ Barr 229,832 68,251 AM Beauchamp 77,028 10,969
FJ Barragan 145,806 3,103 CJ Beauchamp 157,175 6,068
SW Barrett 92,541 3,298 JF Beauchamp 190,476 994
AH Barrette 78,153 1,706 M Beauchemin 106,640 285
WR Barrie 163,202 8,097 MT Beaulieu 110,728 350
PJ Bartley 121,215 3,883 GO Beaumont 122,950 0
SM Bartolomeu 93,411 0 RJ Beaumont 118,690 2,186
M Bartolone 84,701 25 NA Bebber 247,104 17,024
RD Bartusek 148,774 2,033 B Becer 154,419 794
J Bas 94,750 126 A Beck 94,341 1,858
LO Bashualdo 125,805 494 K Beck 136,784 150
AS Basra 122,510 0 DB Becker 141,118 34,148
M Bassianiotis 81,324 0 SJ Becker 79,737 0
O Bastian 157,909 1,330 DC Beckstrom 79,412 546
SR Bates 97,666 0 C Bedard 100,048 1,355
V Batinovic 106,440 2,161 SJ Bednar 132,958 2,376
B Batkovic 86,226 50 EL Beebe 157,651 0
RM Bauer 140,898 0 CE Beers 114,624 6,163
EA Bautista 151,605 139 MA Beese 158,929 6,283
TM Bavaro 80,871 0 GJ Beggs 119,801 2,240
J Bawa 142,609 2,825 S Behboodi Kalhori 115,969 1,335
S Bawab 125,263 24,139 S Behnam Malekzadeh 192,858 27,848
CJ Baxter 130,582 16,022 W Beisiegel 127,062 2,562
LJ Baxter 240,323 1,020 MJ Belansky 175,159 0
RA Baxter 109,490 6,032 LM Belcourt 117,024 8,001
M Bayatli 129,214 175 TG Beley 121,989 10,364
RD Baybay, Jr. 80,775 0 AS Bell 119,431 1,152
OJ Baycroft 137,747 0 DE Bell 135,354 7,681
SM Baylis 183,496 2,792 DL Bell 134,233 4,090
J Beadle 93,111 11,057 HJ Bell 113,006 1,994
DG Bear 176,055 4,397 KW Bell 161,206 171
L Beardsell 185,976 280 MD Bell 88,595 1,247
RJ Beato 150,925 13,889 S Bell 190,026 30,787
GP Beaton 201,207 3,753 WG Bell 192,801 300

79
BRITISH COLUMBIA HYDRO AND POWER AUTHORITY
Schedule of Remuneration Paid to Employees and Expenses Paid to or Page No: 6 of 84
on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

TO Bellavie 79,480 408 DR Bergsma 135,158 3,613


S Bellehumeur 134,644 9,859 R Bergsma 102,070 156
MC Bellis 173,737 32,445 DJ Berisoff 122,288 2,016
A Bello 102,923 2,805 AB Berkelaar 83,801 30,799
S Belsey 157,021 489 BE Berkelaar 231,950 44,377
LM Bemister 144,928 17,071 SS Berkelaar 97,854 1,996
SL Benay 261,565 14,556 ML Berkey 164,053 3,227
B Benjamin 196,047 10,499 MJ Bernacki 129,470 38,397
QJ Benjamin 171,463 16,535 MA Bernard 103,907 9,956
SM Benjamin 161,881 494 L Bernrot 116,314 4,287
AP Bennett 147,128 160 MT Berrisford 141,731 17,979
DR Bennett 101,641 292 MJ Berry 131,707 1,050
J Bennett 180,664 6,483 TJ Berry 117,344 7,339
MT Bennett 90,639 0 JJ Besic 119,648 6,898
CN Benson 116,191 4,227 JM Bessey 224,425 3,103
JP Benson 179,846 11,375 K Bester 131,719 7,053
LC Bentsen 196,088 66,312 J Bestwick 76,786 1,768
T Benzinger 174,575 1,177 TJ Beswick 136,304 0
DW Berard 172,997 40,766 VD Bevacqua 164,848 1,121
LR Berard 260,606 416 MS Bezembinder 80,594 0
MG Berard 169,361 273 SK Bhandal 131,411 2,653
J Berdusco 100,586 2,272 JS Bhanot 126,241 494
DV Beresnev 119,547 5,996 PS Bhathal 96,609 50
DE Berg 89,142 3,932 NN Bhatt 114,504 9,806
MJ Berg 135,213 3,058 BS Bhatti 120,639 736
MJ Berg 95,740 444 S Bhaukaurally 106,803 1,050
BB Bergen 169,151 1,355 R Bhayaani 101,915 0
CD Bergen 149,206 17,988 AS Bhoey 88,698 0
CE Bergen 89,050 0 B Bi 120,688 4,753
JP Bergen 93,241 19,283 C Bianco 234,385 6,976
RG Bergen 114,131 4,419 GA Bianowsky 125,710 343
TD Berger 130,944 1,407 CA Biever 157,601 4,622
TG Bergh 246,526 10,972 F Bijani 129,954 1,765
BW Bergman 138,918 19,783 BJ Billey 85,915 0
UH Bergmann 155,181 68 BK Billey 184,037 30,216

80
BRITISH COLUMBIA HYDRO AND POWER AUTHORITY
Schedule of Remuneration Paid to Employees and Expenses Paid to or Page No: 7 of 84
on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

A Bimbhra 149,597 494 AJ Bock 121,052 1,566


M Bing 79,719 4,795 CJ Bock 151,991 725
DR Bird 78,174 0 ND Boeckner 199,364 14,470
SR Bird 141,970 23,544 BW Boese 142,373 3,578
JF Birdsell 111,597 2,510 D Boffy 138,969 3,965
J Birett 128,123 2,797 CV Bohmer 79,489 3,892
C Birkland 93,726 5,596 ML Bohn 157,326 9,063
JL Bishop 121,716 44,988 DA Boisvert 80,935 125
WR Bissat 92,421 0 D Bojanic 138,356 100
MN Bittman 119,534 1,963 PE Bokis 208,431 4,012
DC Bjorkman 130,193 1,735 R Boldt 108,717 1,384
C Bjorknas 125,923 275 BA Bolenback 162,642 1,179
GW Black 163,580 931 C Boltwood 191,347 1,470
OD Black 194,690 223 W Bomediano 94,677 100
DB Blackall 138,413 1,177 CD Bonamis 81,022 290
CD Blackburn 179,457 1,042 R Bondoc 169,501 29,489
MA Blackburn 128,783 489 CF Bonilla Sanchez 141,612 3,469
SW Blackburn 134,603 1,636 DW Bonkowski 107,820 42
M Blackmore 82,516 0 FO Bonnie 161,438 2,942
SM Blackmore 80,269 2,789 JD Bonser 191,552 977
MD Blackstock 114,161 589 MA Boon 119,205 1,762
C Blades 176,774 19,871 D Boone 102,971 701
TJ Blair 144,515 494 JD Booth 161,719 1,924
JL Blake 113,201 3,905 NE Booth 117,222 1,393
T Blanchet 104,821 7,484 RA Booth 167,582 4,743
BE Blanchette 99,662 0 ST Booth 141,756 1,344
GS Bland 144,393 1,809 T Booth 156,143 1,050
MA Blaxland 188,662 3,881 RM Bootsma 143,640 4,937
H Blecker 106,338 0 JF Bootsveld 77,586 0
CW Blokland 136,124 2,578 M Boozari 140,530 1,464
LV Blondin 89,840 26,670 KG Borik 98,409 11,273
TA Blunt 136,426 4,478 DA Born 131,540 3,187
R Blyth 123,567 9,231 R Borowitz 171,181 1,755
F Boccia 178,774 18,209 R Borsoi 166,116 2,598
GR Bochen 79,039 0 DK Boshnakov 118,745 1,594

81
BRITISH COLUMBIA HYDRO AND POWER AUTHORITY
Schedule of Remuneration Paid to Employees and Expenses Paid to or Page No: 8 of 84
on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

K Boskovic 109,241 482 JP Branham 158,918 1,434


MA Bosma 181,010 1,064 TW Brannlund 236,453 0
TJ Bosma 179,186 6,922 SS Brar 96,425 776
T Bottomer 157,746 4,305 PJ Brasleret 164,247 586
PC Boucher 138,796 551 EM Brassard 128,631 3,316
CG Bourdon 101,571 792 A Bratt 160,590 702
SE Bourne 164,029 1,534 DB Braun 113,951 1,202
CA Bouthillier 96,993 1,703 SR Braun 119,090 1,093
RM Boutilier 132,687 100 R Bravo 120,485 1,556
E Bouzari Moghaddam 115,435 22 CW Bray 145,028 16,362
SJ Bowden 155,092 195 KE Bray 111,263 5,083
DM Bowen 158,825 13,105 AJ Breault 173,816 52,732
TM Bowen 108,907 4,067 JE Bremner 123,260 763
PN Bowers 107,690 1,416 EL Brennan 108,259 914
DJ Box 121,151 10,842 TS Brenneis 134,600 30,466
J Boxerman 126,564 13,979 TK Brenton 139,234 7,605
DL Boyce 76,687 0 CM Bretherick 160,891 33,972
AR Boyd 149,077 8,038 MD Breuls 148,589 4,665
IJ Boyd 123,219 6,912 M Brewis 125,961 2,733
KD Boyko 126,879 2,666 CW Bridal 129,421 563
DW Boyle 119,143 26,382 CE Bridges 152,448 2,874
LD Boyle 158,438 332 S Bridgman 234,390 24,229
EB Boyse 151,734 1,595 NJ Brigden 159,586 565
G Bozic 108,648 849 AB Briggs 170,112 2,057
CD Braaten 161,270 247 CW Brinson 134,965 1,097
BR Braconnier 120,551 1,462 RD Brittin 262,497 17,700
A Bradley 128,838 18,378 JN Britton 147,586 225
GD Bradley 139,669 914 H Broad 77,944 1,030
TD Bradley 162,924 3,195 MI Brodie 77,073 1,199
ND Bradshaw 87,999 95 R Brodie 119,892 11,890
A Brah 126,035 190 RT Brodie 144,578 75
MR Braman 135,270 751 DS Brodoway 168,564 11,778
KD Brandon 102,858 3,054 NJ Broers 151,045 2,257
MJ Brandsma 135,136 13,672 DA Bromley 224,296 1,923
H Brandt 148,225 470 E Brooke 117,782 2,945

82
BRITISH COLUMBIA HYDRO AND POWER AUTHORITY
Schedule of Remuneration Paid to Employees and Expenses Paid to or Page No: 9 of 84
on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

JH Brookes 104,490 103 JR Bublitz 159,039 11,150


CD Brooks 243,442 11,595 PN Buchanan 132,833 9,557
DJ Brooks 221,240 5,597 B Bucic 102,546 1,926
DM Brooks 181,954 3,558 MP Buckberry 80,807 27
CB Brough 117,740 602 S Buckner 111,374 1,871
C Broughton 91,123 175 PL Bucy 84,513 0
TF Broughton 194,956 18,717 CB Budalich 131,298 466
AA Brown 130,881 3,548 BE Bueler 105,461 1,096
C Brown 85,184 14 WF Bueschkens 94,974 231
DG Brown 132,697 2,746 MT Buffie 175,734 5,958
JR Brown 226,620 6,162 N Bugarin 110,750 50
JT Brown 155,160 5,942 J Bui 102,006 26
M Brown 78,646 0 J Bui Nguyen 79,187 14,464
MB Brown 140,494 4,628 RG Buller 167,800 1,128
MJ Brown 90,310 500 EK Bulmer 77,762 0
RJ Brown 94,550 1,235 MD Bunnah 179,366 7,826
SJ Brown 148,835 2,923 L Bunting 190,565 314
VA Brown 166,933 5,064 M Bunwait 88,613 583
WT Brown 103,001 1,760 RS Bunwait 122,410 142
CG Browning 196,102 18,658 SS Bunwait 154,472 2,844
SM Brown-Samis 127,299 543 B Buratto 147,836 3,175
JT Bruce 165,145 255 TJ Burch 106,650 1,607
A Bruder 171,765 4,596 MP Burgess 174,714 2,908
GR Brule 133,666 7,369 TM Burgess 179,711 5,920
B Brummelhuis 126,454 4,544 JJ Burke 156,070 16,696
JA Brunet 121,992 5,850 SP Burke 121,673 4,249
D Brunwald 218,609 57,551 KW Burkinshaw 152,532 340
BD Bryan 131,862 1,156 DD Burkitt 161,858 1,067
GD Bryan 82,005 469 NJ Burnett 111,979 5,942
JL Bryan 96,296 0 KW Burns 181,388 5,228
LT Bryan 156,855 8,349 TW Burns 104,088 37,554
CN Bryant 153,478 6,400 N Burroughs 174,439 2,266
S Bryson 115,207 2,254 BL Bursey 80,740 15,739
VL Bryson 127,615 0 EJ Burt 180,719 2,606
L Bu 152,879 838 KD Burton 140,742 4,553

83
BRITISH COLUMBIA HYDRO AND POWER AUTHORITY
Schedule of Remuneration Paid to Employees and Expenses Paid to or Page No: 10 of 84
on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

NM Burton 158,031 3,148 RD Camacho 212,112 22,860


WD Burton 88,562 157 A Cameron 138,872 0
C Bush 174,060 9,710 C Cameron 103,433 1,780
TC Busu 137,155 1,050 DT Cameron 81,779 0
GR Butler 92,627 150 JA Cameron 77,770 0
MB Butt 81,214 0 JS Cameron 126,871 0
MK Butt 152,124 5,259 M Cameron 85,869 0
PG Buttle 176,794 20,409 R Cameron 100,785 9,625
BR Bye 175,340 4,271 TM Cameron 96,034 3,928
CR Byhre 123,583 720 A Campanile 89,658 0
LD Byhre 157,376 2,354 CJ Campbell 154,328 8,660
JD Byle 261,987 13,258 CP Campbell 108,862 2,572
CD Byrne 169,470 13,841 D Campbell 76,579 5,131
BR Byrnell 176,426 95 DA Campbell 203,059 31,791
DJ Byrnell 164,939 3,188 DG Campbell 98,783 258
AR Byrnes 109,397 50 G Campbell 93,256 100
CK Byron 171,697 6,340 JA Campbell 189,067 7,794
J Byron 199,564 1,009 NC Campbell 87,310 1,833
J Cabading 117,000 3,414 TB Campbell 169,523 1,621
RD Cabalo 115,281 1,279 J Campos 134,595 445
J Cacal 99,975 100 J Campos Menchero 156,078 425
SL Caceres 134,800 0 MR Candy 97,275 1,636
WA Cachero 156,551 250 S Canning 240,889 4,133
CT Cadger 187,213 3,602 SE Canning 153,422 4,186
J Caie 126,372 563 AJ Cannon 95,050 1,254
S Calandra-Checco 91,292 1,020 SW Cannon 136,226 23,311
CG Caldarella 245,097 31,732 SR Canton 103,977 470
DW Calder 212,065 10,214 MA Canuel 185,363 41,740
MW Calder 167,946 877 F Cao 89,203 3,909
RM Calderon 137,004 494 S Cao 150,444 7,197
CS Calderwood 82,329 7,638 DB Caponero 127,634 364
DT Callow 119,464 1,050 M Caporale 75,769 452
NA Calma 81,673 0 PS Captein 110,100 0
DW Calvert 185,752 17,950 ML Carbonetto 87,290 788
CL Calvin 107,884 1,050 JS Carbonilla 223,096 4,491

84
BRITISH COLUMBIA HYDRO AND POWER AUTHORITY
Schedule of Remuneration Paid to Employees and Expenses Paid to or Page No: 11 of 84
on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

D Card 120,120 420 ML Cassidy 96,577 0


LJ Cardinal 185,741 18,758 JC Castle 87,461 22,395
FD Cardino 203,591 122 S Catacoli Mosquera 113,257 744
DK Cardno 170,034 1,582 R Catapia 108,107 229
AM Cardona Munoz 129,470 6,505 R Cather 90,021 629
DE Carey 168,495 6,368 NA Catto 168,573 4,449
SL Carifelle 112,747 5,846 B Cave 160,627 23,867
SM Carlaw 225,217 2,003 ET Cave 113,850 5,494
LJ Carleton 125,658 13,691 MR Cayme 159,941 2,804
O Carlisle 92,025 50 ZM Cecic 184,273 4,080
PN Carlton 125,751 19,883 J Ceklic 150,015 1,695
C Carmichael 87,674 9,197 J Cendana 135,651 28,019
DA Carmichael 142,890 322 AP Cereno 100,617 18,831
LJ Carnegie 78,454 2,352 OD Ceron 152,795 50
D Carnochan 180,835 0 JM Chabada 98,405 1,281
AL Carr 137,936 3,290 R Chaisson 145,466 0
WP Carr 133,952 610 D Chakrabarti 169,579 4,049
M Carrasco 89,112 0 S Chakrabarti 120,543 4,831
JE Carruthers 119,493 42,962 E Chalmers 122,817 0
PM Carruthers 93,997 27,166 WT Chalmers 145,705 2,322
AM Carson 83,062 29,696 DM Chambers 148,720 118
LA Carson 130,383 35,162 AS Chan 185,471 0
KI Carston 136,089 4,261 AW Chan 111,856 3,033
AJ Carter 106,753 69,179 BK Chan 75,072 50
CA Carter 127,149 82 C Chan 95,896 4,472
M Carter 213,888 14,945 D Chan 127,672 427
K Cartwright 117,277 3,630 D Chan 116,406 0
CA Casas 115,428 0 DC Chan 120,575 51
CJ Case 84,970 1,090 DC Chan 107,935 118
VH Case 157,339 3,068 DY Chan 149,689 2,502
EJ Cass 84,628 2,433 G Chan 110,525 1,430
MT Casselman 115,426 3,462 GP Chan 178,125 1,443
B Cassels 116,269 762 H Chan 148,183 0
JM Cassibo 162,446 11,771 JN Chan 124,734 0
JA Cassidy 122,349 978 JY Chan 146,812 2,928

85
BRITISH COLUMBIA HYDRO AND POWER AUTHORITY
Schedule of Remuneration Paid to Employees and Expenses Paid to or Page No: 12 of 84
on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

K Chan 127,918 1,061 J Chen 98,803 15


K Chan 115,211 744 J Chen 83,525 1,050
K Chan 120,382 0 K Chen 80,239 20
L Chan 128,473 1,624 L Chen 99,591 3,439
M Chan 111,985 0 L Chen 101,259 0
PS Chan 180,860 509 T Chen 90,392 0
SW Chan 134,825 173 V Chen 120,080 1,101
VW Chan 126,493 430 W Chen 153,967 1,494
W Chan 110,740 376 X Chen 160,812 544
WW Chan 126,409 812 X Chen 176,295 1,826
YC Chan 75,009 0 Y Chen 140,877 544
AC Chang 106,193 2,585 YW Chen 104,766 0
DA Chang 156,222 3,578 B Cheng 120,930 4,313
J Chang 164,745 3,748 C Cheng 77,345 0
PF Chang 124,075 1,921 D Cheng 167,966 649
S Chao 110,848 363 M Cheng 79,750 0
W Chao 147,089 1,439 PA Cheng 125,402 3,400
JM Chapman 114,971 6,347 S Cheng 122,567 1,226
SJ Chapman 127,502 10,221 W Cheng 165,243 614
AS Chappell 163,336 16,863 Z Cheng 102,204 347
MF Charbonneau 96,591 14,361 KJ Chenoweth 150,464 3,001
GJ Charchun 104,603 0 S Cherian 124,575 2,462
AD Charles 96,568 25 LE Cherkezoff 123,250 11,209
CJ Charlesworth 145,118 7,120 S Cherukupalli 197,206 16,932
K Charlesworth 89,374 1,298 B Chessa 174,605 714
NK Chasse 193,178 593 AW Cheung 155,447 3,201
A Chatterjee 204,347 2,716 CK Cheung 102,310 126
M Chau 100,988 50 JA Cheung 90,715 213
L Chawla 76,403 377 G Chhokar 117,200 100
N Cheang 97,683 2,247 PK Chhoker 88,705 1,761
MW Cheater 120,622 0 EW Chia 122,873 172
B Chen 129,926 494 HP Chia 106,978 50
B Chen 160,052 494 A Chiang 174,611 30,031
CI Chen 124,683 265 G Chiang 155,813 15,590
EY Chen 123,612 589 IV Chichkin 194,226 27,856

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BRITISH COLUMBIA HYDRO AND POWER AUTHORITY
Schedule of Remuneration Paid to Employees and Expenses Paid to or Page No: 13 of 84
on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

DC Chicoine 145,228 4,182 WN Chow 147,843 604


AC Childe 85,965 2,620 C Choy 105,826 11,356
C Chin 120,464 476 LN Christensen 117,303 24,038
RT Chin 141,522 115 PR Christensen 75,581 0
S Chiniforoosh 151,741 988 AW Christian 107,747 27,775
KJ Chisholm 140,677 2,522 EG Christian 172,325 2,209
RL Chisholm 136,766 6,509 SA Christian 89,530 0
AK Chiu 99,143 4,469 MR Christianson 180,716 1,931
MO Chiu 149,996 3,758 AA Christie 143,764 7,609
S Chizhikov 99,480 955 EN Christopher 149,863 2,017
AM Cho 132,487 1,435 D Chu 99,954 1,148
D Cho 92,326 1,104 JB Chu 104,459 494
J Cho 84,800 0 T Chu 167,379 0
S Cho 115,814 644 J Chua 137,129 18
AY Choi 124,726 1,040 J Chua 105,275 1,220
H Choi 89,991 0 AH Chung 156,549 670
S Chok 107,776 1,133 C Chung 139,039 1,495
CG Cholewa 91,409 1,909 J Chung 177,246 1,050
GR Chong 111,181 1,050 KL Chunta 79,782 100
J Chong 127,556 1,744 LS Chutskoff 168,242 39
RE Chong 108,160 1,050 SD Chutter 113,405 1,105
JA Chornoluk 151,607 3,874 M Ciccotelli 123,667 7,378
ME Chose 100,669 594 RA Cielen 165,069 938
AL Chou 99,210 1,050 DM Clancy 129,168 6,305
S Chou 160,702 14,128 DJ Clapa 191,146 8,737
CP Choudhury 357,726 8,787 JH Clapauch 153,907 0
A Chow 128,160 7,067 AT Clare 175,586 0
BE Chow 192,320 2,803 DM Clark 176,696 2,558
BW Chow 92,421 291 HJ Clark 106,068 683
GS Chow 103,296 1,019 L Clark 123,821 2,960
JK Chow 115,212 27,959 MC Clark 189,756 8,152
JM Chow 206,526 3,233 ML Clark 94,268 0
KK Chow 105,273 510 R Clark 111,081 12,550
T Chow 107,949 1,100 SG Clark 128,092 3,386
V Chow 142,762 376 BG Clarke 139,509 3,553

87
BRITISH COLUMBIA HYDRO AND POWER AUTHORITY
Schedule of Remuneration Paid to Employees and Expenses Paid to or Page No: 14 of 84
on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

GS Clarke 174,368 436 MD Collingwood 136,225 14


KJ Clarke 193,032 2,054 C Collins 102,336 1,466
LC Clarke 166,115 1,443 CC Collins 108,649 273
PD Clarke 75,118 0 DT Collins 161,002 14,032
ST Clarke 175,185 21,396 TB Collins 218,667 1,806
T Clarke 186,445 49,515 PA Coloma 84,225 100
C Clausen 117,994 74 A Colquhoun 95,866 0
EL Claxton 86,633 3,497 WA Colquhoun 158,523 5,953
BL Clayton 138,443 6,746 D Colwell 98,195 170
D Clayton 188,603 2,243 CE Combs 109,394 8,563
C Clement 223,220 2,412 DR Combs 79,634 1,892
DP Clement 201,620 3,179 RD Combs 94,042 12,140
EM Clement 106,045 2,628 PJ Comeau 78,475 6,135
W Clendinning 232,837 3,462 AT Compton 173,513 636
AG Cleveland 117,999 260 CD Comrie 86,463 3,258
AR Climenhaga 103,548 4,818 NL Condotta 84,987 0
D Clinaz 194,292 5,546 RV Confrey 102,940 744
WG Cline 108,864 129 Y Cong 134,640 620
BN Clish 118,441 0 MH Congdon 156,973 6,961
J Co 87,543 0 DL Conley 118,541 4,553
JG Cobbett 214,031 0 P Conlisk 94,404 100
JA Coca 130,819 305 AM Conn 113,312 0
DC Cochrane 131,814 348 CP Conn 119,099 4,945
RJ Cody 76,705 0 GW Connell 164,970 3,559
MA Coffin 160,294 1,850 JL Connell 221,975 0
R Coffin 134,046 3,432 FG Connor 90,679 3,540
U Colambot 120,114 261 N Conrad 77,249 2,509
CR Cole 75,170 0 MS Constantino 131,091 4,021
DM Cole 167,552 1,942 SP Contreras 121,327 1,865
J Cole 136,020 42,887 D Conway 131,656 4,586
JM Cole 139,458 16,396 A Cook 116,278 445
DR Colegrave 128,927 6,682 NR Cook 172,044 20,128
JL Coles 192,836 290 TR Cook 180,696 970
W Coles-Nash 112,427 3,594 VH Cook 109,290 0
EJ Collier 189,331 48,296 TA Cooke 90,860 27

88
BRITISH COLUMBIA HYDRO AND POWER AUTHORITY
Schedule of Remuneration Paid to Employees and Expenses Paid to or Page No: 15 of 84
on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

BR Cooles 115,013 3,759 W Cousins 161,190 11,124


D Cooper 89,875 0 SJ Coutts 135,710 11,323
D Cooper 82,598 3,922 SM Covington 182,866 1,833
K Cooper 82,329 450 FN Cox 126,825 1,278
KL Cooper 98,417 1,351 KL Cox 145,752 12,415
JM Cooper-Stephenson 160,921 1,503 SJ Cox 125,302 795
JM Coote 120,170 694 PG Cozza 108,388 52,736
CB Copithorne 172,906 5,412 P Craig 120,605 7,875
C Corazza 202,575 20,323 BA Craig-Steele 91,084 345
DJ Corbett 81,443 0 MA Crampton 112,804 277
R Corbett 111,878 69 K Crape 92,570 2,625
F Corbould 130,359 1,638 JL Cratty 207,643 1,885
K Cordeiro 97,307 8,528 DC Crawford 221,902 303
M Cordeta 94,920 75 LA Crawford 104,465 0
JC Corkan 217,980 1,614 LA Crawford 136,689 1,474
AD Cornes 154,959 499 E Creak 124,432 954
EM Corrigan 127,546 620 A Creanga 95,736 1,050
SA Corsie 156,875 14,499 BT Creelman 133,449 28,519
JD Cortes 94,940 7,766 CM Creelman 138,996 3,435
RV Cortes 101,297 6,478 EA Creelman 159,894 6,987
DG Cory 141,191 2,502 MA Creery 111,372 150
JL Cosco 75,696 419 AG Cresswell 88,070 0
NO Costa 134,557 2,286 LJ Crist 132,935 0
A Cote 131,123 23,157 C Crocker 167,338 69,596
CN Cote 162,883 17,735 S Crockett 108,183 1,824
MR Cote 218,048 2,691 SM Cromarty 116,889 7,619
SA Cote-Booth 140,309 3,855 GE Crompton 121,319 10,078
JL Cotter 216,846 21,255 MF Cronin 101,125 800
EW Cottingham 110,584 555 AS Cronk 163,474 4,099
J Cottrill 75,248 1,605 SA Crooks 200,437 20,499
MT Coueffin 146,841 1,770 J Cross 100,915 14,163
M Coules 113,728 4,871 TO Cross 182,134 2,649
KH Coulter 105,316 0 CS Crossin 117,339 1,100
CD Courtice 148,664 31,436 JA Crossman 134,793 20,573
FP Courtney-Clarke 123,785 1,654 SM Croteau 211,500 8,873

89
BRITISH COLUMBIA HYDRO AND POWER AUTHORITY
Schedule of Remuneration Paid to Employees and Expenses Paid to or Page No: 16 of 84
on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

AJ Crowie 113,175 82,898 N Dai 157,730 914


C Crowson 111,735 494 JD Dale 141,544 793
DA Croxall 129,023 1,684 MP Dale 119,919 727
BG Cruickshank 82,367 0 PR Dale 206,701 6,849
MA Cruz 198,379 330 KE Daley 105,444 1,181
JJ Cryderman 176,565 18,788 DF Dalgleish 175,086 9,010
TB Cseh 132,353 606 P Dalgleish 147,668 3,583
FE Cuartero 117,968 50 AJ Dalin 94,239 68
AT Cuccione 105,382 2,948 J Dalla Gassa 104,221 3,791
D Cuglietta 97,570 982 RR Daly 181,149 11,175
C Cui 118,955 744 M Dame 98,056 493
Y Cui 124,607 494 LM Damy 127,684 0
Y Cui 125,101 7,582 KR Danbrook 133,475 12,507
JP Cullen 160,222 6,216 AD D'Andrea 130,142 472
SJ Cullen 142,878 494 RL D'Andrea 123,820 2,140
D Cumming 167,476 5,800 BA Daniel 125,825 0
JM Cunningham 89,760 100 CR Daniel 152,055 12,452
AM Cupar 118,818 50 DW Daniels 104,663 2,604
MJ Cupido 136,950 6,820 L Dapat 91,145 0
CM Curll 136,970 1,226 DS Dar 180,629 2,593
DJ Curll 148,824 436 A Darby 233,522 1,432
M Curman 137,860 420 R Darvishi 114,106 2,384
DJ Currie 121,642 22,388 SM Darwish 189,551 27,904
M Currie 126,571 3,112 R Das 110,409 2,104
WL Currie 105,258 5,596 MT Daschuk 347,374 2,406
OO Curtis 101,814 1,991 J Davda 83,690 2,404
CI Cuthbert 132,848 1,244 JD David 103,058 539
AG Cutler 143,833 25,225 SF David 150,336 22,519
RB Cutting 104,308 9,373 JM Davidoff 148,301 6,735
HD Cyr 115,971 11,864 GP Davidson 137,690 0
MC Da Silva 174,275 39,438 CJ Davies 114,147 5,348
V Dabic 170,808 10,083 DW Davies 146,143 4,056
ID Daffurn 126,380 25 GD Davies 123,350 6,085
F Dagenais Cote 191,630 17,997 HJ Davies 126,029 1,366
C Dahl 268,354 0 JL Davies 115,645 10,515

90
BRITISH COLUMBIA HYDRO AND POWER AUTHORITY
Schedule of Remuneration Paid to Employees and Expenses Paid to or Page No: 17 of 84
on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

LC Davies 123,595 37 RB Deibert 135,223 3,326


SE Davies 101,317 75 WL Deitner 166,102 2,641
AR Davis 192,825 1,062 RT Del Barrio 129,467 3,001
EB Davis 77,271 0 AR Dela Cruz 229,210 402
G Davis 186,553 33,473 JA Delage 163,991 20,440
MG Davis 123,491 181 CS Delisle 84,041 814
SA Davis 102,152 8,784 B Dell 141,108 47,890
TJ Dawes 76,756 0 H Delorey 205,838 3,445
DP Dawson 180,374 31,406 AG Delos Santos 109,841 50
RJ Dawson 159,217 3,629 BS Demeo 137,153 26,540
A Daya 126,423 1,491 JN Demers 104,256 2,561
N Daylamipour 127,390 150 N Demers 106,460 31,428
JL D'Cunha 122,339 4,217 MF Demoor 162,017 521
MA De Alwis 126,089 4,267 BR Dempsey 109,985 238
MS De Asis 146,057 240 JA Dempsey 119,158 220
M De Groot 85,502 449 NJ Dempsey 96,712 22,509
RP De Haan 150,693 13,099 D Den Biesen 154,413 4,184
C De Jager 149,682 2,584 H Deng 127,349 3,136
R De Leon 77,271 50 Y Deng 133,181 8,066
A De Maeseneer 127,646 544 FU Dennert 129,349 261
CA De Meester 80,287 0 MM Dennis 122,480 1,072
RB De Mesa 98,506 1,047 SL Deo 84,112 50
B De Micheli 97,667 1,114 EJ Derkowski 163,885 29,336
EM De Ramos 97,088 2,179 B Dermody 132,674 7,624
GN De Zoysa 173,469 1,673 S D'Errico 134,405 5,482
W Deane 88,735 4,060 M Desbois 156,834 1,177
AK Deaust 98,205 50 KF Desharnais 114,251 2,200
A Deb 104,251 0 MV Desilets 128,978 392
AR Deckert 136,703 2,443 DA Desilva 164,223 2,203
SL Dedelley 94,226 0 EP Desjardins 152,355 914
AB Deeley 140,782 5,188 P Deu 96,958 0
DM Defazio 88,964 50 TA Devaney 98,140 124
SG Degerness 137,453 30,929 A Deviato 117,815 3,770
SM Deglan 129,470 1,788 CR Devine 140,370 164
PJ Degroot 154,937 0 PJ Devine 123,269 892

91
BRITISH COLUMBIA HYDRO AND POWER AUTHORITY
Schedule of Remuneration Paid to Employees and Expenses Paid to or Page No: 18 of 84
on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

J Devito 105,612 2,112 T Dinh 130,429 3,477


PB Devkota 97,063 7,740 MN Dinnen 107,367 1,236
DA Devlin 183,121 2,310 TL Dinsdale 135,544 2,413
TD Devlin 163,924 1,787 AW Dionne 115,325 0
ZJ Devlin 156,154 0 KK Disanjh 77,459 0
DW Devorkin 149,679 1,336 D Divani Azar 102,861 18,205
B Devries 142,880 42,435 AJ Dixon 123,706 3,536
S Devries 194,112 20,279 AB Dixon-Warren 169,550 2,066
DA Dewolde 145,787 4,335 DH Dizon 86,464 0
TG Deyagher 143,739 2,146 S Dizon 79,103 180
R Dezall 119,168 57,139 D Djonin 111,319 576
BS Dhaliwal 99,930 0 L Dobischok 113,663 25,026
J Dhaliwal 101,119 1,362 J Dobrowolski 127,949 1,408
SS Dhannu 142,884 882 M Dobrowolski 130,450 871
D Dhari 123,923 864 J Dobson 139,860 510
MM Dhatt-Sandhu 125,057 993 DG Docherty 100,237 0
G Dhillon 93,902 2,051 IB Dodd 108,740 3,926
GS Dhillon 114,076 1,747 TP Dodd 170,795 46,796
GS Dhillon 97,858 412 AG Dodge 119,578 450
N Dhillon 133,343 0 RJ Dodman 196,271 1,577
R Dhillon 154,163 2,565 J Dol 88,306 50
A Dhindsa 119,876 544 L D'Oliveira 103,232 320
J Dhindsa 134,990 169 EM Dollevoet 130,298 3,355
H Dhrolia 109,205 1,688 RG Doman 123,433 0
B Diallo 102,469 2,781 LA Donaghy 119,567 3,994
AS Dias 131,674 462 S Donaghy 223,930 5,069
MP Dickenscheid 180,403 11,714 KJ Donaldson 107,425 397
M Diesch 136,192 2,779 J Dong 113,309 2,155
S Dignan 198,607 7,325 DL Donnan 79,161 0
S Dill 187,175 10,301 V Donose 128,989 3,021
EM Dillon 160,215 10,404 B Doostdar 163,047 518
MM Dimitrijevic 109,271 0 SL Doran 76,251 7,352
G Ding 105,389 594 JS Dorsey 154,272 2,250
T Ding 91,740 2,747 JS Dosanjh 144,919 371
JW Dinh 85,595 62 KA Dostie 131,620 849

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BRITISH COLUMBIA HYDRO AND POWER AUTHORITY
Schedule of Remuneration Paid to Employees and Expenses Paid to or Page No: 19 of 84
on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

HE Doucet 123,086 0 AR Dulaba 152,546 816


LM Doucette 92,563 0 TS Dulaba 106,654 12,788
JL Douglas 99,304 0 CM Dumont 91,578 0
JM Douglas 88,832 0 N Dumville 97,178 1,606
KR Douglas 137,274 2,912 JR Dunbar 149,480 1,936
RS Douglass 160,350 0 RW Duncan 156,964 1,052
DR Dowler 185,319 3,333 SM Duncan 165,097 128
M Downey 90,467 604 ST Duncan 217,629 51,232
RJ Downey 190,908 4,325 D Dunham 179,866 4,646
I Dragelj 112,410 606 MG Dunham 85,859 449
BK Draheim 108,693 150 KJ Dunkley 137,347 27,395
JL Dresler 190,700 116 IM Dunlop 98,698 606
MS Dreslinski 148,401 1,752 CH Dunn 173,462 1,585
SW Drexl 154,862 2,177 CL Dunn 132,126 0
RD Drinkwater 125,407 3,942 HL Dunn 127,880 490
A Driver 91,372 637 CW Dunsford 146,451 4,430
K Drost 147,379 8,612 JG Duplessis 170,572 14,379
CT Drover 106,776 705 CM Durden 110,268 94
ME Drown 195,469 16,700 R Dusil 204,487 17,331
JK Drozdowich 145,862 11,056 MK Dutta 81,390 0
JL D'Souza 107,791 8,637 S Dutta 242,339 19,786
M Du 114,702 530 MR Dwyer 118,323 5,463
D Dubljevic 146,951 2,226 BT Dyck 160,089 1,719
KG Duchak 200,045 7,607 KP Dyck 105,885 5,643
JR Ducharme 181,646 3,925 L Dyck 175,304 0
JL Duchman 157,560 141 RE Dyck 132,993 1,566
A Dudzevich 112,634 121 BT Dyer 109,389 9,046
PC Duerr 142,050 31,182 LJ Dyer 142,508 34,376
GJ Duff 121,667 9,517 PA Dyke 148,497 1,621
AG Duffy 118,257 2,270 C Dyson 231,078 250
JP Duffy 168,877 1,707 JW Eadie 155,645 13,622
SA Dufour 136,360 3,274 AM Eagan 101,977 3,671
J Duke 116,072 2,482 MT Eang 125,415 367
KM Duke 301,759 3,982 WA Earis 203,866 13,496
DC Dukeshire 176,376 8,947 J Earl 76,542 2,146

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BRITISH COLUMBIA HYDRO AND POWER AUTHORITY
Schedule of Remuneration Paid to Employees and Expenses Paid to or Page No: 20 of 84
on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

SD Earle 134,251 1,641 DJ Ellis 143,329 8,544


JJ Easterbrook 94,860 11,484 GR Ellis 165,980 60
SJ Easterbrook 126,065 4,245 JM Ellis 235,483 7,026
JW Easton 215,349 24,995 TA Ellison 151,968 10,768
TA Ebenal 225,941 25,195 TJ Ellison 146,139 7,499
AD Ebrahimzadeh 94,422 2,518 EB Elofir 124,995 39,875
MA Eck 114,566 576 JD Elrick 101,333 31,740
G Eddy 134,701 17,926 D Elvambuena 148,806 1,150
LL Eddy 133,054 45,763 A Emata 100,367 2,035
RM Edmondson 169,391 103 CT Emel 110,486 18,423
JD Edralin 114,519 0 DR Enderud 86,549 11,098
C Edwards 81,494 0 DP Engleman 140,735 139
RL Edwards 96,772 2,577 J English 115,572 4,599
SC Edwards 170,096 2,180 JA Enns 165,847 12,359
TA Edwards 173,767 75 KR Enns 154,032 32,950
CP Egan 172,198 31,088 RJ Enns 132,622 2,927
DR Eggers 77,448 0 SD Epa 117,137 1,013
RJ Egilson 115,604 696 D Epton 172,924 20
DD Egroff 159,641 15,772 H Erhardt 187,516 11,960
PO Ehiarinmwian 81,601 0 GR Erho 133,703 28,361
M Eigenmann 131,527 860 CG Erickson 172,230 4,101
P Eijsberg 138,484 5,369 SL Ernst 130,845 370
EW Ekholm 205,368 1,915 C Erskine 99,838 0
A Elawsi 82,941 1,325 CJ Ertel 123,215 162
R Elazar 183,235 22,677 AA Erven 158,868 528
DA Elchuk 125,251 238 L Erven 175,680 5,885
BL Eldridge 118,952 4,310 JR Espiritu 102,949 83
E Eliasov 125,223 67 EP Ethier 214,501 7,656
KC Elkie 115,337 514 BM Evans 175,715 1,806
JA Elliot 149,651 0 CJ Evans 110,183 1,439
B Elliott 176,165 13,096 DC Evans 140,113 867
C Elliott 99,763 1,662 JI Evans 133,542 3,073
ER Elliott 112,444 15,328 JL Evans 119,700 2,735
AD Ellis 174,347 4,325 JR Evans 142,170 379
DA Ellis 145,061 1,963 TL Evans Buhr 79,425 0

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BRITISH COLUMBIA HYDRO AND POWER AUTHORITY
Schedule of Remuneration Paid to Employees and Expenses Paid to or Page No: 21 of 84
on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

V Everard 84,473 525 LM Farn 107,362 0


LA Everett 141,679 -149 TC Farnsworth 79,439 279
C Everts 187,259 15,096 CJ Farquharson 127,400 2,810
D Ewaniuk 173,155 2,964 O Faruk 163,259 5,481
D Ewart 118,396 2,588 R Farzan 133,684 13,910
GM Ewart 90,827 4,532 AT Fast 77,636 4,013
P Ewen 83,184 15,174 B Fast 91,388 165
SD Ewing 155,019 2,550 KM Fast 151,626 230
TD Ewing 144,745 5,523 N Faulder 78,367 3,937
S Exter 152,241 319 CG Faulkner 116,869 1,760
BT Ezelyk 175,458 104 R Favali 124,258 38,310
DL Ezelyk 167,408 20,934 BL Fawcett 159,964 172
AA Fabian 106,213 6,658 M Fayaz Zadeh 79,537 0
AA Fabros 161,035 20,637 M Fazlalian 77,866 0
ML Fabros 80,192 0 R Fearnley 151,539 0
R Fabros 77,661 343 RS Federico 114,791 1,130
D Facundo 90,824 17,888 BR Fee 95,089 0
MC Fahey 112,839 0 SA Feener 150,319 10,350
S Faisal 161,607 5,482 IR Feir 123,440 2,866
C Fait 155,005 1,887 AJ Felber 82,705 0
MG Fait 83,234 7,150 KM Felgnar 98,687 0
WR Fajber 183,278 3,652 AG Felicella 80,122 48
P Falardeau 184,751 48,867 R Felton 210,678 0
M Falcone 118,933 0 GW Feng 113,523 420
RJ Falloon 133,104 5,075 Z Feng 95,561 0
LA Fane 175,676 1,249 G Fenwick 248,787 10,253
C Fang 122,536 1,666 RG Fequet 131,532 110
F Fang 119,400 1,302 KJ Ferber 131,765 18,741
DM Fantin 214,981 112 YS Ferdinandez 141,394 4,104
A Farah 163,042 18,585 AL Ferguson 188,137 14,907
BH Farahani 201,633 2,168 JD Ferguson 102,990 0
RJ Fard 140,700 420 LR Ferguson 116,676 37
S Farhadkhani 112,708 1,674 R Ferguson 125,205 0
M Farjadi 125,843 33,899 RM Ferguson 123,276 23,306
JM Farmer 131,174 60 IR Fernandes 199,922 2,687

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BRITISH COLUMBIA HYDRO AND POWER AUTHORITY
Schedule of Remuneration Paid to Employees and Expenses Paid to or Page No: 22 of 84
on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

TE Ferolie 189,929 363 MR Flood 125,026 0


A Ferraresso 154,618 10,110 CJ Flores 106,215 355
RG Ferraro 123,574 4,264 V Floris 181,420 3,071
BC Ferris 123,662 670 B Flynn 154,984 26,479
DD Festerling 137,177 7,852 DJ Flynn 178,069 7,737
JS Fidel 118,941 763 DS Foglia 138,676 0
MA Fiel De Sousa 104,717 4,189 J Foley 115,984 1,752
SA Fielding 90,505 481 DH Fong 110,138 1,603
D Finamore 93,085 419 N Fong 105,946 608
WA Finch 136,293 44,395 V Fong 131,117 2,096
CK Findlay 186,291 575 YY Fong 107,623 1,050
J Finkenbine 86,658 694 DP Fontaine 127,441 247
IT Finlayson 97,672 42 A Fontana 97,660 800
TB Finley 147,770 28,301 JM Forbes 154,353 4,332
PF Finnegan 184,096 11,059 SA Forbes 110,848 948
CF Fish 96,448 0 SE Forbes 76,662 0
M Fish 115,828 2,523 JN Ford 114,234 668
TE Fish 132,814 200 T Ford 190,923 35,562
EE Fisher 211,130 9,568 WA Forman 108,200 91
EV Fisher 192,875 1,834 RC Fors 147,730 13,083
RD Fisher 134,399 2,762 DR Forsayeth 85,589 6
RV Fisher 153,761 1,004 CA Forsberg 145,314 35,486
S Fisher 131,370 1,118 MC Forster 180,203 1,473
W Fitzgerald 75,463 1,941 DD Forsyth 108,037 4,414
JJ Fitzgibbon 167,835 2,689 L Forsyth 85,578 143
DR Fladmark 128,567 319 TL Fortune 114,151 1,514
JB Flanagan 226,071 888 BC Foss 141,924 248
MG Fleming 171,209 15,613 DW Fossa 120,273 605
BR Fletcher 143,400 27,274 GE Foster 165,208 1,217
CJ Fletcher 97,737 969 LC Foster 172,548 3,061
FR Fletcher 81,816 5,876 M Fotouhi 88,437 0
C Fleury 198,117 648 PE Found 157,643 3,555
JD Fleury 188,115 22,609 J Fournier 122,834 963
JP Flitcroft 136,216 6,348 J Fowler 121,615 4,766
DJ Flood 172,245 2,308 MB Fowler 150,575 47,226

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BRITISH COLUMBIA HYDRO AND POWER AUTHORITY
Schedule of Remuneration Paid to Employees and Expenses Paid to or Page No: 23 of 84
on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

RK Fowler 89,671 1,551 A Frizen 126,187 6,048


WH Fowler 200,417 735 KA Froats 98,239 2,862
DA Fox 212,022 8,740 FE Froese 117,817 0
J Fox 107,459 0 PN Froklage 122,863 0
K Fox 158,935 8,190 SA Fromme 158,120 53,163
WH Fox 145,849 300 PD Frost 151,017 3,369
D Frame 101,358 5,307 KL Fruno 123,644 2,744
CG France 169,609 31,167 W Fu 117,587 0
C Francis 146,340 1,552 J Fuchser 148,460 2,563
NV Francis 85,626 0 DW Fuhrmann 123,115 3,692
B Franklin 141,120 1,869 AS Fujino 126,554 2,427
A Fraser 121,718 2,033 DJ Fulcher 222,582 3,803
B Fraser 207,001 11,428 SA Fulcher 133,354 1,448
CE Fraser 185,105 2,502 CP Fulmer 97,845 21,276
LG Fraser 162,288 2,331 WA Fulthorpe 140,140 3,728
MR Fraser 121,469 14 CJ Fulton 144,739 11,039
TE Fraser 124,457 3,619 DA Fulton 172,692 8,598
WP Fraser 89,821 75 ME Fulton 125,512 4,959
CW Freake 144,879 3,782 K Fung 137,843 1,097
MR Freda 102,759 0 RH Funk 150,633 237
JC Freele 196,315 24,357 TK Funk 131,267 18,496
AP French 194,586 1,850 JL Furber 84,850 300
DJ French 187,879 1,789 MC Furberg 140,107 40
JG French 130,424 1,137 SM Fure 121,172 2,834
AG Fresnido 94,600 50 CT Furler 197,759 11,544
MK Frew 92,113 2,142 J Furness 103,008 0
CA Frick 166,915 66,466 DB Furtney 91,444 6,483
GC Fricker 225,096 0 M Furumori 113,774 4,093
BH Friedman 124,814 732 RT Fusick 163,913 3,674
GJ Friend 107,729 271 SG Fyfe 249,658 28,556
BA Friesen 140,481 8,706 GS Gabert 164,856 3,308
MH Friesen 159,758 2,038 JG Gabriel 302,662 448
MK Friesen 89,360 50 SS Gadhok 181,295 598
OS Friesen 101,757 28 V Gafitulin 150,210 1,311
TM Friske 110,815 706 N Gafitulina 100,306 14

97
BRITISH COLUMBIA HYDRO AND POWER AUTHORITY
Schedule of Remuneration Paid to Employees and Expenses Paid to or Page No: 24 of 84
on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

PN Gaillardetz 131,620 2,550 KS Gaskin 98,922 11,712


C Galam 153,369 23,121 DR Gaudin 193,144 882
WW Gale 157,811 4,029 ZD Gauthier 243,776 4,592
GG Gallagher 218,858 6,382 PJ Gavigan 96,024 927
M Gallagher 83,427 5,356 D Gavin 119,685 196
K Gallaugher 100,034 1,624 BK Geall 119,696 6,117
R Galope 103,061 0 S Geana 79,412 504
D Galos 192,285 2,688 NM Gearin 154,241 35,842
MJ Galvez 158,050 832 D Gebert 193,688 475
JT Gamache 143,807 0 JM Geddert 156,757 4,089
AW Gamage 187,970 19,950 PE Geddes 127,498 5,257
GB Gamboa 127,967 14 MA Gedig 160,394 18,634
B Gammer 131,430 9,999 NM Gee 79,646 2,301
RD Gammie 141,597 0 SJ Gee 119,274 3,007
D Gandhi 217,459 59,899 C Gehring 117,039 39,631
Q Gao 132,642 914 AA Gelchu 117,714 3,529
S Gao 110,834 1,100 RL Gellibrand 109,385 429
NA Gaoiran 110,188 0 WC Gemmell 163,981 2,950
PT Gara 187,780 19,138 WN Gemmell 79,460 39,805
C Garand 149,456 1,073 D George 171,177 5,594
KE Garbet 319,531 990 P George 109,197 284
AC Garcia 93,668 0 O Geraskina 122,025 445
H Garcia 90,552 623 KM Gerbrandt 171,772 21,475
J Garcia Lopez 100,897 631 RG Gerbrandt 224,779 780
BA Gardey 79,746 50 VO Gerlib 191,905 43,114
BR Gardiner 104,098 6,590 BJ Gervan 77,898 0
AM Gardner 104,818 0 SC Gerwin 130,922 14,733
BB Gardner 189,588 20,732 J Gesic 112,307 174
ZC Garland 130,505 470 GJ Geyser 165,703 11,904
AL Garrecht 131,119 6,196 H Gharachamani 158,557 785
ME Garrett 126,350 1,002 M Ghayoor 106,849 3,068
TR Garrow 146,952 7,565 S Ghirardello 114,582 12,454
PJ Garson 164,327 7,710 MS Ghuman 96,148 0
DH Gartner 158,071 26,470 SI Gibb 127,159 788
A Garvey 105,242 336 K Gibbons 118,091 1,390

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BRITISH COLUMBIA HYDRO AND POWER AUTHORITY
Schedule of Remuneration Paid to Employees and Expenses Paid to or Page No: 25 of 84
on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

K Gibson 232,649 2,272 SJ Goh 115,841 0


NG Giddens 108,272 8,632 A Gohar 132,050 2,652
SE Gies 80,188 0 MM Gokey 89,748 1,913
HJ Giesbrecht 147,199 9,207 R Goldberg 177,004 1,986
MK Giesbrecht 118,692 217 EK Goldsmith 153,439 10,818
TA Giesbrecht 184,026 685 BJ Gollmer 154,603 541
TD Giesbrecht 90,088 12,921 DL Gomes 139,336 437
LJ Gifford 92,763 1,252 E Gomes De Araujo 117,195 2,390
P Gilani 167,607 0 Y Gomes De Melo Azevedo 110,653 2,396
BM Gilbert 145,725 0 GB Gonzales 175,770 100
HK Gill 151,136 1,470 CA Gonzalez 126,658 1,171
JK Gill 128,009 3,366 FE Gonzalez 100,994 47
PP Gill 91,138 3,451 JM Gonzalez 141,425 1,354
R Gill 216,033 7,651 EA Gooch 80,916 3,241
CD Gillespie 174,905 13,970 KT Goodall 80,022 4,070
DM Gillis 91,215 540 PM Goodall-Hart 129,537 1,607
SA Gilliss 83,541 494 N Goodfellow 140,798 6,978
JP Gilraine 224,122 14,517 KG Gooding 84,450 0
AC Gimple 139,700 0 JE Goodman 85,221 1,286
M Gimson 182,017 0 M Goodman 110,148 1,503
JF Gin 92,755 50 RS Goodman 118,694 2,358
P Girard 87,748 9,304 DA Goodwin 86,086 1,625
KK Girgulis 142,356 5,456 R Goodwin 191,361 10,375
P Girn 147,991 420 W Goodwin 80,066 0
KA Gito 80,378 3,337 J Googel 149,226 19,234
J Gladish 102,551 1,184 DD Gorby 149,370 4,738
J Glawdel 116,108 2,398 CM Gordon 168,611 4,285
C Gleeson 123,621 540 MA Gordon 218,197 37,718
BR Glover 133,270 1,115 MD Gordon 190,897 36,683
J Gobeil 99,865 6,349 MJ Gordon 89,021 472
AK Gobena 141,785 1,587 MT Gordon 136,636 512
R Godding 114,541 1,050 SJ Gordon 107,979 17,449
TN Godreau 129,122 10,447 VR Gorospe 133,600 0
M Godyn 91,445 0 DR Gorton 125,366 9,491
GE Goettemoeller 189,904 1,997 BM Goss 186,580 2,189

99
BRITISH COLUMBIA HYDRO AND POWER AUTHORITY
Schedule of Remuneration Paid to Employees and Expenses Paid to or Page No: 26 of 84
on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

DA Goss 76,948 1,370 AT Graza 235,412 23,422


AS Gosse 170,467 55,626 W Greeley 213,187 1,868
JR Gosse 186,400 125 BW Green 87,384 9
R Goswami-Powell 136,531 2,405 GW Green 143,842 23,433
K Gotamco 84,035 1,314 IS Green 136,694 729
DM Gothard 89,698 5,723 JL Green 164,285 9,227
MW Gotobed 162,999 707 E Greene 90,317 1,282
H Govekar 96,310 270 JR Greenhalgh 112,820 236
MM Gowda 112,564 0 MR Greenlaw 125,941 2,313
CJ Graboski 145,631 2,176 RK Greenlaw 96,252 1,741
KJ Graeme 144,276 1,372 AR Greenlay 184,956 21,780
CD Graff 174,837 13,901 SA Greenway 115,500 3,057
SA Graff 118,499 26,115 KG Greenwell 118,584 4,935
AA Graham 98,384 612 DW Greenwood 146,556 29,216
BA Graham 89,794 1,319 K Greff-Santamaria 85,230 23,408
DM Graham 114,693 450 S Gregg 148,614 2,636
JM Graham 148,874 2,064 KR Gregory 126,558 1,247
MJ Graham 154,712 14,696 A Grenier 118,646 1,501
MS Graham 98,063 0 A Grewal 88,937 277
SM Graham 206,311 18,934 GS Grewal 208,752 4,152
S Grahn 145,305 1,670 TK Griffith 148,514 2,866
D Grant 168,822 2,585 C Griffiths 116,245 20
KB Grant 160,788 4,626 KJ Griffiths 95,604 2,175
KW Grant 183,584 93 JA Grijzen 89,295 178
LM Grant 112,190 0 CL Grohs 115,387 3,257
RJ Grant 139,812 1,906 TH Grohs 104,358 8,621
M Gratto 95,810 771 RM Groombridge 124,552 0
D Graves 180,643 962 AJ Grose 167,012 16,167
A Gray 166,143 5,436 SG Grose 152,999 2,899
A Gray 96,903 3,740 KJ Gross 130,070 13,194
GL Gray 143,016 4,633 JA Grosse 114,693 3,976
JD Gray 172,649 9,354 CT Grotke 108,499 2,775
KA Gray 86,695 1,171 CL Groves 179,306 606
MA Gray 114,986 18,364 KL Groves 160,884 5,032
SD Gray 221,405 22,971 B Gu 139,575 1,678

100
BRITISH COLUMBIA HYDRO AND POWER AUTHORITY
Schedule of Remuneration Paid to Employees and Expenses Paid to or Page No: 27 of 84
on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

M Gu 168,868 1,372 JA Haaller 78,273 1,899


ME Guajardo 160,533 839 JD Haan 86,783 250
M Guanlao 144,635 1,071 RL Haase 79,156 1,442
LH Gudbjartsson 152,230 1,829 EF Haboly 149,595 5,511
DR Gude 201,240 4,223 AG Habte 170,046 494
N Gudelj 117,188 2,143 S Habtezion 82,106 0
S Gudmundson 83,934 1,258 MP Hackwell 184,550 28
B Gueldenstern 233,406 11,147 K Hadavi 159,791 9,872
BR Guenther 80,666 1,650 GR Haddow 93,072 0
T Guerra 145,018 1,603 K Hadzimahovic 143,314 5,247
I Guevara 85,189 0 MR Hafez 191,479 21,698
PR Guglielmin 119,955 1,434 KK Hagen 135,074 471
M Guglielmotti 138,964 7,322 PA Hahto 126,006 10,675
D Guinan 186,055 5,373 N Haidari 135,641 1,165
MA Guite 191,314 5,336 RA Haines 97,543 3,430
KB Gulbranson 185,776 20,795 CE Haizimsque 149,396 1,113
B Gulliver 163,132 2,972 V Hajiabdolmajid 130,297 10,516
CR Gunderson 115,186 5,447 MI Hakim 108,708 76
K Gunn 173,643 2,438 DR Hale 119,049 3,017
F Guo 237,016 2,515 DW Hale 190,189 1,050
J Guo 117,339 625 A Hall 115,494 1,170
T Guo 127,320 2,696 AA Hall 108,754 1,003
Z Guo 130,241 20,678 AP Hall 102,238 704
A Gupta 144,895 914 CM Hall 87,065 9,481
A Gupta 120,829 2,245 JJ Hall 145,707 4,285
ML Gusola 108,318 3,479 R Hall 152,733 8,214
SB Gustafson 122,148 6,906 TD Hall 164,576 10,425
BJ Gustafsson 96,902 7,779 TE Hall 170,628 44,635
TL Guterres 198,822 2,956 JD Halladay 92,538 2,069
EC Gutierrez 108,714 0 BD Hallam 146,452 0
TB Gutwin 167,112 250 BJ Hallborg 199,556 18,673
AK Guy 124,327 736 ER Hallson 149,552 0
SM Gwilliam 202,180 250 G Halmaghi 127,266 494
TC Haaf 83,194 12,372 JB Halse 193,488 1,090
M Haag 75,074 2,334 ND Halstrom 82,221 0

101
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Schedule of Remuneration Paid to Employees and Expenses Paid to or Page No: 28 of 84
on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

BI Haluszka 173,534 16,488 DB Hare 137,221 439


PE Hamaguchi 99,120 0 JR Hargrave 162,901 9,421
D Hamberg 122,500 2,653 D Hargreaves 199,075 14,027
HG Hamberger 180,467 3,227 E Harmati 124,844 1,799
KO Hambleton 139,896 701 KM Harmon 131,271 869
GR Hamer 150,663 6,887 RC Harms 182,729 226
CG Hamilton 178,836 3,869 CC Harper 171,171 10,125
CG Hamilton 214,762 0 D Harper 160,633 4,655
S Hamilton 151,713 13,943 JD Harper 135,121 13,316
H Hamilton Harding 173,108 3,769 RM Harper 143,704 1,644
CJ Hampton 202,148 20,384 T Harper 179,094 0
M Hamza 87,625 20,949 PG Harrington 119,535 250
B Han 91,633 0 C Harris 110,793 3,171
H Han 234,617 1,795 GW Harris 121,373 5,231
Q Han 137,787 744 K Harris 98,161 0
Q Han 142,327 1,827 LE Harris 97,635 13,173
VK Hanada 151,377 3,137 PR Harris 179,755 11,696
SM Handley 141,925 1,030 SC Harris 113,646 8,644
NM Handra 153,727 6,811 SM Harris 126,910 15,579
M Hanif 83,635 536 ER Harrison 107,649 1,172
KA Hanlon 191,747 247 S Harrison 144,974 4,096
MF Hannah 91,273 0 SJ Harrison 89,139 1,293
MW Hannath 147,492 107 TP Harrison 164,653 43
D Hanratty 125,433 7,672 W Harstad 174,488 19,843
AD Hansen 147,730 3,025 D Hart 94,454 3,798
TP Hanson 170,528 2,117 N Hart 199,864 1,568
V Hanson 117,142 250 DN Hartford 206,642 26,942
WA Hanson 184,309 13,746 C Hartley 144,995 7,561
LL Hanssens 145,602 449 RK Hartley 143,632 1,899
J Hao 128,386 4,864 SL Hartley 99,719 0
T Harada 117,867 494 WP Hartley 135,442 220
BM Harapnuk 150,584 2,228 CD Hartman 87,660 3,052
D Harapnuk 118,298 2,780 JT Hartman 157,036 358
DM Hardie 224,934 700 GF Hartney 102,856 2,662
J Hardman 144,066 190 CA Hartog 167,859 12,252

102
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Schedule of Remuneration Paid to Employees and Expenses Paid to or Page No: 29 of 84
on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

ML Hartog 197,519 7,550 J Hebner 170,385 521


CC Hartwell 99,828 0 PP Heer 99,492 0
AJ Harvey 155,068 10,993 S Heer 167,022 132
BW Harvey 181,021 21,759 GR Hefflick 103,783 0
DS Harvey 108,023 17,994 A Hefford 202,645 2,620
TS Harvey 88,252 1,575 TB Heiman 136,196 9,855
LJ Harwood 111,950 0 EB Helander 166,915 14,430
S Hashemi 102,814 275 G Helfrich 165,507 16,266
B Hassani 139,610 10,559 RA Helgason 147,720 4,191
AM Hasselaar 121,884 80 JW Helten 82,512 0
CR Hastings 102,067 0 DF Hembling 149,306 992
CR Hastings 155,894 914 AA Henderson 161,246 13,747
BM Hatch 133,234 1,918 G Henderson 111,716 459
C Hatton 143,874 7,054 J Henderson 172,018 1,345
CK Hau 164,134 582 RL Henderson 138,886 3,774
KM Haughian 110,621 3,645 TC Henderson 168,837 739
HC Hauka 81,269 3,148 AJ Hendrawan 126,557 494
KA Hawkins 134,555 7,927 DC Henry 207,557 39,364
JA Hawryluk 149,399 748 WJ Henry 96,733 5,961
RM Hawryluk 229,943 5,237 S Henzel 175,991 10,811
A Hay 102,654 213 JS Heppner 199,681 2,456
DJ Hay 117,516 814 KB Heppner 124,160 1,787
JA Hayashi 148,898 375 C Herman 174,280 14,369
R Hayat 98,174 50 MC Herrera 92,237 26
SS Hayer 131,508 2,355 A Herrick 204,210 120
IC Hayes 103,970 2,433 DM Herrington 209,696 109
PH Hayes 169,313 1,598 JM Herrington 167,694 250
M Hayles 141,183 4,401 RE Herzog 105,639 4,495
DS Hayre 146,729 1,477 BD Heslip 163,546 223
KD Hazelwood 190,240 2,793 G Heward 116,650 3,480
TD Hazelwood 133,496 289 JL Hewat 108,765 654
CD Head 198,409 30,318 RJ Hewko 103,682 998
AS Heath 110,552 300 AM Hibbs 165,992 220
DP Hebert 148,788 914 DA Hicks 120,099 0
GT Hebert 93,594 705 GD Hicks 105,738 2,000

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on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

RJ Hicks 131,537 47,606 PJ Ho 119,201 5,778


R Hidalgo 75,704 50 S Ho 116,097 1,050
CL Hiebert 112,551 2,921 W Ho 149,462 9,756
DA Hiebert 146,550 917 NL Hobbs 125,813 15,646
SM Hiebert 152,592 1,573 BJ Hobkirk 150,687 2,471
TJ Higa 186,769 115 S Hobson 246,338 0
SA Higginbottom 97,714 295 M Hodgins 123,159 0
CD Higgins 191,506 8,526 HR Hodgson 228,307 19,258
JL Higham 92,727 9,225 KL Hodson 84,984 2,631
GS Hilbrecht 75,860 6,110 MB Hoekstra 111,270 5
CL Hill 148,974 8,285 JN Hoey 81,477 13,915
DB Hill 162,480 1,245 BE Hofer 98,468 9,547
K Hill 101,201 1,253 IT Hofer 110,391 366
L Hill 113,598 2,913 AN Hoffman 164,133 2,268
MA Hill 173,933 3,673 BE Hoffman 129,554 3,916
MP Hill 147,710 2,746 DA Hoglund 119,739 5,229
RJ Hill 139,964 1,901 EL Hohert 125,744 31,056
RJ Hill 197,371 18,979 KB Hohert 139,178 4,507
S Hill 180,820 1,181 JL Hokanson 103,284 1,508
TJ Hill 106,874 15,024 JE Holdaway 145,547 1,356
JL Hillgartner 129,090 23,026 DJ Holden 204,571 15,068
DB Hills 150,443 0 RC Holden 183,958 5,074
TT Hills 199,499 3,340 DB Holenstein 150,319 3,044
GS Hiltz 164,297 899 GJ Holisko 151,622 2,555
TG Hinatsu 153,581 34,109 DJ Holitzki 182,090 1,025
S Hindermann 78,382 1,004 J Holitzki 157,374 4,545
WR Hine 138,728 10,043 A Holland 156,235 1,638
KJ Hines 155,926 1,828 FM Holland 190,951 22,244
J Hinke 114,929 275 HA Holland 147,827 28,293
DM Hirschman 146,761 13,624 M Holland 166,985 42,669
MA Hirvonen 128,982 22,928 MD Holland 101,313 5,476
KA Hishon 138,210 445 MM Holland 299,461 11,279
E Ho 142,360 420 RL Holland 114,523 45,361
J Ho 109,725 1,567 PW Hollett 98,207 1,364
KA Ho 151,627 1,393 B Hollybow 111,957 7,096

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on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

MS Hollybow 181,867 5,682 EA Houle 78,710 220


AS Holmgren 195,252 4,437 TD Houser 88,218 205
CD Holmgren 204,919 7,903 JC Housley 137,020 500
JR Holt 168,090 5,451 PW Houston 215,483 31,031
SA Holt 83,516 0 RB Houston 168,370 12,604
SW Holt 138,658 27,892 EA Howard 161,729 4,437
B Holtby 165,363 2,602 MA Howard 87,931 6,488
RC Holyk 128,772 756 PJ Howard 145,454 4,965
K Homenick 97,943 249 HM Howden 82,362 0
W Hon 185,984 1,451 DG Howe 107,526 9,926
HK Honda 260,108 6,272 JD Howes 272,294 64
CO Hong 169,049 18,826 EB Howker 193,583 10,937
DK Hong 111,498 1,408 CP Howkins-Burgart 89,725 2,116
WW Hong 155,405 7,130 PY Hoy 188,274 150
RR Honrade 150,038 3,942 MJ Hrad 170,536 1,801
AJ Hooge 195,729 16,956 W Hsieh 96,851 5,887
LM Hooper 154,980 1,042 YJ Hsu 113,252 838
J Horak 77,246 0 GT Htan 146,048 1,454
MC Horan 82,606 0 P Hu 137,912 744
P Horan 167,704 2,839 Z Hu 104,888 533
CA Horkoff 114,247 4,238 J Hua 153,327 619
JM Hornby 81,642 135 K Hua 82,440 1,467
NR Horne 196,049 52,242 S Huan 181,633 0
RJ Horner 182,114 38,146 C Huang 90,491 365
Q Hornosty 180,098 0 J Huang 167,313 9,550
BG Horton 153,475 959 K Huang 83,858 532
JC Horton 197,537 19,246 V Huang 131,745 1,529
MR Horwood 137,907 1,341 X Huang 118,258 27,766
M Hossain 88,372 2,925 Y Huang 89,735 559
S Hossain 81,065 2,504 Y Huang 124,324 4,889
S Hosseini 79,727 1,328 Y Huang 101,454 1,050
JS Hothi 278,437 1,055 AF Hubbard 101,036 46,754
M Hothi 90,072 7,853 TR Hubbard 94,394 0
S Hou 124,402 2,048 Z Hudani 134,153 1,255
D Houghton 199,526 572 B Hudson 114,196 5,111

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Schedule of Remuneration Paid to Employees and Expenses Paid to or Page No: 32 of 84
on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

DW Huey 173,594 0 A Hutchinson 119,791 470


CJ Huff 138,227 3,216 CT Hutchinson 128,817 25,240
B Hughes 149,937 10,389 K Hutchinson 177,093 78
D Hughes 146,226 1,785 JD Huxley 163,080 5,301
JJ Hughes 135,085 5,955 AD Huynh 87,746 2,892
TE Hughes 122,640 4,387 DP Huynh 101,794 0
SJ Huhn 94,766 3,609 RP Hynes 154,683 103
C Hui 215,647 1,098 FD Hyslop 159,492 58,661
C Hui 135,338 630 P Iacob 93,180 15
PW Hui 145,207 914 RL Idiens 79,019 11,801
TR Huitika 133,997 2,731 R Ilia 90,385 880
RB Hull 134,709 1,443 JM Illerbrun 125,783 24,700
JP Hulme 209,261 10,612 MJ Ilori 88,007 0
G Huml 119,984 2,930 BR Imler 151,225 2,368
B Humle 140,358 737 M Imran 215,866 5,987
J Humphrey 94,764 3,969 R Infanti 189,368 6,772
GS Hundal 141,210 3,179 TO Inga-Rojas 87,699 240
IS Hundal 139,966 6,081 DW Ingleson 133,466 0
CS Hundial 96,686 3,663 BD Ingraham 173,984 1,374
MW Hung 104,713 279 CR Ingraham 98,420 50
S Hunjan 110,155 494 AJ Ink 139,052 4,294
DJ Hunsberger 151,312 3,174 EL Inlayo 88,458 1,374
CJ Hunt 108,678 432 C Intihar 136,534 1,337
J Hunt 119,164 0 K Ip 107,323 5,023
RS Hunt 89,173 607 Q Iqbal 156,088 1,300
DJ Hunter 120,019 6,003 KJ Ireland 102,907 5,388
DP Hunter 136,741 1,395 RW Ireland 145,368 11,037
MS Hunter 95,632 22,217 AD Irving 261,994 61,342
JR Hurd 93,503 7,300 RJ Irving 124,011 6,498
DM Hurl 156,521 12,239 TE Irving 95,938 39
JG Hurst 112,301 36 T Isaac 113,084 1,150
SL Hurst 127,072 0 DL Isber 94,687 266
A Hussain 249,782 3,259 E Iseli 153,242 254
MR Husty 232,263 7,966 MS Islam 120,980 650
GF Hutcheson 124,440 53,501 R Islam 200,043 22,215

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Schedule of Remuneration Paid to Employees and Expenses Paid to or Page No: 33 of 84
on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

NT Israel 119,675 15,158 IB Jansson 91,727 306


E Israelyan 100,083 111 M Janusz 94,672 0
E Istiroti Levi 86,705 0 BR Janzen 141,621 263
M Istok 117,562 15,848 KH Janzen 113,612 1,683
R Itcush 173,699 747 RA Janzen 131,116 5,086
AJ Ito 123,915 764 TL Jarman 122,407 9,931
SL Ito 78,582 9,969 H Jarollahi 134,471 3,210
VI Ivanov 107,354 3,153 KW Jarratt 167,896 6,385
I Ivanovic 133,053 1,850 J Jarvis 117,650 4,537
TT Iwamoto 179,097 24,512 JF Jarvis 111,338 55,779
TD Iwaskow 132,486 34,650 M Jasek 164,289 12,738
M Izadi 127,621 3,804 M Javaid 142,509 6,717
M Jabbari 165,601 494 G Jay 115,257 0
DE Jacks 124,144 2,084 K Jay 123,294 2,209
SD Jacks 107,318 5,753 A Jeed 97,136 2,387
DL Jackson 181,726 11,894 MP Jeffery 115,988 17,385
GW Jackson 213,166 15,931 J Jeffrey 114,870 50
JK Jackson 94,177 2,401 TM Jeffrey 153,807 21,471
S Jackson 218,693 1,945 RJ Jeffries 90,661 0
A Jacob 117,816 368 CR Jelenici 125,504 3,116
IS Jacobs 174,383 3,612 D Jensen 109,436 4,178
TL Jacobs 112,626 0 DA Jensen 149,004 2,576
RE Jacobson 237,772 3,721 T Jensen 161,807 4,016
SD Jacobson 182,682 21,890 TA Jensen 144,357 2,810
P Jahanbin 102,520 1,029 RJ Jess 134,120 23,213
V Jain 209,214 3,765 RM Jesse 219,074 26,344
HB Jakobsen 110,222 0 SK Jewell 194,556 1,619
CK James 103,556 3,177 B Jhuboo 78,988 0
Q Jamil 87,651 51 E Ji 173,296 33,708
M Jamsaz 89,599 597 H Ji 129,587 2,644
M Janbakhsh 77,674 5,858 D Jiang 99,863 2,788
G Jang 152,505 1,636 K Jiang 112,232 1,767
K Janke 118,379 1,625 M Jiang 142,555 1,654
C Jansen 238,260 59 R Jiang 120,673 5,046
TS Jansma 110,483 0 T Jiang 119,985 1,025

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on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

Z Jiao 167,216 3,733 F Jongeneel 153,461 420


T Jilani 144,278 1,321 M Jonsson 124,303 1,102
Z Jin 117,113 4,911 S Jordan 95,671 8,020
KJ Jmaiff 147,698 512 LP Jorde 84,681 2,716
EM Jobe 103,268 6,915 S Joshi 82,617 529
CW Joe 80,368 0 G Jost 142,994 380
TM Johansen 162,327 7,646 J Joy 98,419 0
CM Johnsen 124,673 3,202 SF Joyal 109,088 246
CW Johnson 168,784 30,288 AD Joyce 105,201 15,627
DE Johnson 92,588 1,733 DS Joyce 81,582 9,044
DM Johnson 79,849 -2 P Joyce 107,360 2,252
DN Johnson 115,482 6,671 JG Juarez Recinos 98,134 939
GC Johnson 188,225 11,054 AK Jubb 187,686 2,382
JF Johnson 155,761 2,387 DH Juby 200,163 8,634
PD Johnson 136,711 217 KG Judge 129,676 15,988
SC Johnson 176,780 1,828 FK Juelfs 94,507 2,999
T Johnson 121,432 377 H Jung 104,045 557
TL Johnson 142,091 494 U Juressen 196,510 2,115
TL Johnson 116,994 738 R Justesen 146,739 6,186
WM Johnson 75,988 0 A Kadivar 101,156 3,350
ZK Johnson 151,791 4,490 AT Kaempffer 146,902 7,877
JL Johnston 98,040 7,227 M Kafil 139,042 2,987
MP Johnston 96,617 200 DM Kahl 340,565 8,864
WT Johnston 174,621 50,107 G Kainth 178,301 1,346
JL Jolliffe 75,113 875 O Kalaydin 124,653 6,401
RC Jolly 162,066 11,689 JA Kallin 110,893 2,172
HC Jonas 127,618 0 JL Kallusky 127,990 189
C Jones 124,736 420 I Kalmanson 100,618 1,105
JW Jones 127,500 18,140 R Kalmanson 155,283 494
MB Jones 185,446 1,369 G Kalra 119,603 420
S Jones 114,407 0 R Kalsi 123,709 18,893
SD Jones 118,497 853 VS Kalsi 84,377 1,031
SM Jones 119,449 0 P Kam 152,543 0
TC Jones 108,498 100 SK Kamiya 89,779 0
TS Jones 135,835 1,409 RM Kammerer 107,491 42,626

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Schedule of Remuneration Paid to Employees and Expenses Paid to or Page No: 35 of 84
on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

DC Kan 106,849 4,164 WD Keeley 137,814 7,254


J Kan 85,427 144 JD Keen 125,443 31
KS Kanda 94,388 474 JM Keen 105,278 38,463
H Kandola 81,601 0 FG Kehl 176,377 9,338
RM Kane 106,353 0 JM Kehl 99,805 0
JS Kanhaiya 164,997 20,432 SM Kehl 222,056 1,046
T Kanin 128,452 47,890 CD Keller 99,629 0
JL Kapalka 202,477 102 V Keller 79,869 1,156
K Kapalka 86,603 6,999 MO Kellett 100,767 7,940
S Kapoor 77,598 770 DT Kelley 134,402 49,832
T Kapoor 83,662 0 DW Kelly 97,791 6,889
JD Karila 121,531 0 E Kelly 208,072 13,818
RM Kariz 121,721 11,685 KB Kelly 128,078 10,242
I Karmacharya 117,139 861 L Kelly 189,900 15,033
AC Karpik 92,865 586 LC Kelly 122,431 5,915
JZ Karpinski 167,401 959 N Kelly 256,945 7,340
F Karsan 185,268 7,617 RM Kelly 159,150 29,476
TD Kask 148,071 1,795 M Kelvin 160,109 2,051
MG Kassam 135,181 0 JN Kemp 108,933 2,392
W Kassam 210,469 2,921 SJ Kemp 102,262 358
LA Kasten 85,757 0 GP Kempthorne 135,866 56,998
KN Katusa 95,656 377 AD Kendrick 126,468 1,990
VR Kaulback 99,024 125 JS Kennedy 143,332 0
J Kaur 89,957 50 KA Kennedy 83,388 11,923
J Kaur 125,617 0 KL Kennedy 243,507 10,483
J Kaur Bhangoo 88,897 0 RB Kennedy 119,465 1,147
SM Kay 132,412 1,652 DB Kennelly 145,444 28
B Kazakoff 122,434 6,222 LT Kenney 146,114 9,603
V Kazakov 97,542 0 NJ Kenny 211,077 4,666
A Keane 113,217 2,313 TJ Kenyon 221,935 24,143
AD Kearney 130,469 15,547 MD Keres 107,860 8,425
SA Keating 96,886 411 MM Kerluke 83,467 829
WA Keats 139,614 1,870 IP Kerr 175,882 9,075
MT Keefe 201,424 1,590 KD Kerr 168,785 369
AJ Keelan 85,526 1,760 JL Kersey 112,204 2,034

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on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

S Kessler 82,463 0 TR Kikkert 177,488 1,632


KJ Ketchum 79,571 0 L Kilgour 132,048 3,688
M Kettle 117,145 1,523 RJ Kilian 107,616 0
F Keylani 119,397 2,151 JP Kilmartin 205,837 1,127
BJ Keys 248,830 3,019 NP Kilmartin 196,010 38,909
S Khade 92,741 1,322 A Kilpatrick 84,012 1,488
A Khalili 155,594 6,783 IR Kilpatrick 122,402 35,650
AA Khan 132,125 938 AS Kim 160,628 2,391
J Khan 137,839 1,571 H Kim 155,673 3,075
M Khan 125,037 3,889 J Kim 87,416 5,002
MU Khan 163,000 17,734 CJ Kimball 101,995 0
S Khan 133,148 1,841 AW Kimber 75,798 6,307
TN Khan 138,907 1,124 MA Kinakin 112,091 2,278
A Khandelwal 117,249 50 MF Kind 96,052 112
KS Khandpur 162,377 2,086 R Kindipan 226,976 24,501
DS Khangura 156,129 2,960 MJ Kindratsky 111,124 3
K Khanna 123,295 5,848 CA King 165,464 12,006
H Khatami 116,931 2,788 DN King 102,942 3,777
YS Khawaja 86,095 50 G King 147,081 4,147
S Khazei 81,523 1,370 JM King 107,336 340
MA Khedr 140,105 6,746 LM King 98,033 494
H Khelghat Doost 126,090 1,694 MC King 179,976 27,673
H Khemiri 88,229 25 RB King 229,617 989
GH Kho 179,481 3,700 SJ King 143,802 27,903
H Khodabakhsh 140,615 3,120 A Kingsbury 135,107 0
M Khoshgoftar 111,874 895 R Kingston 128,884 4,324
H Khoshsiar 134,392 776 D Kinnon 104,595 5,174
H Khosravi 184,914 2,196 TL Kirk 104,430 1,050
SC Khurana 148,957 3,632 BD Kirkham 135,977 564
IS Khurl 139,413 249 TA Kirkham 194,948 7,755
M Kia 135,671 4,852 WB Kirkness 172,432 1,599
KD Kidd 199,419 18,754 DT Kirkwood 143,849 81
WM Kiedaisch 101,071 555 RS Kirsh 129,511 50
KM Kiener 141,803 0 N Kirupakaran 107,301 0
L Kiing 145,778 2,063 T Kisby 152,349 819

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on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

MT Kiselbach 138,873 3,886 LD Koltai 82,417 250


A Kiss 163,779 1,265 MA Kolynchuk 93,862 5,881
M Kitson 105,972 19,706 S Komad 179,016 36,917
GM Kitt 116,488 13,066 N Komaei 77,902 677
D Klassen 99,451 408 MM Kondo 194,065 3,687
DA Klassen 112,927 715 L Kong 94,844 290
DB Klassen 164,740 1,520 S Kong 189,178 2,299
DP Klassen 83,083 0 NA Konradson 99,607 4,140
EJ Klein 149,765 211 GA Koochin 77,254 0
SB Klein 113,116 13,699 GA Kooiman 143,044 630
W Klein 159,691 3,617 C Koop 99,657 0
TK Kler 125,437 1,572 J Koop 187,572 10,223
DJ Knackstedt 160,322 934 M Koop 101,685 3,358
LD Knight 136,835 694 CF Kopola 166,658 7,820
SJ Knight 149,140 2,670 M Korsei 196,969 6
MB Knighton 124,732 3,085 AB Korteland 127,431 28,214
BJ Knoke 257,797 9,458 AG Korteland 130,667 50
DL Knowles 100,962 665 K Kosh 106,676 975
RA Knowles 113,709 0 V Kositsky 132,835 5,803
KJ Knudsen 208,242 39,350 M Koski 184,432 0
KR Knudson 99,954 1,228 D Kosolowsky 130,776 2,660
AR Knuff 105,670 0 D Kostadinova 96,865 0
CH Kober 181,658 2,213 D Kotaras 150,681 7,041
AG Kobernick 104,178 4,883 S Kotovych 166,087 17,953
PA Kobzar 183,842 992 AV Kouznetsov 124,376 656
E Koebel 174,954 2,943 N Kovacevic 188,476 3,789
B Koehler 158,034 1,426 CG Kovach 127,547 7,472
BD Koehn 79,542 28,595 DJ Kovacs 143,267 981
TD Koehn 198,056 2,102 L Kovacs 167,709 3,439
V Koh 133,992 420 MP Kovatchki 151,883 47,614
JC Kohut 174,450 30,006 CA Kowak 166,293 10,794
E Kojic 173,985 375 PG Kowal 147,061 661
SJ Kokko 132,992 1,204 GA Kozak 144,624 130
P Kokol 123,974 458 IR Kozicky 166,531 15,738
AE Kollmar 80,817 14,027 B Krahn 151,859 867

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on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

MB Krahn 85,930 7,025 MC Kwan 118,247 85


I Kramarovskaia 114,029 212 TP Kwan 79,233 102
F Kramer 87,594 833 T Kwee 89,255 50
PA Kramer 175,317 13,574 V Kwiatkowski 154,737 3,166
JG Kretzschmar 133,560 7,069 C Kwok 108,153 1,100
CR Krienke 210,723 0 JC Kwok 134,458 556
JM Krilow 144,047 4,399 MW Kwok 132,805 574
SL Kritikos 80,476 0 NB Labadie 213,275 1,964
MG Kroeker 229,890 7,162 NL Labadie 204,094 27,303
B Kroetsch 213,138 13,308 JR Labelle 158,907 12,882
RW Krug 88,613 1,865 JR Labonte 111,914 8,623
SG Kryuchkov 122,444 900 RS Lacheur 164,431 1,989
R Krzman 175,614 1,505 GS Lachmanec 134,025 25,444
A Kuang 111,265 12,287 DK Lachuk 112,392 0
J Kuang 118,997 0 SR Lackie 80,504 3,000
X Kuang 111,022 494 A Ladak 122,953 813
E Kubos 159,142 2,963 AG Ladanga 78,728 0
YN Kudva 88,831 0 RA Laekeman 147,951 3,548
AT Kujawiak 146,691 4,161 C Lafferty 136,136 711
MJ Kula 203,085 13,175 WD Laflin 128,138 3,332
K Kulangara Ranjit 89,542 0 MG Laframboise 118,364 4,061
PK Kulshreshtha 148,954 789 LK Lafreniere 82,259 2,439
A Kumar 291,233 5,100 A Lagnado 154,850 500
M Kumar 177,303 19,744 AM Lai 99,482 0
P Kumar 133,653 4,037 C Lai 107,994 1,087
R Kumar 106,583 494 K Lai 91,590 1,670
RJ Kuramoto 123,498 2,031 MK Lai 148,615 761
S Kurian 119,283 420 N Lai 89,481 0
H Kurnia 75,794 50 CL Laidlaw 79,830 3,982
T Kuthar 90,159 76 KA Laidlaw 162,599 6,559
I Kuun 196,459 494 RP Laidlaw 172,326 765
VR Kwallek 140,231 101 RD Laing 135,249 4,358
J Kwan 110,699 0 JS Laird 108,526 636
JC Kwan 79,461 0 DB Laity 122,898 20,947
LM Kwan 144,426 1,080 RV Lakhote 142,942 4,211

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on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

A Lalic 178,214 0 C Langner 122,335 968


K Lalonde 131,165 1,806 AR Langston 132,316 2,650
WL Laluk 102,662 2,930 JE Lardizabal 88,537 0
A Lam 179,102 3,348 MV Larga 101,778 3,209
AF Lam 169,160 2,935 T Larsen 161,777 7,307
AT Lam 98,230 100 C Larson 126,000 4,608
BC Lam 89,518 0 CR Larson 176,744 33,778
H Lam 105,833 1,165 RL Larson 90,658 2,345
JW Lam 147,472 1,100 SJ Larson 150,635 11,194
JW Lam 100,678 210 KA Larter 113,922 585
K Lam 104,905 3,822 TD Larue 177,382 4,938
M Lam 97,821 0 N Lashari 79,452 790
SN Lam 123,739 1,219 M Lassam 118,268 5,057
TN Lam 80,571 0 JB Lastavec 123,685 7,930
WW Lam 108,149 100 M Laszczak 130,798 0
K Lamarre 186,486 25,199 J Laturnus 156,182 1,984
D Lambe 169,389 17,745 JS Laturnus 116,324 3,926
JJ Lambert 116,894 200 A Lau 125,345 494
CA Lamont 150,739 7,103 AY Lau 137,305 567
RW Lamothe 142,096 20 C Lau 105,695 191
SJ Lancashire 181,982 15,625 EY Lau 118,863 1,050
K Lancaster 93,437 363 KP Lau 152,836 2,550
M Land 140,195 3,434 KW Lau 202,598 8,386
A Landas 235,690 19,787 KM Lauridsen 90,686 16,345
M Lande 130,883 24,315 S Lauridsen 116,805 420
DW Lane 113,000 10,320 TA Laurie 180,152 916
WM Lane 134,478 9,188 SN Laurila 143,038 14,084
J Lang 163,292 2,765 LA Lauron 86,189 17,219
RM Lang 186,345 1,766 JE Laursen 132,449 494
SM Lang 149,220 3,318 D Lautner 140,157 2,413
SM Lang 109,428 748 DL Lavoie 117,105 0
KJ Langdon 181,532 5,398 AT Lawley 98,001 3,996
CD Lange 142,875 193 C Lawrence 135,794 28,755
ML Lange 159,138 821 KC Lawrence 145,174 12,029
KV Langley 197,443 53,523 M Lawrence 167,800 10,506

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Schedule of Remuneration Paid to Employees and Expenses Paid to or Page No: 40 of 84
on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

S Lawrence 191,201 25,957 H Lee 160,843 869


RF Laws 131,228 47,382 H Lee 152,224 1,013
V Lay 123,860 50 HE Lee 108,758 1,100
TJ Laycock 151,905 417 HJ Lee 144,624 1,354
P Layne 111,128 155 IY Lee 115,356 23,640
G Layog 75,843 50 J Lee 96,703 1,525
RD Layton 298,894 13,398 J Lee 176,472 3,295
EA Lazarte 122,865 2,510 J Lee 111,009 985
AC Le Couteur 169,308 6,904 JA Lee 82,244 12,495
T Le Couteur 164,610 2,784 JC Lee 87,656 1,287
BA Leaf 143,397 28,348 JJ Lee 123,204 58
AC Leake 155,425 6,112 JK Lee 101,839 1,173
HM Leake 75,203 0 JS Lee 111,016 1,050
K Leakey 168,099 6,093 KC Lee 131,498 494
JD Leal 98,719 3,086 KK Lee 80,237 3,254
A Leano 113,514 256 KY Lee 179,661 494
KS Lear 119,792 195 M Lee 97,627 0
S Leason 150,251 20 M Lee 111,815 2,630
DM Lebedoff 123,667 1,558 M Lee 103,731 0
SL Leblanc 98,305 532 M Lee 84,666 50
T Lecavalier 86,851 619 MH Lee 133,910 1,224
P Ledesma 113,133 1,097 N Lee 121,195 1,103
A Lee 217,015 6,922 NJ Lee 98,339 175
AD Lee 96,034 677 PJ Lee 82,712 0
AH Lee 172,526 20,201 RW Lee 167,822 222
AM Lee 105,577 10,358 S Lee 123,896 3,313
B Lee 91,117 528 SJ Lee 151,307 0
BL Lee 138,258 494 SN Lee 135,603 4,289
C Lee 161,129 163 TS Lee 214,224 2,164
CD Lee 110,047 11,226 VY Lee 102,142 1,054
CH Lee 159,148 30,607 W Lee 80,367 2,646
CJ Lee 101,803 26 YS Lee 104,714 0
DT Lee 117,491 521 G Lees 100,210 1,664
G Lee 142,420 3,888 EA Lee-Young 142,336 150
GI Lee 136,270 1,470 JL Lefebvre 84,554 4,087

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on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

BM Legaree 77,956 100 MA Leung 135,920 501


JL Legaree 155,015 42,104 S Leung 132,193 420
CG Legault 171,371 7,989 S Leung 140,391 0
MT Legault 159,074 1,585 T Leung 115,880 91
CR Leggett 173,925 20,278 TN Leung 120,102 2,606
G Lehal 77,536 4,211 W Leung 151,405 60
GU Lehoux 166,014 9,821 E Levchine 115,047 544
DF Leidl 110,788 5,646 RJ Leveridge 131,598 5,874
RB Leier 132,271 624 D Levesque 212,077 1,714
G Leigh 82,935 130 RL Levetsovitis 133,026 0
MG Leigh 80,326 0 PB Lew 117,083 1,789
DE Leik 143,800 1,961 AG Lewarne 102,291 28,500
AR Leiper 113,063 16,027 AM Lewis 122,664 28,622
CM Leitch 149,882 1,284 BP Lewis 77,175 18,235
PA Leite 153,859 1,021 DR Lewis 184,873 1,790
L Lemaire-Smith 107,954 8,428 JJ Lewis 109,751 202
C Lemoal 108,349 17,328 JR Lewis 158,957 31,776
Y Leng 176,057 2,095 N Lewis 129,893 2,043
A Leonard 355,924 7,042 E Lewynsky 82,253 0
AR Leonard 178,184 1,496 B Li 97,190 11,867
MG Leonard 137,272 35,736 D Li 79,738 100
C Leong 136,388 4,825 G Li 142,089 1,511
MK Leong 101,284 140 J Li 145,136 5,654
DJ Leoppky Halirewich 169,300 21,906 J Li 113,942 688
MP Lepine 113,351 98 J Li 152,985 4,370
D Lerose 118,741 250 J Li 118,778 7,209
J Lesage 120,448 1,890 J Li 128,000 2,058
PB Lesowski 119,971 9,906 JK Li 85,337 0
J Lessard 142,909 2,831 JY Li 133,985 843
DD Lester 105,304 0 KY Li 146,911 1,470
IC Letkeman 156,208 5,154 M Li 130,546 9,533
TR Letkeman 146,323 289 M Li 97,923 185
CW Leung 113,587 3,100 M Li 101,728 3,557
JS Leung 78,327 2,046 MF Li 125,396 0
K Leung 106,632 315 S Li 123,955 494

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on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

SH Li 88,881 226 MR Lindsay 117,807 0


SX Li 107,699 1,050 W Lines 94,701 1,231
TC Li 149,360 1,804 AG Ling 141,539 1,722
VY Li 98,639 935 CY Ling 113,458 298
W Li 131,550 544 QQ Ling 76,165 75
Y Li 146,601 33,601 T Ling 149,733 100
Y Li 163,860 1,087 CJ Linklater 78,074 0
C Liang 105,799 7,183 DL Linklater 77,787 977
FJ Liang 100,483 107 A Lino 86,863 905
H Liang 75,571 155 JD Lintunen 180,263 1,313
I Liang 129,304 1,050 DR Lipischak 134,298 1,747
Z Liang 100,682 984 A Lishman 138,376 14,263
C Liao 75,227 19 F Liu 126,997 692
V Liberatore 111,346 1,835 F Liu 122,020 1,868
RB Lidstone 230,589 43,953 GJ Liu 113,277 50
KA Liebaert 167,227 1,426 HY Liu 156,358 1,144
AM Ligaya 115,854 0 K Liu 147,555 1,050
BE Light 151,266 15,389 RK Liu 165,490 3,200
E Lim 101,006 1,606 T Liu 129,628 1,244
IS Lim 109,426 0 VP Liu 95,504 1,050
T Lim 135,434 3,977 W Liu 79,109 494
SK Lima 127,793 1,014 Y Liu 78,984 0
S Limchareon 119,191 669 Y Liu 165,582 29,138
KK Lim-Kong 146,252 752 Y Liu 117,995 594
C Lin 98,583 8,765 H Liu-Atkinson 119,982 431
E Lin 154,658 412 BE Lloyd 195,041 1,147
FC Lin 248,577 3,700 JY Lo 155,175 64
HL Lin 126,192 494 M Lo 118,599 930
KQ Lin 146,941 1,520 S Locicero 127,932 2,516
S Lin 125,891 5,785 D Lockhart 216,625 9,456
XP Lin 114,147 1,050 KA Loeppky 125,141 639
Y Lin 139,718 5,770 SD Loeppky 178,750 2,279
BA Linden 114,875 723 AC Loewie 179,416 3,284
VT Linden 86,857 84 ME Lohr 188,302 4,881
GR Lindsay 145,781 8,809 R Loji Roji 159,838 340

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Schedule of Remuneration Paid to Employees and Expenses Paid to or Page No: 43 of 84
on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

JA Lombardo 225,978 78,374 MM Lu 99,006 65


JN London 185,892 2,833 PJ Lu 250,457 17,753
KM London 205,399 14,435 S Lu 94,709 0
DF Long 181,128 24,005 W Lu 75,263 25
SJ Long 78,347 0 W Lu 107,403 3,594
Y Long 117,409 0 X Lu 96,215 0
MA Longland 117,140 907 K Lucas 128,974 782
RW Loo 130,567 1,100 LM Luchinski 89,328 100
P Loodu 120,622 494 AS Lucky 115,094 4,040
C Lopes 133,469 0 RP Luem 107,124 266
BT Lopez 165,317 1,340 AM Luey 111,974 1,126
J Lord 177,424 528 B Lui 112,774 17,415
RK Lord 143,230 3,703 M Lui 84,468 3,536
CS Lorenz 175,438 12,420 OA Lui 162,642 290
DE Lotina 114,619 41 D Luis 127,667 7,873
Y Lou 136,840 427 R Luk 111,840 494
AF Louie 139,739 1,050 D Lukianenko 80,481 0
H Louie 166,762 1,758 DP Lukoni 142,726 10,501
KG Louie 126,043 0 MJ Lukoni 178,935 7,706
G Louis 150,378 1,059 AK Lum 95,065 741
A Loukas 112,349 26 CM Lum 108,010 1,050
K Louman-Gardiner 83,352 677 AT Lumb 108,191 60
KM Louwers 109,701 7,596 EL Lund 118,612 226
RC Lovino 97,824 0 SB Lunderville 114,607 1,626
V Lovric 135,903 1,343 J Lunn 141,715 3,307
BC Low 108,681 5,478 J Luo 86,794 50
KW Low 112,383 1,160 W Luo 155,991 1,617
SL Low 78,664 0 Z Luo 82,288 1,040
RT Lowdon 125,952 1,851 C Lupton 91,684 1,740
JL Lowe 212,705 33,882 LW Lupul 87,126 7,018
RA Lowe 118,172 3,295 DL Lussier 129,112 405
AZ Lu 118,785 4,974 MM Lussier 128,708 1,842
J Lu 160,924 4,483 JA Luu 106,665 2,910
KM Lu 198,336 141 T Ly 90,737 100
M Lu 160,457 9,828 MJ Lynn 168,770 412

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Schedule of Remuneration Paid to Employees and Expenses Paid to or Page No: 44 of 84
on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

J Lyon 90,359 1,912 BD Mace 80,928 8,563


B Lyseng 96,994 1,354 K Mace 191,887 3,319
B Ma 110,909 2,882 AB Macgillivray 124,991 29,427
B Ma 101,276 11,578 CJ Macintosh 134,778 7,495
E Ma 138,747 544 IG Macintyre 100,271 2,560
L Ma 109,376 115 DR Mack 120,766 2,482
M Ma 110,844 1,050 RW Mackay 115,723 0
SK Ma 123,254 5,357 AC Mackenzie 98,195 0
W Ma 112,152 802 CW Mackenzie 150,500 1,589
X Ma 121,011 20,251 S Mackenzie 88,279 0
P Maan 86,863 0 DA Mackinnon 94,811 3,907
RC Maano 131,249 155 JA Mackinnon 84,419 150
RI Macarthur 202,964 16,299 RL Mackintosh 157,482 535
JK Macauley 185,934 1,708 CL Mackus 89,644 2,968
RD Macayan 151,565 4,696 J Mackus 129,517 7,175
S Macculloch 112,044 0 K Maclean 150,199 31,285
JI Macdermid 193,830 9,323 TA Maclennan 110,633 1,403
AA Macdonald 80,623 17,223 NG Macleod 110,800 0
AB Macdonald 194,002 30,049 HS Macmath 97,423 22,575
AD Macdonald 158,311 2,183 CB Macmurchy 151,364 4,301
AD Macdonald 97,417 0 CJ Macneal 142,951 18,079
B Macdonald 179,360 19,565 K Macpherson 127,637 13,368
CA Macdonald 116,065 14,309 AJ Macrae 157,114 1,691
CM Macdonald 224,135 2,413 RT Maddalozzo 98,073 0
GI Macdonald 99,705 1,211 ML Maddatu 83,937 29
H Macdonald 89,673 402 J Madill 167,461 7,389
J Macdonald 136,670 2,288 S Madill 144,094 270
JL Macdonald 158,265 14,035 F Madjlessi 83,326 21
K Macdonald 97,944 3,515 S Magaril 91,543 1,174
L Macdonald 156,687 6,261 AP Magbojos 171,561 12,235
LJ Macdonald 114,831 3,008 PH Magdanz 180,784 1,889
ML Macdonald 114,045 13,546 R Magnayon 100,922 0
S Macdonald 110,119 4,552 LA Magre 163,616 482
TM Macdonald 126,824 2,438 AL Mah 131,040 1,393
AE Macdonnell 150,711 63,401 DM Mah 93,202 299

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Schedule of Remuneration Paid to Employees and Expenses Paid to or Page No: 45 of 84
on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

EJ Mah 171,437 783 NM Malmloff 77,115 192


ET Mah 167,573 2,130 JR Maloney 199,160 4,269
NS Mah 119,213 1,483 ML Maloney 110,658 5,865
TK Mah 180,674 494 T Maloney 110,419 5,342
I Mahamat Nour 75,025 2,076 DF Maltby 147,369 3,737
BC Mahan 84,495 27,914 MM Mamonluk 89,616 44
A Mahay 115,220 0 JR Managh 104,634 16,275
E Mahecha 145,490 1,440 AM Manansala 137,598 139
MN Mahmood 134,495 619 NV Manchon 148,563 3,356
J Mahon 110,344 5,272 PA Mancor 175,142 20,841
K Mai 133,577 3,717 LM Mancuso 129,031 742
SA Maikawa 137,165 2,274 A Mandair 250,113 7,586
A Mainprize 101,385 325 AS Mangat 133,004 1,401
ES Mainprize 197,082 15,157 SS Mangat 98,525 0
JC Mair 131,928 3,645 JE Maniezzo 128,795 100
DU Maizik 105,592 2,737 R Manning 193,036 2,441
N Majdanac 188,605 5,281 LJ Manson 152,173 4,309
F Majdzadeh 137,462 2,820 EN Mant 164,107 3,055
WJ Major 90,044 0 CB Manurung 120,133 4,834
WR Major 98,288 0 F Mao 146,987 4,924
G Mak 99,372 1,050 Y Mao 109,879 580
LK Mak 107,639 1,050 S Marashi 151,719 0
L Makischuk 123,669 4,515 JH Maravillas 100,658 1,050
J Malara 79,706 500 DE March 103,099 0
RJ Malcolm 230,281 24,360 SC Marcil 149,789 7,731
JN Maldonado 125,403 2,542 LL Marco 112,759 1,843
RJ Malecki 93,209 1,276 LL Marfori 81,479 6,682
V Maletic 87,860 215 J Marini 128,961 11,429
Z Maletic 119,988 3,220 TL Mark 116,071 1,346
BG Malfair 125,095 332 JB Markowsky 132,030 325
HS Malhi 112,530 10,662 TJ Marlowe 152,431 468
AH Malik 78,908 127 DJ Marner 214,968 35,454
E Maliuta 138,471 673 HH Marok 160,343 16,784
LS Malm 122,979 13,047 LA Marrello 103,057 1,465
MP Malm 163,420 0 MM Marrello 95,469 3,756

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Schedule of Remuneration Paid to Employees and Expenses Paid to or Page No: 46 of 84
on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

CL Marsh 158,327 3,573 DG Mason 213,939 8,844


JR Marsh 82,138 10,115 E Mason 87,357 125
RS Marsh 127,477 1,283 S Mason 171,805 5,266
BJ Marshall 130,076 2,246 S Mason 250,125 6,988
DJ Marshall 130,588 40 BW Masse 193,026 6,455
KP Marshall 110,030 13,605 CT Masse 218,902 29,259
L Marshall 122,018 2,646 SR Masse 108,499 1,721
LM Marshall 108,260 5,347 MB Massolin 122,107 0
RW Marshall 130,645 2,622 B Massullo 108,451 1,802
GW Marshinew 99,987 3,489 SJ Masters 76,068 584
G Martel 109,804 1,313 R Mastromonaco 161,296 1,801
MJ Martens 107,878 10,068 CM Matchett 202,486 908
CA Marti 85,539 1,134 JJ Matchett 216,621 5,085
CM Martichenko-Grilz 107,878 1,411 AW Matheson 131,139 31,079
C Martin 119,270 11,159 DN Mathiasen 177,023 1,057
CE Martin 124,762 50 PJ Mathot 153,062 1,806
DF Martin 156,246 31,921 H Mathur 121,658 772
E Martin 78,842 805 SW Matich 117,304 7,351
G Martin 172,472 3,936 JC Matt 149,275 3,385
JE Martin 111,034 3,230 DS Matterson 152,971 6,866
RJ Martin 122,628 736 DR Matthews 191,486 3,410
SA Martin 172,616 1,137 HM Matthews 269,065 20,280
Y Martinez Rodriguez 83,308 364 AB Mattock 151,354 4,016
DT Martini 197,946 72,327 MR Mattson 212,282 2,892
TG Martinich 187,382 494 MW Mattson 176,750 9,311
JL Martiniuk 137,155 610 V Matvej 177,824 955
AC Martirez 110,692 2,525 Z Matvejova 176,589 4,618
MM Maruno 81,469 0 PC Mau 139,809 2,468
J Marusenko 161,208 24,642 RM Mawdsley 92,667 217
S Mas 179,151 844 DM May 77,260 1,217
MR Maser 110,918 11,000 DW Maye 92,898 7,963
R Mashkoor 104,289 2,406 PR Mayenburg 111,986 505
AT Mashonga 177,031 10,825 J Mayes 134,037 4,538
E Masiene 97,065 22,417 DD Mayrhofer 182,682 6,324
BW Mason 189,310 1,525 F Maytorena 77,512 50

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Schedule of Remuneration Paid to Employees and Expenses Paid to or Page No: 47 of 84
on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

DS Mazur 137,183 445 DJ Mcdonald 174,192 7,366


N Mazzei 102,932 248 FB Mcdonald 98,181 2,302
A Mcalister 153,577 3,740 GN Mcdonald 170,202 8,660
A Mcarthur 107,602 22,369 HF Mcdonald 122,492 0
M Mcarthur 122,978 3,124 HJ Mcdonald 82,754 1,013
BG Mcastocker 141,965 1,525 S Mcdonald 83,377 741
CJ Mcastocker 202,716 60,030 SP Mcdonald 122,377 2,054
LG Mcastocker 189,632 6,134 J Mcdonnell 102,344 0
AK Mcauley 99,424 0 AM Mcdowall 178,434 923
TJ Mccallan 188,760 56,219 SM Mcdowell 119,794 4,962
A Mccallion 193,545 10,364 DB Mceachern 211,255 17,634
NC Mccallum 107,601 1,337 MD Mceachern 92,973 11,082
P Mccann 161,044 1,428 CP Mcelroy 148,350 246
DC Mccarthy 164,258 4,431 EF Mcewen 99,660 1,018
JM Mccarthy 120,118 50 GL Mcfarlane 154,553 39,250
KN Mccharles 89,962 987 GS Mcfarlane 120,113 470
JM Mcclean 157,790 1,742 SL Mcfarlane 94,715 96
N Mcclellan 82,908 1,563 J Mcfaul 96,364 3,114
CS Mcclinton 254,955 2,681 CA Mcgeachy 103,236 893
AG Mcclure 126,509 235 DR Mcgill 148,864 0
M Mccoll 142,217 11,032 BA Mcgillivray 122,615 -65
KJ Mccollum 114,176 1,746 MK Mcgough 188,723 400
DC Mccomb 127,193 1,137 MP Mcgoveran 120,683 5,248
KV Mccomber 125,295 19,662 LB Mcgrath 77,201 4,507
K Mccormick 243,257 3,166 K Mcgregor 126,214 5,130
PD Mccormick 80,374 0 SM Mcgregor 126,328 226
SC Mccormick 213,817 6,627 DA Mcguire 99,584 0
TL Mccormick 118,803 7,393 KA Mcinnes 148,285 27,990
SA Mccredie 180,096 2,658 MD Mcinnes 77,862 9,237
N Mccririck 112,655 1,147 KA Mcintosh 127,486 3,044
CJ Mccullough 157,107 2,244 R Mcintosh 178,390 4,792
D Mcdole 82,722 26 DG Mcisaac 98,573 6,892
AL Mcdonald 77,312 700 JL Mcisaac 93,204 6,499
BJ Mcdonald 83,630 6,874 B Mciver 243,496 3,958
DB Mcdonald 154,952 0 BT Mckay 184,743 8,435

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on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

CT Mckay 83,912 0 RI Mclellan 138,300 445


D Mckay 89,950 1,931 FF Mclennan 126,253 2,924
JC Mckay 91,116 0 A Mcleod 121,920 0
MA Mckay 111,330 2,519 SL Mcleod 145,617 9,564
RN Mckay 206,679 20,260 TK Mcleod 145,895 2,333
ST Mckay 204,153 188 D Mclorie 136,430 2,649
JS Mckeachie 152,681 1,560 LS Mcmanus 94,771 155
AJ Mckee 89,003 725 A Mcmillan 142,518 3,881
ZD Mckee 131,974 3,483 CH Mcmillan 236,791 21,196
JD Mckendry 137,485 14,088 JD Mcminn 145,850 73
MJ Mckenna 181,830 529 M Mcminn 203,495 15,274
KR Mckenzie 371,489 2,794 MD Mcminn 190,699 8,583
R Mckenzie 133,140 3,129 PL Mcminn 218,441 18,021
RH Mckenzie 173,758 5,586 KN Mcnabb 186,938 3,202
ME Mckeown 89,049 18,165 PE Mcnabb 85,578 644
MI Mckeown 131,647 1,232 GJ Mcnamara 136,913 3,690
DR Mckillop 133,658 1,333 H Mcnicoll 153,708 200
S Mckillop 89,455 0 B Mcnulty 149,881 1,898
TS Mckimm 245,449 36,180 CD Mcpherson 133,407 959
J Mckinney 198,443 3,353 CE Mcpherson 86,401 6,857
SM Mckinney 82,526 1,323 JW Mcpherson 231,992 19,466
DJ Mckinnon 126,698 22,432 R Mcpherson 198,180 61,006
DJ Mclachlan 119,591 0 A Mcqueen 144,250 2,355
S Mclarty 133,545 748 CT Mcrae 111,949 91
K Mclauchlan 99,468 389 KE Mcrae 137,424 795
SM Mclauchlan 85,215 7,823 NH Mcrae 111,974 11,946
KB Mclauchlin 121,873 159 SA Mcrae 202,256 10,809
BF Mclaughlin 140,585 11,309 GD Mctaggart 187,718 0
NA Mclaughlin 138,640 0 JH Mctaggart 177,848 17,817
TE Mclaurin 146,419 47,273 MK Mcteer 107,201 458
J Mclean 101,446 0 EJ Mcwaters 226,341 6,961
K Mclean 147,853 287 C Mcwhirter 144,038 2,353
RB Mclean 149,849 208 MP Megens 117,927 1,499
S Mclean 176,060 1,943 BJ Meger 127,598 938
IC Mclellan 160,111 1,651 BW Meger 159,243 18,209

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on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

M Mehrayin 138,454 1,120 KD Michnik 134,724 22,367


TA Meiorin 78,295 9,294 FL Micholuk 178,250 585
DP Meirelles 105,512 20 RF Micholuk 175,352 22,968
D Melanson 144,382 8,412 S Micovic 93,819 0
SW Melcosky 201,903 281 Z Micovic 176,265 13,431
TF Melegrito 88,814 5,781 CD Micu 150,136 15,668
G Melton 121,878 6,218 BJ Middleton 93,177 0
CF Mena 110,133 0 HM Middleton 162,474 26,190
M Mendoza 84,183 0 JJ Middleton 109,744 110
RS Mendoza 126,014 0 K Middleton 154,802 929
XK Meng 76,146 2,221 PE Middleton 106,930 1,633
DN Mengering 157,534 28,018 RJ Middleton 86,659 264
CP Menu 176,923 3,830 MA Midgett 210,260 4,720
MW Menu 152,619 2,393 I Midttun 76,467 0
PD Mera 159,199 10,773 JC Miedema 150,974 3,305
L Mercado 80,664 100 V Mihai 105,461 1,486
B Mercer 142,173 1,946 L Mikler 83,549 0
SR Mercer 199,485 17,303 ED Milan 77,020 0
CR Mercereau 208,928 14,619 AL Milde 81,443 24,679
CL Merchant 165,866 2,775 A Milenkovic 136,958 220
AS Mercredi 145,375 2,749 P Milenovic 78,055 0
SC Merriman 124,639 7,093 JW Millard 219,267 887
SJ Merriman 139,655 1,696 AJ Miller 140,625 50
PK Merth 161,202 1,120 BJ Miller 116,840 10,566
MA Mertion 203,273 4,486 EJ Miller 143,151 4,661
S Mesghali 141,695 8,567 JR Miller 218,535 12,605
CR Messer 147,643 6,288 K Miller 84,089 0
R Messerschmidt 127,839 65 KR Miller 146,403 12,215
RJ Metcalf 142,057 1,184 ML Miller 76,550 376
J Metcalfe 167,928 1,240 MR Miller 160,242 15,190
B Mewhort 160,881 2,977 R Miller 90,711 50
KW Meyrink 82,015 0 RJ Miller 112,110 2,684
M Mharapara 106,275 20,558 S Miller 110,559 10,035
A Michaud 183,076 32,892 SJ Miller 102,127 87
TL Michaud 96,167 501 T Miller 148,256 1,662

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on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

BD Mills 132,475 200 SL Molenaar 173,834 14,957


K Mills 92,531 3,398 KN Moller-Hansen 141,291 47
LJ Mills 152,594 3,122 A Moloney 150,114 3,237
R Mills 156,211 295 M Momen 98,040 694
RJ Mills 205,905 8,310 EB Monaghan 101,701 409
GW Milne 162,795 29,875 JD Moncada Cardona 113,258 0
K Miltimore 138,938 3,927 M Moniruzzaman 159,854 963
CJ Minard 132,035 36,180 CR Moniz De Sa 131,132 1,029
ML Minichiello 171,404 11,400 RW Monk 206,428 20,039
RH Mir 134,167 994 TM Monk 95,872 624
A Mirfatah 121,506 4,030 VA Monkman 94,524 0
SB Mirza 125,135 15,673 EJ Monleon 81,648 0
DD Miskovich 95,251 17,586 ER Monleon 129,962 50
DA Mitchell 151,155 658 CW Montague 131,433 632
DD Mitchell 220,778 17,850 JL Montanti 80,517 0
JC Mitchell 127,768 7,533 DM Monteith 82,439 3,278
L Mitchell 103,013 1,513 JA Montgomery 248,955 151
RL Mitchell 108,283 0 SH Montgomery 200,530 46,051
T Mitchell 127,831 570 K Montrichard 150,150 420
TR Mitchell 100,120 297 V Moo 251,068 1,118
CE Mitha 348,123 19,168 KL Moon 82,322 250
SA Mitha 75,819 0 BE Moore 179,128 7,302
AE Mithani 112,839 692 JC Moore 128,053 156
DM Mix 156,896 5,776 PC Moore 140,301 4,176
BA Mock 83,304 6,780 RW Moore 106,644 2,310
KR Moeller 123,228 2,714 CA Moraice Winter 122,539 0
RT Moffat 133,492 6,848 PF Morales 94,686 599
DW Moffatt 129,888 4,661 RF Morales 80,530 4,540
S Mohamed 89,335 3,982 RL Morales 146,334 16,531
B Mohammady 159,274 11,125 DR Moran 108,777 2,402
B Moini 140,940 694 R Moran 75,767 0
JT Moini 171,323 3,555 M More 128,375 420
CK Mok 114,669 1,050 G Morello 111,981 197
A Mol 122,586 207 CA Morgan 135,229 5,958
KP Molenaar 205,800 8,388 JJ Morgan 131,406 41,072

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REMUNERATION EXPENSES REMUNERATION EXPENSES

BD Morice 102,420 0 CH Mowbray 128,509 420


S Morii 181,786 7,415 CJ Mowbray 153,478 9,507
K Moritz 154,012 3,974 IA Moxon 193,807 3,321
BJ Morran 165,270 24,205 RG Mroch 164,318 14,973
DL Morris 156,872 0 GA Muckle 91,466 1,710
LP Morris 78,572 918 SS Mudaliar 166,238 7,046
MA Morris 285,848 18,050 BA Mughal 83,134 0
R Morris 124,196 10,849 N Muhammedkunju 114,954 0
WJ Morris 81,470 1,609 JS Muir 147,996 5,771
JJ Morrison 96,377 8,747 JM Muise 82,259 28,147
KL Morrison 133,516 166 J Mujcinovic 80,040 37
MA Morrison 81,863 13,818 M Mukai 121,404 4,610
MC Morrison 141,640 22,912 GB Mukkavilli 208,052 1,222
PJ Morrison 141,626 1,001 G Mulchrone 79,890 8,800
C Morrow 112,782 8,362 F Muljono 119,594 1,334
DA Morrow 174,834 7,841 JN Mullard 186,954 4,866
SK Morton 137,912 5,124 BG Mulligan 107,218 4,751
F Moscatelli 131,549 4,721 GJ Mullin 188,684 10,226
KJ Moses 169,720 15,891 RG Mullin 173,764 139
SE Mosiuk 148,092 14,009 TB Mullin 86,191 18,818
S Moslehi 101,831 2,312 GW Mullins 109,093 3,463
TA Mosley 130,376 2,209 S Mullins 161,730 1,021
B Mossop 150,025 5,881 CA Munro 120,170 2,064
DJ Mosure 105,926 1,614 KC Munro 208,358 2,178
S Motamedi Mohammadian 164,272 2,766 SJ Munro 85,029 0
A Motamedi-Sedeh 117,994 1,923 TR Munroe 123,827 494
D Mott 138,469 18,363 T Muratori 101,492 3,846
LM Mott 145,780 2,793 BT Murphy 181,463 9,098
PJ Mottishaw 172,608 2,509 LP Murphy 100,112 2,086
BA Moul 132,807 0 P Murphy 92,898 0
JC Mounsey 159,600 763 TE Murphy 110,646 22,283
M Mousavi-Jarrahi 133,998 13,384 WP Murphy 110,550 0
M Movahed 120,848 0 PJ Murray 129,620 57,200
WA Movold 110,449 1,320 SD Murray 175,813 1,292
K Mowat 136,825 6,532 D Muschette 149,475 0

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on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

HR Mussell 85,323 35 GT Neary 194,273 2,297


MD Mussell 85,614 6,462 R Neden 120,240 121
G Mustafa 89,045 7,394 KJ Neef 191,948 11,053
JC Mutanda 106,115 1,936 T Neighbour 107,432 3,556
RP Mutukutti-Arachchige 185,236 800 VP Neil 175,049 2,085
CJ Muzyka 93,930 5,223 CE Nelsen 100,442 606
AT Myers 139,450 6,564 CP Nelson 107,406 260
MJ Myers 112,836 4,579 EJ Nelson 141,676 4,101
RA Myhal 91,256 6,563 GM Nelson 177,296 8,639
C Mylrea 114,193 13,892 J Nelson 169,686 5,801
F Myram 164,221 3,439 JR Nelson 211,299 1,460
ME Myres 133,947 2,029 KA Nelson 103,240 28,151
CB Mytting 145,109 2,917 NR Nelson 196,116 1,206
S Nabavi-Razavi 99,334 1,621 TL Nelson 132,059 4,645
RA Nacionales 117,598 94 L Nemati 104,311 2,085
MR Nadeau 114,667 2,091 N Nepal 81,081 1,479
RP Nadeau 137,934 11,766 EJ Nephin 138,334 1,371
MD Nadrozny 120,096 40,391 L Nepomuceno 103,858 32
M Nagpal 243,702 8,641 B Nera 110,405 351
R Nain 116,607 0 DJ Nernberg 179,235 741
AB Nair 129,524 3,339 V Nesterov 101,489 5,317
JW Naisby 148,129 7,194 DE Neubeck 113,109 850
MA Naraine 83,618 5,085 J Neufeld 168,404 8,382
SD Narayan 79,470 0 GL Neufeldt 170,002 0
LY Nasiri 100,816 0 A Neuman 185,216 84
M Nasry 121,099 8,890 S Neuman 88,832 606
ST Nassachuk 114,472 1,709 K Nevissan 102,785 0
MD Natic 79,446 10,096 WJ Newby 108,307 4,617
K Naunton 138,470 619 MR Newland 173,236 7,000
HA Naveed 153,176 5,360 J Newman 126,392 1,290
CR Naylor 99,494 931 KF Newman 117,521 7,535
MM Nazer 120,310 781 TA Newman 86,849 5,963
L Ndoh 169,988 2,950 B Newson 161,261 6,215
BP Neal 162,771 8,490 S Nezafatkhah 122,250 582
RH Neal 101,517 9,415 KK Ng 151,521 1,053

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on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

S Ng 105,723 9,986 M Nikoo 136,722 1,541


S Ng 130,770 2,224 BS Nilson 79,210 0
SH Ng 94,709 408 K Ning 84,875 0
TT Ngo 151,987 471 BJ Nipp 188,503 1,011
CM Ngom 149,132 3,371 DJ Nishi 111,883 0
CK Ngungu 78,250 0 S Noble 113,832 0
T Nguy 114,214 2,208 SL Noble 91,029 6,267
A Nguyen 115,935 0 BA Noel 92,400 24
K Nguyen 99,333 0 CR Noel 120,981 13,560
SP Nguyen 94,746 100 RP Noga 124,991 12,396
TD Nguyen 115,347 0 CF Nole 111,181 17,660
TM Nguyen 77,884 425 Z Noorani 105,058 315
IS Nichifor 140,667 1,105 BW Nordal 143,207 1,684
KH Nichiporik 175,476 19,946 JE Norman-Martin 81,708 3,349
W Nichiporik 136,536 17,256 AJ Norris 140,372 966
MW Nichol 155,136 493 AS Norris 131,108 2,183
TR Nicholas 126,090 420 DD Norris 165,725 6,403
SW Nichols 106,150 8,652 TJ Norrish 222,344 16,395
T Nichols 167,186 37,876 SD Northridge 114,919 8,338
WR Nichols 175,139 1,569 T Noskova 92,487 0
BD Nicholson 109,540 35,715 G Nowakowski 257,337 22,612
S Nicholson 81,116 0 JJ Nugent 243,386 3,855
MP Nickell 127,223 14 JA Nuila Zometa 103,957 2,234
C Nicolas 77,983 894 PT Nundal 168,747 13,925
DT Nielsen 137,534 780 CA Nunn 115,175 3,608
F Nielsen 134,573 41,978 W Nustad 145,052 16,811
KL Nielsen 170,556 1,070 V Nwokeji 209,132 8,517
RC Nielsen 190,866 494 RA Nyden 142,763 7,054
B Nieto 81,061 0 CE Nyrose 163,655 8,908
ML Nikiforuk 112,039 50 JT Nzambu 140,172 0
MJ Nikkel 189,795 2,771 J O'Brien 84,149 6,105
M Nikmaram 110,367 0 ZS O'Brien 101,257 643
I Nikolic 133,508 2,219 D O'Connor 126,971 224
H Nikolov 197,266 4,739 DR O'Dette 145,357 2,853
MT Nikolova 140,736 0 BZ O'Donnell 131,750 1,922

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on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

SJ O'Donnell 115,305 777 KD O'Neill 126,652 4,484


V Odyegov 125,783 13,071 DG Ong 164,779 3,756
II Ogbatue 120,744 4,754 I Ong 110,103 -557
W Ogoh 193,475 26,516 JL Ong 90,697 1,050
DA O'Gorman 116,375 63 RD Onida 87,682 0
JM O'Grady 146,684 64 YO Onifade 175,618 2,324
B Ogunsola 94,794 0 K Orchard 172,549 19,233
A O'Hara 157,512 14,611 G Orchiston 98,315 1,058
KM Ohman-Relph 137,587 9,237 CM O'Reilly 101,215 123
S Okilj 91,085 0 BR Organ 217,864 4,986
D Okwaning 125,854 494 AM Oriani 94,508 250
S Olafsen 88,881 2,870 CK O'Riley 497,733 13,614
DJ Olan 163,088 1,949 KN O'Riordain 154,702 0
TF Olan 98,395 25 JL O'Riordan 79,839 75
JT O'Laney 208,232 3,132 TB Orme 136,018 8,262
TS O'Laney 158,325 6,052 A Ormiston 205,278 8,811
T Olcay 133,491 3,705 BE Orr 188,495 1,960
BM Oldford 176,770 8,823 JL Ortiz 90,597 1,799
SE Oldham 120,440 7,020 M Osborne 141,639 0
RE Oldman 185,078 7,609 K O'Shea 86,624 306
SA Oleson 135,825 1,050 V Ossipchuk 131,666 6,108
S Olia 95,344 406 M Ostadi 157,505 14,074
BT Oliver 179,479 39,628 DH Ostendorf 147,444 35,673
A Olivier 109,617 8,599 JR Ostrinski 174,548 2,022
MD Olivier 98,447 45 MT Oswell 150,704 5,913
BA Olsen 165,222 19,072 EM O'Toole 81,562 839
NG Olsen 90,635 0 D Ouellet 148,653 1,278
HL Olson 85,636 1,373 K Ouellette 155,717 37,686
JM Olson 109,949 14,524 DT Oussoren 151,291 14,352
SR Olson 184,032 4,483 I Ovechkin 112,820 20,469
SG Olsson 95,181 4,870 SJ Overton 137,125 43,487
O Olund 141,162 2,494 T Owen 87,918 100
TD Olynyk 182,532 13,423 NF Ozog 148,599 1,599
TJ Olynyk 133,971 1,044 L Pabico 121,604 13,259
KM O'Neil 141,477 4,287 RS Pablico 89,354 0

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on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

AG Pabustan 76,461 0 JS Pannu 126,979 186


FG Pabustan 95,050 0 D Papadoulis 196,239 5,420
RP Pachchigar 140,474 1,480 A Papaspyros 117,555 292
C Pacheco 136,506 4,948 D Paphitis 131,881 3,540
DP Padron Pardo 117,796 379 KL Pappas 108,324 0
R Page 164,633 374 PA Paquette 143,742 3,080
AA Pahlad 79,093 0 AJ Paquin 163,380 239
SC Pai 217,406 919 GP Paradela 155,175 12,233
JI Pajak 84,755 1,407 JA Parco 121,160 31,557
S Pajouhesh 137,120 2,494 ME Pardhan 127,933 15,782
S Pajouhesh 107,981 4,953 JJ Pardiac 149,269 8,827
FM Pakzat 130,667 0 B Park 75,499 555
R Pal 153,710 49,420 C Park 112,577 6,899
N Pallan 78,063 25 J Park 98,476 3,126
R Paller 114,704 0 JA Park 88,894 0
AG Palma 89,534 1,214 BT Parker 96,168 12,951
DT Palmer 92,542 38,480 HJ Parker 210,295 1,840
GJ Palmer 166,414 1,883 NA Parker 171,496 8,850
JA Palmer 201,680 579 NP Parker 151,954 8,372
JL Palmer 107,832 189 RK Parker 159,495 980
LG Palmer 119,993 20 V Parkhouse 97,980 240
O Palmer 166,766 6,432 BJ Parkin 158,140 4,027
SW Palmer 112,385 4,572 A Parmar 101,388 1
H Pan 158,977 30,635 G Parmar 294,158 11,688
P Pan 90,526 50 JS Parmar 142,898 3,696
X Pan 97,649 1,050 S Parmar 189,360 3,622
Y Pan 106,733 6,539 BG Parsons 79,926 528
Z Pan 160,819 852 JJ Parsons 142,508 1,183
RI Panattoni 139,577 7,513 ML Parsons 119,031 30,902
BS Pancho 156,589 1,547 WK Parsons 108,160 0
DS Pandher 125,860 20,001 CW Partington 94,705 7,723
AS Panesar 101,683 1,557 N Parya 115,271 494
SM Pang 146,266 1,198 RD Pascoe 193,887 0
J Panganiban 88,247 1,201 CD Passey 139,946 1,602
GS Pannu 116,357 6,078 D Pastro 119,884 542

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on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

B Patan 87,600 0 LK Peacock 92,521 3,147


KM Patel 165,962 330 S Pearce 114,547 3,532
M Patel 142,002 10,048 KD Peck 318,493 6,175
NC Patel 130,747 791 BP Peco 170,968 8,989
RR Patel 113,740 56,119 MA Pedersen 186,299 0
BN Patola Moosmann 78,235 3,252 KJ Pederson 169,232 229
KM Patouillet 164,327 7,227 BR Peel 172,895 1,013
SR Patouillet 162,927 13,126 EM Peetoom 147,749 1,455
CW Patterson 141,711 0 RJ Peever 100,268 0
DA Patterson 83,922 250 CP Pelletier 120,017 5,274
JL Patterson 186,313 125 MD Pelletier 164,333 638
WL Patterson 120,364 239 TJ Pendergast 166,819 16,058
AW Pattinson 153,561 1,532 J Peng 116,084 225
HC Patton 172,885 2,259 JS Peng 132,896 2,330
JS Patton 114,437 889 X Peng 162,814 19,299
KM Patton 93,244 13,349 GL Pengilley 96,077 167
N Patton 80,664 0 O Penner 118,458 2,225
AW Paul 133,267 934 HT Penney 93,937 7,356
J Paul 187,674 7,478 LE Penney 84,041 38,746
RB Paul 149,158 2,739 S Penney 154,008 3,979
SR Paul 110,778 0 R Penrose 150,182 2,408
JD Paulus 153,370 50 T Penton 152,971 2,729
BD Pavlik 194,242 13,607 BR Percival 106,498 303
RC Pavlik 146,913 7,162 E Perczynska 93,686 100
S Pavlov 128,692 1,737 CG Pereira 98,661 0
S Pavlovic 164,991 3,972 M Perepolkin 126,320 311
D Pawlachuk 174,489 3,586 AT Perera 109,935 2,391
ML Pawlett 103,180 40,910 T Perewernycky 112,292 369
AP Paydar 109,561 1,050 TJ Perigo 128,660 2,389
DA Paydar 75,329 100 GU Perkins 139,877 6,301
AV Payne 157,153 3,930 RW Perkins 173,624 76
BR Payne 161,631 2,619 L Perkull 128,167 15,626
GA Payne 105,130 250 JD Peron 138,032 466
KR Payne 111,729 0 GD Perrins 192,162 0
O Pazukha 132,253 83 CJ Perro 234,477 66,654

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on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

D Perry 160,465 7,201 J Phillips 109,097 1,405


JR Perry 123,704 6,730 JN Phillips 192,193 1,768
MJ Perry 263,425 1,371 GR Phinney 99,936 28,772
SB Perry 116,584 3,680 FL Phoon 77,117 26
C Pesic 109,815 1,891 D Piatek 110,903 10,035
AA Peters 189,706 2,876 AR Pienaar 81,675 886
B Peters 120,449 1,366 AT Pierce 181,497 16,690
CM Peters 92,987 2,117 BJ Pierce 151,113 9,627
J Peters 108,413 0 RD Pierce 124,872 0
MA Peters 201,699 14,216 P Pietramala 149,557 1,050
SM Peters 179,173 8,220 TM Pietrzak 117,487 4,980
TL Peters 187,562 1,797 DL Pigeau 105,041 366
CB Petersen 216,220 16,647 A Pigott 136,023 0
CL Petersen 111,723 1,298 J Piilo 222,258 9,435
LR Petersen 270,919 13,407 SJ Pilapil 99,159 1,914
E Peterson 108,377 132 RJ Pilkington 130,812 55
EJ Peterson 83,429 102 S Pilkington 95,683 250
KA Peterson 103,540 399 SD Pilkington 133,590 4,205
NP Petkau 161,227 2,498 PG Pillay 144,712 3,264
SG Petrie 108,150 0 LV Pillon 203,414 4,199
M Petrovic 125,221 1,027 DG Pilon 88,678 50
E Petrucci 162,191 4,825 J Pimentel Filho 115,685 0
M Petrykowska 161,599 2,073 R Pimer 151,821 0
N Petryshyn 88,467 50 AJ Pineau 187,562 37,845
N Petryshyn 108,692 0 J Pinkenburg 224,412 5,642
DN Pettet 166,777 494 A Pinksen 178,874 106
RK Petty 130,998 0 S Pinkus 86,837 0
SA Phair 168,775 21,720 KL Pinton 78,351 2,398
DA Phalen 135,404 67,140 M Piscociu 123,833 5,169
L Pham 119,074 2,352 CS Pitt 114,188 2,108
L Phan 147,659 1,313 RA Pitts 82,478 12,648
S Phang 140,784 18,454 W Pizandawatc 90,453 4,505
MM Phelps 85,537 3,363 JM Pizzey 151,120 3,559
B Phillips 103,058 36 RA Planinshek 204,111 420
J Phillips 191,825 9,560 DR Player 77,530 2,540

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on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

JD Plunkett 179,833 1,692 DJ Potter 173,593 12,971


KP Po 127,488 970 GR Potter 144,555 12,099
DS Pochailo 209,983 10,881 MR Potter 144,600 0
S Pocuca 139,249 0 JC Pottier 185,739 5,047
RO Poirier 141,305 3,220 RW Potts 171,279 46,762
W Poirier 143,474 9,609 CN Poulin 115,109 150
CD Poitras 146,613 1,965 S Poulsen 95,915 1,919
RE Poland 170,360 6,165 S Pountney 191,992 11,989
HL Polkinghorne 101,275 0 H Pourchi 123,316 0
MR Polkinghorne 76,913 49 M Pourkeramati 122,337 594
WT Pollard 194,721 10,135 C Powell 117,677 2,911
BJ Pollon 118,593 7,734 DI Powell 143,341 112
RD Pollon 166,397 1,550 C Power 78,758 3,594
J Polman Tuin 77,581 1,398 J Power 113,188 1,788
GA Polok 200,764 1,373 JF Power 118,372 7,932
M Pomeroy 147,412 48,990 JR Power 75,138 315
HM Pommier 187,846 741 VM Power 166,052 1,182
KA Pomponio 80,278 3,085 SC Pozzo 158,844 795
I Poniz 156,217 913 P Prabhakar 93,882 2,075
LA Ponto 187,871 3,672 MD Prachnau 142,639 34
K Poon 142,603 609 AC Pradhan 184,040 606
P Poon 130,957 269 KA Pratt 105,823 7,203
MS Pooni 108,970 1,695 SL Praught 131,760 1,645
PS Pooni 158,623 0 R Presgrave 137,186 0
RS Pooni 137,104 14,866 GR Presta 97,526 2,031
K Pooyafar 164,732 5,784 AD Price 138,516 1,942
R Pooyeh 123,162 634 S Price 120,951 2,172
KE Popoff 240,609 11,149 TW Price 75,466 1,041
A Porato 106,854 167 BA Priest 100,410 3,983
GN Porbeni 140,402 6,425 BA Pringle 77,088 1,502
S Portelance-Blanchard 111,188 1,074 GL Pringle 129,578 3,000
D Porter 131,387 12,310 RG Pringle 109,458 544
KL Porter 94,298 1,567 V Prinja 174,420 4,073
I Portnova 137,990 977 ND Prior 198,050 3,505
J Portras 138,729 0 SL Prior 114,485 8,780

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on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

R Proch 149,461 407 CA Quinn 146,578 420


PR Procter 103,158 2,274 KL Quinn 101,382 4,290
S Proctor 115,578 494 R Quinn 116,623 494
JR Profitt 113,061 420 S Quinn 200,742 7,192
AG Pronger 110,310 7,088 SP Quinn 164,621 175
M Prosperi-Porta 228,828 599 C Quon 101,945 1,870
KD Proudlove 124,545 390 JC Quon 188,518 1,848
ML Prouse 143,599 15,488 SC Quon 155,182 902
A Provinciano 122,944 17,858 TB Raagner 127,610 100
M Prpic 185,552 494 R Rabiei-Talkhoncheh 160,448 4,875
DJ Pruden 126,656 24,857 C Rachjuck 85,886 0
CP Puleo 178,771 227 DE Racho 125,470 242
AL Pulford 163,055 5,909 CJ Racz 167,971 25,604
S Pulford 152,813 2,207 FF Rad 112,025 5,526
P Pun 109,623 1,050 BJ Radloff 140,910 494
MO Puno 115,280 0 GL Radmacker 107,175 1,584
J Purych 168,172 12,929 JG Radmacker 131,023 16,336
N Pusayanawin 145,079 0 DJ Radom 135,628 7,070
J Qi 125,519 1,050 DE Radwanski 118,692 6,898
Y Qin 121,407 1,050 A Radziwon 150,458 2,306
Q Qu 115,019 3,367 GD Raga 159,572 1,376
XJ Qu 114,313 1,076 V Raghunathan 156,857 647
XX Qu 102,283 711 DS Rahier 124,334 26
RG Quakenbush 159,619 3,122 SA Rahman 145,835 1,540
G Quan 143,362 100 T Rahman Khan 193,909 17,117
JR Quan 117,558 1,516 DB Rahn 168,474 0
WJ Quan 151,921 2,297 ML Rahn 104,721 8,942
DJ Quast 229,033 483 D Rai 147,405 691
SB Quast 301,543 5,035 K Rai 136,677 3,117
CM Quebral Domina 93,510 0 A Rail 108,264 182
T Querengesser 77,357 0 PI Raina 119,619 1,164
TJ Quibell 174,718 7,362 R Raja 184,367 3,229
AV Quiddaoen 203,556 1,514 A Rajora 189,644 2,574
E Quigley 91,504 5,066 T Rakhmatulina 90,391 50
GC Quinlan 129,921 12,357 PS Rakhra 140,785 6,331

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on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

UC Ram 160,777 86,479 KJ Reddy 141,860 718


A Ramachandra 108,564 494 ZA Redekop 126,957 2,850
HR Ramgoolam 108,889 1,702 DL Reed 157,552 30,094
RA Rampton 180,077 1,783 DR Reed 155,340 22,485
UA Ramsoondar 141,937 457 JM Reed 77,172 5,887
MU Rana 125,548 2,402 RC Reed 182,718 5,059
S Ranga 80,596 50 DM Reedy 80,243 2,483
A Ranjbaran 109,870 2,396 J Regier 143,902 2,369
J Rankine 78,650 15,266 PL Regier 172,264 6,239
N Ranzoni 99,467 0 S Rehmat 160,717 3,584
DG Raposo 161,207 0 IJ Reichmuth 178,533 6,269
B Rask 88,142 203 AC Reid 110,738 2,918
DJ Rasmussen 79,917 3,406 CA Reid 113,027 9,565
LD Rasmussen 75,542 0 DE Reid 155,992 4,688
RG Rasmussen 126,088 2,309 DS Reid 151,539 11,201
H Rasti Ekbatani 133,394 915 J Reid 103,123 10,125
RD Rasul 130,638 1,522 JS Reid 223,535 11,079
DA Rathlef 144,401 7,307 MC Reid 117,367 100
M Rathnayaka 99,258 533 M Reide 75,380 3,261
DM Ratnam 269,858 0 A Reidy 108,984 974
MR Rattray 120,112 1,363 MG Reilly 119,607 100
D Ratzlaff 154,438 0 MD Reimann 158,390 930
TW Ratzlaff 123,495 5,450 HM Reis 142,048 437
W Rauch 126,123 2,185 TJ Remfert 219,294 15,653
BN Rauscher 140,484 6,357 C Rempel 161,863 3,196
JA Rawluk 150,108 688 KL Rempel 85,851 0
AM Raymond 109,376 857 VH Rempel 141,163 0
RM Raymond 123,770 2,722 G Ren 174,148 1,852
NA Rayner 143,977 5,303 A Rennie 101,592 132
S Razavi Darbar 167,658 1,607 JM Rennie 161,678 0
D Razlog 254,752 1,626 KP Rennie 88,675 648
WA Readings 157,535 5,287 WB Renwick-Shields 100,190 21,090
BF Receveur 171,742 22,602 DN Revane 98,788 37,633
RA Rector 78,431 1,709 C Revell 134,764 2,547
J Redada 150,090 734 J Revell 92,699 0

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on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

J Reynolds 87,574 4,783 JV Rittinger 173,412 2,291


F Rezai 111,393 242 AF Rivera 145,694 420
JW Rhode 90,245 1,082 E Rivera Terroba 86,309 105
CC Rhodenizer 214,899 4,943 C Rixens 86,303 1,752
DR Rhodes 146,539 14,405 PA Robbins 94,955 165
TL Rhodes 85,002 16,394 E Roberge 102,479 2,045
AF Ribeiro 132,301 0 JG Roberge 94,184 1,477
M Rice 129,747 4,944 JP Roberge 227,387 8,695
R Rice 153,136 1,838 CA Roberts 200,071 2,129
JD Rich 119,725 188 CI Roberts 173,430 889
K Richard 177,351 4,495 ET Roberts 126,719 1,272
M Richard 113,077 0 DG Robertson 93,198 14
D Richards 130,196 20,419 DS Robertson 77,168 2,150
J Richards 108,833 50 MW Robertson 132,810 12,100
KJ Richards 173,434 18,755 PH Robertson 145,456 3,359
VL Richards 121,033 793 SW Robertson 120,523 39,671
J Richardson 125,996 9,907 BM Robins 156,987 16,886
D Richter 117,873 0 M Robins 139,676 671
TE Richter 127,287 1,519 ME Robins 100,242 0
SB Rideout 202,400 19,246 AP Robinson 80,759 1,862
K Ridgley 100,408 9,279 DD Robinson 166,452 1,623
RL Ridsdale 137,753 26,583 DR Robinson 80,709 6,200
K Rieder 123,937 2,654 DV Robinson 212,527 275
SM Rieder 107,537 548 J Robinson 144,332 1,814
CP Riley 136,253 10,015 KJ Robinson 88,936 346
VC Rimando Jr. 91,362 0 MC Robinson 155,607 0
TW Ringer 146,903 2,198 SJ Robinson 162,422 32,410
GA Ringham 134,443 3,975 ED Robles 108,440 0
WP Rink 137,296 1,043 JR Roblin 154,067 1,932
A Rios 132,168 23,556 T Roblin 148,181 4,104
CB Ristimaki 157,280 9,332 LJ Robson 80,696 2,879
S Ritchey 153,798 291 IM Roby 126,700 311
IH Ritchie 76,344 149 KD Rochon 204,950 857
TD Ritchie 171,585 10,252 G Rochwerger 81,737 544
KD Ritson 112,946 693 EH Rockl 103,708 389

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on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

RG Roddick 123,517 2,051 K Rossouw 160,695 4,638


GD Rodgers 159,735 100 SG Rossouw 160,729 7,825
PL Rodgers 97,445 0 Z Rossouw 116,323 398
JA Rodney 178,281 20,835 S Rostamirad 120,671 5,608
GS Rodrigues 79,858 0 S Rostamirad 95,721 6,715
VM Rodrigues 101,805 233 PA Rother 170,432 560
DP Rodriguez 143,074 0 CW Rouse 191,389 5,465
MF Rodriguez 78,691 0 SL Rouse 249,182 11,689
MP Rodriguez 84,430 50 R Routledge 136,130 0
DM Rogers 137,360 3,200 P Rovere 92,174 8,261
DS Rogers 225,097 2,020 K Rowe 147,248 933
DT Rogers 105,688 31 QO Rowe 114,697 1,754
TJ Rogers 146,002 2,728 RS Rowe 154,844 18,607
KM Rogerson 78,710 0 Z Rowe 78,290 0
CK Rohloff 173,407 20,577 M Rowland 92,646 981
J Rojas 113,360 0 J Rowlands 103,437 65
CM Roland 162,363 11,623 GJ Roy 143,055 2,756
R Rolland 116,486 379 O Roy 92,990 6,924
SA Rollier 198,921 17,019 M Rucker 125,834 12,108
RL Rollins 91,179 9,398 CG Ruckstuhl 103,494 1,436
MA Romanczak 169,002 2,052 BT Rud 164,283 33,684
L Romo Garcia 121,870 0 MJ Rumpeltes 96,264 14
JA Ronne 98,661 494 JC Rupp 140,217 967
MA Rooney 108,657 1,619 MB Rusinek 93,847 11,578
JE Roote 124,395 0 PL Russell 185,212 58,475
JD Rosborough 197,765 2,056 R Russell 280,653 63,029
NA Rosenow 111,491 0 AP Rutherford 158,078 6,322
MJ Roset-Crawford 114,093 1,331 NJ Rutherford 215,202 15,118
N Roshandel Tavana 116,974 3,993 NJ Rutherford 137,268 3,777
CC Ross 94,535 0 SC Ruttan 79,048 7,998
CR Ross 121,456 1,020 C Ryan 96,665 5,743
DT Ross 191,534 35,275 C Ryan 304,775 11,424
LC Ross 101,124 1,289 DL Ryan 90,629 0
V Rossetti 96,041 522 L Ryan 161,496 0
K Rossouw 95,237 130 GB Ryley 145,227 2,318

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on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

R Saari 231,769 715 MR Sami 166,082 364


DM Sach Johnston 237,575 3,784 MR Sami 175,001 25,042
MA Sadeque 139,387 2,891 BK Samis 158,621 1,430
MC Sadler 133,907 4,514 D Samonchik 117,838 1,422
DL Sadowski 102,924 3,627 GS Samra 150,106 0
E Saeidi Dehaghani 87,286 1,396 NS Samra 92,185 0
GS Saggu 95,465 4,546 SA Samson 137,415 488
DS Sagh 75,138 9,918 JW San 151,395 5,839
M Saha 154,882 1,044 NP San Mateo 111,654 352
K Sahai 124,239 0 R San Pedro 75,080 20
SP Sahai 90,851 55 A Sanatizadeh 87,498 350
I Sahota 90,798 76 E Sanchez 114,654 24,449
KS Sahota 177,823 2,106 N Sanchez 111,278 1,440
RB Sahota 183,294 38 RP Sanchez 220,197 4,233
RS Sahota 112,952 3,645 JE Sande 88,098 16,057
GS Saini 98,708 0 L Sandeen 92,435 5,016
DK Sakamoto 145,510 1,380 BJ Sanders 121,563 3,507
JL Saklofsky 93,349 0 DS Sanders 241,685 8,209
S Salahi 86,775 0 E Sanders 103,456 5,156
JA Salak 101,598 1,455 JC Sanders 104,871 0
HF Salameh 88,851 0 K Sanders 127,584 2,868
A Salaris 190,893 4,677 RW Sanders 125,893 19,500
AD Salaveria 82,419 606 CA Sanderson 187,024 4,074
CM Salazar 153,577 594 M Sandferd 97,609 2,138
D Saldanha 109,484 0 S Sandferd 293,417 10,795
A Salehi Parast 149,752 541 JP Sandford 107,919 0
M Salembier 75,532 391 PH Sandhar 120,546 494
PA Saliken 158,668 26,691 RK Sandher 108,523 295
LT Salley 78,420 5,104 A Sandhu 151,980 0
QD Salt 159,483 10,209 A Sandhu 118,126 0
RA Salt 128,070 32,027 NS Sandhu 136,646 2,819
RA Salustro 82,881 1,118 NS Sandhu 182,421 0
MV Sam 82,734 0 PS Sandhu 153,483 198
M Samadi Bahrami 133,580 555 RS Sandhu 109,164 0
ME Samani 120,272 4,180 RS Sandhu 107,964 4,361

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on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

KJ Sandstrom 91,950 1,519 DJ Saunderson 114,854 25,800


DW Sandulescu 146,876 964 R Saurette 129,660 0
C Sandve 252,241 18,144 AP Sauter 110,258 432
H Sanghara 95,189 0 BC Sauter 118,811 1,612
AS Sanghera 150,982 1,185 M Savage 75,914 2,934
ME Santa Maria 84,603 0 MG Savage 78,247 0
SV Santa Maria 149,935 429 BJ Savenkoff 151,818 14
HM Santiago 84,976 0 MJ Savidant 225,415 0
JN Santiago 117,039 3,934 M Savill 130,438 1,873
RJ Santiago 102,216 1,150 CC Sawatsky 119,813 42
G Santlal 106,591 0 GM Sawatsky 231,851 7,171
A Santos 115,823 318 MP Sawatsky 237,170 22,849
GC Santos 100,198 0 MB Sawatzky 162,540 18,828
N Santos 177,950 9,491 AT Sawchuck 240,135 9,276
P Santos 105,868 512 AR Sawicki 93,801 1,534
GS Sapple 111,415 66 B Sayson 88,669 630
A Saputra 135,962 150 BA Sbitney 147,796 7,126
M Sarafrazshekari 77,359 5,580 K Scaplen 197,249 19,805
N Sarafraz-Shekari 157,219 11,044 G Scarborough 193,259 15,535
G Saran 80,847 2,598 GD Schabas 142,347 420
JE Sarandi 85,614 0 ZI Schaffer 100,650 245
LL Sarchet 80,014 0 AD Schenk 144,001 5,800
A Sarroca 176,086 720 M Schissel 148,445 300
L Sartor 110,493 1,050 CM Schmaltz 80,513 0
CM Sartori 130,482 1,402 CG Schmidt 163,983 1,261
BJ Sarvis 105,994 10,834 JA Schmidt 119,838 6,043
A Saseendran 159,096 410 J Schmitz 137,202 9,416
G Sass 127,796 5,811 SE Schnare 77,624 33
DS Sather 128,593 520 HR Schnell 133,598 624
GS Sathu 113,610 306 R Schoemeyer 129,324 222
KC Sato 154,366 2,140 D Schonewille 196,122 469
DM Sauer 283,398 12,600 MW Schootman 102,688 0
BJ Saunders 180,667 1,441 BM Schorn 185,693 1,094
CJ Saunders 151,202 42,777 SJ Schroeder 128,612 8,579
S Saunders 104,889 1,688 RB Schubak 257,396 17,147

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on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

MN Schubert 122,818 15,016 M Sehgal 147,260 5,055


LA Schuler 81,685 4,946 QL Seitz 94,334 6,338
GD Schulte 137,824 322 JS Selesnic 111,155 8,597
M Schultz 206,797 11,999 JA Selnes 206,284 5,906
PN Schulz 114,106 250 H Selvaraj 75,426 199
K Schuman 106,554 0 D Semenyna 148,079 1,640
SM Schummer 101,815 0 BT Semkew 90,036 1,046
EJ Schwab 152,156 3,073 CM Semkew 158,753 1,152
TJ Schwartz 152,745 11,274 SP Seneviratne 146,635 2,625
DW Schweb 145,468 17,817 MR Senk 251,044 470
SL Schweb 128,702 1,755 BS Senko 166,660 4,810
YM Schwertner 93,430 0 AC Senner 99,357 140
FK Scobie 111,242 41,827 PM Seo 146,737 1,844
C Scott 96,127 5,825 MM Seong 135,587 2,325
CA Scott 102,835 9,635 DT Sereda 120,412 11,081
CL Scott 88,498 0 DJ Serhan 107,346 150
DD Scott 199,629 3,150 LM Serko 124,255 2,328
JA Scott 152,202 50 B Setiawan 171,443 1,948
MJ Scott 108,058 48 DW Seto 167,885 7,366
RB Scott 145,426 1,511 EW Seto 127,694 326
SM Scott 105,412 3,807 M Seto 100,867 0
T Scott 146,410 819 R Seto 143,173 601
ND Scott-Moncrieff 169,209 1,629 S Seto 85,577 59
JL Scultety 137,010 4,026 D Setsikas 114,461 80
AE Seabrooke 116,271 2,472 G Sever 99,365 0
DP Seamer 153,267 4,929 S Sewell 123,447 6,135
N Sears 128,469 36,573 I Seyed 102,655 5,911
AL Seaton 199,486 10,144 M Shadnia 145,360 698
GW Sebastian 114,472 59,608 R Shafaei 117,130 511
NR Sebastian 171,369 3,102 DA Shafi 174,409 5,245
AA Sebastiani 81,993 53 K Shah 118,826 494
M Seblani 171,832 451 NP Shah 157,961 3,392
CS Seddon 193,989 3,482 M Shahbazi 115,123 894
MS Seery 184,106 2,751 S Shahbazi 115,817 287
LN Segarty 122,309 10,543 OS Shahi 190,452 1,816

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on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

S Shahriary 124,580 6,092 DM Sherbot 185,736 4,689


S Shahrokhi 97,059 458 D Sherevkulov 79,704 2,695
JC Shak 148,444 3,146 PM Sherrington 108,100 858
E Shams 144,179 2,604 KV Sherry 126,320 12,424
TS Shang 107,673 1,050 S Shetty 91,453 16
V Shankar 78,693 0 E Shi 90,701 0
GA Shanks 115,632 1,115 L Shi 84,390 952
M Sharafi 122,637 4,552 Y Shi 96,060 691
E Sharifi 155,290 14,805 JL Shirley 137,320 6,489
AK Sharma 278,276 3,934 ZM Shivji 202,252 1,217
M Sharma 77,012 0 SC Shkuratoff 142,585 3,104
P Sharma 118,415 494 LW Shockey 151,064 2,550
PS Sharma 136,418 420 RS Shoemaker 234,841 14,160
R Sharma 151,578 2,621 N Shoja 127,759 931
S Sharma 76,756 0 M Shokri 119,069 644
YP Sharma 116,390 688 S Shong 79,630 317
DA Sharman 183,134 5,750 BC Shook 109,575 0
TF Shave 145,067 3,263 A Shoolestani 111,502 624
A Shaw 141,222 7,824 A Shoolestani 129,427 570
KA Shaw 153,571 1,309 TL Shore 159,495 3,710
A Shea 116,583 494 JA Short 103,408 20
JE Sheaff 94,782 0 KA Shrubsall 76,954 7,453
B Shearing 126,066 220 DL Shtokalko 106,700 7,759
MG Shears 216,062 14,536 C Shu 122,896 3,085
DN Sheedy 157,542 5,288 X Shuai 113,344 367
R Sheergar 139,463 1,216 ES Shudo 142,901 6,369
MR Sheffer 140,748 2,441 MA Shufelt 181,828 22,135
B Shehyn 121,959 3,783 JW Shum 121,717 0
AH Sheikh 145,154 494 W Shum 98,058 0
B Shen 152,335 1,760 EM Shuster 205,514 5,443
J Shen 103,045 2,543 D Shyong 131,248 0
M Shen 98,481 67 MR Shypitka 88,425 296
Z Shen 87,069 0 TW Shyry 100,069 150
J Shepherd 106,424 4,934 RD Sicotte 119,512 9,432
JE Shepherd 192,776 1,962 KS Siddiqi 95,587 6,995

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on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

S Siddiqi 76,079 507 EL Simpson 157,776 450


SJ Siddoo 112,592 0 J Simpson 135,340 3,155
AK Sidhu 106,959 831 JG Simpson 221,562 11,987
GK Sidhu 88,941 0 LP Simpson 118,932 853
GS Sidhu 89,865 0 LR Simpson 194,135 287
MS Sidhu 88,783 205 ML Simpson 93,175 15,158
PP Sidhu 119,122 1,779 WA Simpson 75,213 12,775
SK Sidhu 151,353 5,765 WG Simpson 186,346 10,883
GS Sidhu Brar 152,435 5,074 R Sin Tak Lam 134,774 420
DJ Sidney 215,505 7,271 SL Sinclair 174,851 26,788
MJ Sieber 138,541 0 SM Singer 88,764 1,898
RL Siebert 160,503 3,863 AS Singh 101,227 315
RM Siebold 143,148 3,459 C Singh 150,411 494
BD Siefken 118,084 2,193 D Singh 200,851 5,730
PL Siega 176,974 1,492 G Singh 210,687 4,325
SJ Siega 134,100 0 P Singh 154,069 366
BM Siemens 91,842 876 B Singh Joginder 78,475 544
LO Siemens 86,684 7,383 KA Singleton 155,909 426
Z Sigarchy 146,403 3,466 C Sinnott 141,244 40,842
O Siksik 138,369 76 JF Sinosich 203,918 18,534
CB Sillje 254,234 29,216 E Siu 101,568 0
DP Sillje 155,083 30,601 G Siu 132,982 2,064
TR Sills 159,088 10,877 JK Siu 252,289 3,781
MP Silva 135,360 783 N Siu 102,765 2,198
SG Silva 115,737 235 SK Siu 130,783 1,600
BC Silver 125,480 502 B Sivacoe 141,537 986
BH Simcock 91,856 7,732 TK Sivia 97,910 4,305
GJ Simmons 103,487 0 A Siwan 75,661 0
I Simms 210,790 10,870 JC Skabeikis 107,899 600
CC Simoes 138,698 10,137 BJ Skeldon 139,384 29,328
S Simoes Ferry 128,699 400 KM Skibo 134,296 980
B Simons 126,872 5,198 JR Skidmore 101,221 0
JA Simonsen 127,572 2,570 LA Skillen 93,322 100
C Simpson 134,094 578 BC Skinner 80,688 2,893
CJ Simpson 88,529 532 RC Skinner 94,063 243

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on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

JT Slaco 172,282 5,727 K Smith 160,231 12,094


J Slader 107,593 0 K Smith 77,235 0
KH Slamang 144,475 18,187 KM Smith 84,199 30
DW Slamon 139,169 63,773 M Smith 125,931 2,580
DB Sloan 151,738 548 MW Smith 141,280 5,625
SL Sloan 143,422 1,339 P Smith 120,163 0
GN Slobodin 179,662 3,321 PS Smith 170,592 8,596
JW Slotte 158,590 5,944 RC Smith 140,058 1,715
TD Slotte 168,488 1,099 RC Smith 143,119 1,052
JA Smajla 120,659 1,095 RF Smith 104,893 0
AJ Small 103,966 12,286 RO Smith 83,572 1,491
GT Small 118,683 195 S Smith 146,459 623
SM Small 142,304 1,138 SC Smith 203,554 22,111
DG Smart 165,607 755 SE Smith 154,932 2,727
B Smiley 124,549 432 TC Smith 188,748 120
JI Smiley 181,959 0 TD Smith 164,970 2,237
N Smirnov 130,231 3,067 TW Smith 131,981 8,710
A Smith 106,222 350 A Smithson 119,045 56,507
BA Smith 95,636 0 M Smusz 149,756 3,404
BJ Smith 113,011 44,565 EA Snelling 137,074 1,025
BJ Smith 166,887 3,138 AU So 82,224 3,474
BN Smith 117,208 23,490 C So 115,960 519
CC Smith 89,359 223 K So 95,702 0
CD Smith 204,203 3,433 DR Sobrepena 80,240 0
CG Smith 192,179 1,664 JC Sofield 268,352 7,601
DL Smith 135,529 3,286 S Soheil 106,176 1,350
DM Smith 109,938 709 BH Sokugawa 138,129 2,927
DR Smith 263,273 35,071 K Solari 195,321 268
FN Smith 137,737 4,700 MM Soliman 112,029 1,100
GS Smith 128,441 2,045 DR Solmundson 206,639 5,184
J Smith 167,828 894 NM Solmundson 118,933 420
JC Smith 161,575 14,830 S Soltanolketabi 103,874 1,993
JJ Smith 86,636 0 JO Somerville 162,958 9,882
JM Smith 171,925 13,445 D Son 139,208 62
JS Smith 196,559 1,467 T Song 145,273 4,799

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on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

V Song 104,532 1,632 R Stark 104,720 0


JA Sonnenberg 193,231 1,059 GR Starling 104,530 4,519
BM Sopko 78,867 0 JA Stashyn 115,089 1,714
CE Sorace 174,709 0 DS Stasiuk 155,068 3,435
WR Sorto 110,623 3,827 HM Stasiuk 75,556 738
JI Sosa Duarte 103,133 0 AL Stead 167,153 228
NS Soulsby 76,406 670 JJ Stead 139,245 10,137
N Sousa 94,253 8,246 AM Steed 191,539 3,728
JW Southey 121,112 37,701 DJ Steele 102,827 0
DS Southwood 115,564 479 MN Steele 145,894 5,639
BA Spalteholz 161,178 8,869 TL Stefan 143,949 420
C Sparks 75,779 1,634 K Steffen 136,579 240
RJ Sparshu 170,028 5,841 AB Steidle 111,242 957
SC Spence 124,036 20,771 LA Steidle 97,442 7,417
CS Spencer 164,160 38,344 WA Stein 149,440 282
DR Spencer 131,465 75 ND Stelnicki 97,080 12,833
R Spencer 131,309 2,746 B Stelzer 117,461 2,232
RL Spicer 112,741 0 CK Stenerson 164,917 10,829
CL Spinney 75,969 5,403 JR Stephens 149,947 32,842
J Spray 175,965 24,222 CA Stephenson 144,548 11,889
C St Germain 82,098 18,184 D Stephenson 312,370 12,174
CD St Jacques 142,834 71 NG Stephenson 159,553 2,473
DJ St Onge 159,815 3,352 KA Stern 117,312 992
G Stables 92,386 50 RJ Sterrett 190,668 11,585
A Stacey 209,515 31,341 L Stevanovic 149,656 583
TG Stack 166,488 2,069 DW Stevens 246,350 87,706
SS Stadey 179,424 559 M Stevens 194,341 4,245
GR Stafford 79,926 17,762 MP Stevens 127,954 2,028
KJ Stanczyk 127,858 16,777 NM Stevens 158,404 14,882
I Stanescu 75,158 79 AL Stevenson 78,987 3,230
CE Stanway 99,427 0 MV Stevenson 141,910 3,628
GD Stanway 180,350 0 DJ Stewart 134,697 2,028
KW Stanway 137,769 128 RD Stewart 153,480 4,185
JT Stark 125,676 3,692 RP Stewart 183,064 306
L Stark 77,637 210 SA Stewart 133,025 58,181

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on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

T Stewart 164,394 2,157 H Su 152,961 8,850


TW Stewart 182,477 10,656 Y Su 137,105 4,140
KW Stich 113,300 0 J Subba 82,231 290
TA Stiemer 176,259 3,293 A Sukhija 113,776 957
MJ Stiglic 141,701 1,294 E Sukkel 101,010 17
RM Stinson 120,136 2,990 C Sulentic 91,825 75
JC Stites 205,762 8,446 BJ Sullivan 119,246 120
JM Stittle 116,110 21,132 KA Sullivan 158,412 8,558
MJ Stobbe 148,836 2,926 C Sun 107,034 1,226
C Stock 139,673 19,562 H Sun 112,138 491
M Stocker 134,326 4,978 IH Sun 130,421 494
C Stockton 86,542 28,552 LT Sun 136,981 1,147
AM Stockwell 116,224 10,984 S Sun 122,911 1,100
EM Stoddard 114,602 861 Y Sun 78,261 572
HY Stoichev 137,049 5,613 PS Sundher 114,861 0
L Stojanovski 122,930 1,105 BC Sung 128,174 6,078
CL Stokvis 103,601 8,037 CD Surdu 163,515 1,726
S Stone 129,729 5,123 NM Sutcliffe 116,294 8,361
DK Storz 75,359 322 JK Sutherland 120,201 363
JM Stott 167,477 5,364 C Suvagau 160,509 1,144
G Stout 154,696 3,758 DL Suzuki 101,858 190
CR Stoutenburg 141,451 0 NR Svendsen 92,896 442
V St-Pierre 112,644 1,486 MJ Svenson 114,595 260
LA Strachan 147,579 39,083 SS Sviridov 124,524 0
WA Strachan 146,946 3,482 DW Swan 117,816 5,107
LV Strajescu 119,200 6,157 AR Swanson 88,236 0
DF Strajt 124,980 917 AW Swanson 195,822 10,323
CL Strayer 88,218 1,936 EA Swanson 111,023 6,095
PM Streich 191,957 0 LW Swanson 108,202 215
LA Striker 104,318 0 ME Swanson 121,491 1,358
DW Strong 165,249 1,433 NM Sweeney 145,792 5,231
D Strudwick 144,838 5,056 FM Sweet 127,195 2,474
CG Stuber 88,079 3,719 KS Swidley 165,076 2,274
BE Stumborg 210,615 1,360 CW Switzer 116,348 2,938
K Stunden 84,790 2,385 WD Swoboda 187,534 2,388

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on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

DA Sy 137,795 4,005 HR Tamehi 147,586 2,745


DJ Sydor 177,867 6,165 AC Tan 173,278 2,226
MJ Sydor 97,562 250 JO Tan 135,923 2,147
EM Syed 171,510 6,067 LD Tan 186,166 1,549
M Syed 94,119 7,474 P Tan 188,476 24,710
GH Sykes 119,793 50 SP Tan 81,364 9,863
K Symington 125,648 11,264 VC Tan 86,553 813
JM Sytsma 161,078 5,086 X Tan 141,456 420
DC Szabo 80,348 119 X Tan 127,164 1,135
R Szabo 130,973 11,197 TK Tanda 195,993 10,784
CN Szeto 144,020 567 G Tande 76,592 1,099
S Szeto 139,674 250 B Tang 84,039 50
IE Szpak 167,833 2,843 C Tang 82,615 1,858
RK Szutoo 118,560 567 GK Tang 130,855 2,718
TV Ta 154,825 180 K Tang 117,737 3,530
YT Ta 114,728 2,817 SM Tang 131,409 1,100
BM Tabe 197,837 210 W Tang 99,459 100
K Tabesh 123,513 494 WW Tang 93,093 50
JG Tabora 115,928 20,108 XS Tang 195,021 945
AJ Tache 121,214 494 F Tang-Graham 128,878 3,728
JP Tadeo 116,442 0 C Tang-Miya 124,465 2,398
L Tagliafero 146,489 0 S Tani 104,097 0
N Tahamtani Omran 100,207 577 S Tanikanti 117,221 0
TO Taiwo 96,036 0 M Tannenbaum 106,133 0
P Tajik 196,494 22,185 SA Tarbit 130,554 5,556
S Takahashi 83,410 210 S Taskov 116,962 6,285
HH Takai 111,607 0 AJ Taylor 81,162 242
P Talaba 110,571 0 CE Taylor 123,924 4,966
KB Talbot 248,951 1,786 FH Taylor 289,775 13,409
SE Talbot 177,369 50 GJ Taylor 136,702 14,131
B Tam 137,563 656 JE Taylor 144,285 1,344
DS Tam 117,618 1,100 MI Taylor 137,661 15,144
GC Tam 116,173 494 R Taylor 111,702 0
M Tam 122,050 3,268 SM Taylor 170,301 3,980
SC Tam 105,200 1,545 SR Taylor 90,497 150

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REMUNERATION EXPENSES REMUNERATION EXPENSES

A Taylor-Lane 98,746 3,962 JT Thomas 157,418 9,525


SJ Taylor-Lane 95,869 2,541 T Thomas 131,376 0
NR Taylor-Reid 108,405 50 TM Thomas 115,704 1,137
CR Tazelaar 179,199 37,828 V Thomas 192,074 20,945
DL Teasdale 122,347 94 AM Thompson 192,449 3,891
JR Tedford 125,022 20,652 BT Thompson 197,225 4,579
B Tedlapu 109,969 18,059 DR Thompson 89,756 2,633
IR Tegart 130,554 305 GF Thompson 170,039 7,366
DJ Teichmann 131,948 9,628 GI Thompson 138,946 455
RA Temmer 76,034 544 JA Thompson 80,270 5,542
C Teng 116,234 5,159 JD Thompson 129,105 3,534
PD Tenkorang 85,181 0 JE Thompson 181,183 7,636
AJ Tennant 99,833 540 JF Thompson 160,500 6,478
AM Terebka 132,614 1,148 KR Thompson 129,017 79
JD Tereck 75,352 1,569 KS Thompson 213,589 630
DR Terlecki 116,207 21,029 LM Thompson 251,409 3,604
MC Terpstra 248,528 1,218 ML Thompson 183,706 1,606
WW Tham 131,184 12,628 PJ Thompson 132,155 9,088
B Thandi 123,935 1,050 R Thompson 75,115 715
G Thandi 102,694 50 SG Thompson 165,998 1,229
U Tharmalingam 165,593 16,863 T Thompson 169,204 4,761
GC Then 181,624 4,667 WR Thompson 139,364 137
GN Then 111,843 14 SL Thomsen 113,425 280
PJ Therrien 157,459 4,056 BA Thomson 95,685 419
CS Thibault 88,240 35,019 C Thomson 99,902 325
MS Thielen 187,960 17,472 K Thomson 140,400 152
A Thiesen 77,659 6,038 E Thorkelsson 103,134 0
AM Thiessen 94,653 12,550 JM Thorlacius 109,227 1,737
CJ Thiessen 78,241 0 G Throop 131,093 2,149
B Thom 92,854 4,380 SF Thunderstorm 83,542 6,520
AF Thomas 159,756 18,064 B Tian 110,054 576
BL Thomas 88,181 5,101 QO Tibbets 103,214 28,782
DP Thomas 150,900 52,670 N Tickell 78,786 420
DW Thomas 211,485 12,994 C Tidder 137,805 6,854
EM Thomas 140,413 16 EH Tiel 75,436 2,296

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REMUNERATION EXPENSES REMUNERATION EXPENSES

V Tiet 110,511 1,050 M Toussaint 163,861 494


N Tilson 207,667 1,994 G Touwslager 131,521 1,925
GS Ting 104,107 0 ML Toward 112,402 93
MJ Tinholt 148,500 3,409 J Towe 119,278 1,557
EA Titus 163,621 6,205 NJ Town 141,075 56,569
S Tiwari 98,482 0 KL Townsend 124,877 2,058
NI Tjie 122,990 250 CG Trafton 303,615 63,413
JS Tng 125,926 0 J Tran 94,850 289
A To 85,272 1,205 KP Tran 76,668 1,056
P To 97,610 0 T Tran 101,289 0
JG Tober 96,526 20,826 DW Trapp 238,923 2,182
L Todd 121,921 0 LJ Trapp 144,218 630
JA Toews 116,841 249 KK Trarup 163,503 5,370
AE Tokairin 75,121 8,002 MP Trarup 165,216 3,113
P Tom 141,656 469 BM Trathen 118,563 101
RC Toma 99,766 1,540 AK Travers 167,749 638
CS Tomlinson 140,796 100 MJ Travers 177,741 0
MJ Tompkins 151,698 2,514 TR Traviss 105,730 676
S Ton 83,352 107 JL Tremblay 89,228 281
SL Tone 155,496 4,469 KG Trent 141,751 5,303
KP Toner 207,943 661 RD Trent 163,739 2,888
A Tong 125,346 286 CM Trigardi 118,837 0
BS Tong 113,191 1,607 SA Trobacher 159,295 0
ET Tong 112,629 1,495 JS Tromp 117,672 3,402
KK Tong 160,082 788 J Trudeau 125,452 0
GM Tonido 126,639 0 P Trueman 105,520 6,910
AR Tonnellier 139,738 29,879 T Truhn 172,641 4,567
SA Toop 197,509 3,944 RT Truong 158,990 1,167
EM Toppazzini 116,578 170 PT Trustham 178,915 9,933
RK Toring 147,646 881 AK Tsang 142,258 4,217
PR Torrens 117,016 17,883 L Tsang 85,624 150
JF Torres 94,392 16,354 Y Tsao 82,451 0
KD Tottenham 120,558 11,362 AK Tse 102,927 0
M Toudeh Kharman 152,980 509 V Tsoi 77,231 1,124
CM Tough 111,033 0 JH Tsukishima 114,930 5,365

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REMUNERATION EXPENSES REMUNERATION EXPENSES

AY Tsuyuki 75,387 0 R Urbanowski 114,092 8,624


AG Tu 169,806 2,158 D Urosevic 98,268 4,763
AD Tuck 162,486 11,284 R Urrutia 114,523 9,307
D Tulsie 134,143 12,305 J Utsunomiya 171,500 544
CA Tuma-Wilson 167,018 3,373 P Vadgama 131,313 2,184
PS Tumber 77,637 3,741 PM Vadgama 134,948 866
C Tung 166,568 315 F Vaezi 134,834 1,316
T Tung 127,412 245 WF Vaide 148,710 5,639
F Turcus 75,193 25 RA Vaillancourt 124,070 1,920
TM Turko 172,220 2,088 D Vaillant 102,494 2,614
AM Turnbull 144,214 2,786 FM Valderrama 117,697 200
CK Turnbull 157,072 2,099 RA Valdez Noguez 108,584 8,538
R Turnbull 209,474 11,821 A Valente 133,666 2,860
BM Turner 102,485 6,028 MG Valenzuela 75,874 0
JB Turner 158,479 9,133 CM Van Camp 179,856 13,309
R Turner 179,660 25,122 T Van De Ruitenbeek 155,307 500
RS Turner 76,076 103 JW Van Den Born 196,824 4,213
TJ Turner 216,120 3,632 RV Van Den Broek 106,240 0
MF Turpin 126,308 19,872 W Van Gassen 164,764 8,114
E Turra 86,477 0 DR Van Gorkom 141,860 29,063
JK Turvey 171,464 1,188 J Van Groningen 150,943 345
JG Tuttle 103,693 0 TA Van Loon 142,322 16,298
AR Tuttosi 151,977 28,605 TJ Van Nice 186,538 37,751
SC Tutty 189,506 1,150 TJ Van Nice 88,580 130
SA Twa 82,948 3,980 H Van Oort 124,448 12,451
MG Ty 154,887 2,133 GA Van Os 113,850 3,973
EA Udovich 123,000 3,213 MD Van Slageren 135,080 150
AC Ugalino 105,183 100 RK Van Vliet 169,904 4,314
IE Uittenhout 84,454 0 RS Van Vliet 193,669 16,513
NA Uittenhout 122,407 764 J Vandenbossche 143,830 6,599
KT Um 108,641 0 JM Vandenbrand 148,016 7,186
CN Umenyi 153,188 953 RL Vander Zwan 172,793 3,860
DK Umezawa 84,481 0 M Vanderkwaak 144,610 1,376
RG Underwood 148,181 75 J Vandermaar 185,363 7,896
JP Unger 163,789 2,855 LH Vanderzwaag 155,849 1,133

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REMUNERATION EXPENSES REMUNERATION EXPENSES

JR Vanegas 103,229 100 PC Vigneault 138,878 9,061


JJ Vanjoff 174,285 107 PJ Viitasaari 105,206 9,633
CK Varco 82,372 3,877 L Villa 163,203 5,744
EL Varga 92,926 1,955 AM Villanueva 123,994 494
R Varga 99,531 4,058 J Villanueva 192,823 21,543
K Vargas 123,226 4,012 EJ Villanueva Magni 135,366 677
LW Vargas 143,080 3,365 R Vine 145,830 453
P Varghese 84,301 1,029 JW Vines 116,022 7,623
LW Varhanik 127,818 2,755 V Vinnakota 157,257 569
G Varsanyi-Spitzer 75,056 100 NC Vipond 171,810 5,094
O Vasylev 110,403 1,100 JP Vo 98,171 5,877
JL Vatcher 127,651 17,227 LR Voerman 116,519 0
S Vazinkhoo 167,451 7,056 JS Volpatti 167,395 1,575
CJ Veary 154,171 0 BO Von Bargen 195,737 460
J Velander 131,009 0 CD Von Hagel 119,356 0
DJ Velkjar 163,327 3,685 DT Von Hollen 163,336 5,584
E Veloso 140,196 1,186 SE Von Minden 187,606 2,466
CR Venasquez 139,958 14 K Von Muehldorfer 162,609 1,432
J Vennesland 128,634 9 A Voroniak 143,556 19,525
R Vennesland 76,093 500 JM Vos 114,986 4,718
C Verdi 140,780 0 EA Vowles 153,932 229
JR Verhage 145,543 1,363 LB Vozniak 113,753 1,101
SV Verjee 182,948 2,684 R Vranesic 145,811 197
LJ Verlaan 101,720 4,975 BT Vrecko 142,089 13,297
S Verma 123,696 0 B Vujcich 94,118 494
D Vermette 125,092 7,270 V Vujicic 122,244 494
J Verna 126,840 1,006 D Vyssokikh 111,489 1,786
JD Verney 191,654 22,783 M Waardenburg 161,891 397
CJ Verschoor 112,653 0 CR Wade 207,308 13,901
MW Verschoor 125,721 4,773 A Wagner 159,484 9,681
AL Verzosa 82,356 0 DM Wagner 78,767 25
BJ Vey 175,627 15,241 FT Wagner 130,755 1,748
JP Vicente 177,984 18 GS Wagner 144,023 0
RR Vieira 158,402 513 JM Wagner 197,960 2,802
KF Vigeant 174,976 136 KS Wagner 127,460 2,166

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on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

JA Wahl 286,162 2,618 D Wang 136,899 1,729


A Wai 122,029 1,180 G Wang 191,787 1,008
CA Waite 321,727 53,238 H Wang 184,013 25,303
KL Waiz 218,878 6,896 J Wang 161,047 1,050
PE Walcher 120,188 28,670 J Wang 127,798 594
AM Walker 87,270 0 J Wang 100,039 50
BJ Walker 195,703 8,411 J Wang 95,388 486
JM Walker 137,738 3,139 L Wang 121,402 135
MB Walker 96,697 700 M Wang 178,770 5,980
SP Walker 87,101 4,609 M Wang 76,653 633
J Walker-Larsen 116,923 4,420 O Wang 136,430 5,699
CJ Walks 106,607 11,081 P Wang 115,997 1,275
DA Wall 107,619 0 Q Wang 162,336 232
KW Wall 172,841 4,064 Q Wang 149,175 3,114
KJ Wallace 155,581 6,290 Q Wang 121,320 3,785
LC Wallace 108,409 7,472 Q Wang 133,175 4,477
MB Wallace 131,290 0 SS Wang 126,701 269
WR Wallace 122,819 47,916 W Wang 144,227 794
RK Waller 220,296 836 X Wang 108,978 50
K Wallin 119,273 3,916 X Wang 109,524 1,973
CM Walls 185,831 18,559 Y Wang 148,148 50
CJ Walsh 180,607 3,699 Y Wang 118,080 1,050
DR Walsh 154,673 3,158 Y Wang 83,753 0
JA Walsh 255,880 5,134 Y Wang 108,089 494
KL Walsh 165,098 1,331 Y Wang 85,740 1,450
AR Walter 114,324 4,199 GS Waraich 117,703 15
BS Walter 134,997 50 AL Ward 222,762 781
KH Walters 143,953 463 BR Ward 193,320 8,039
TM Walton 77,665 6,161 CL Ward 143,342 7,817
J Wams 129,267 6,936 T Ward 102,294 6,256
KC Wan 118,356 465 GA Wardrop 131,764 9,259
L Wan 76,391 520 KJ Wardrop 219,969 1,520
Z Wan 203,544 45,002 SN Wardrop 105,155 1,505
BZ Wang 143,780 1,730 T Wareham 164,698 14,068
C Wang 131,740 3,304 RJ Wark 150,682 784

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REMUNERATION EXPENSES REMUNERATION EXPENSES

DB Warner 190,012 420 CM Weiler 175,636 6,010


RN Warner 123,694 26,790 DJ Weir 130,596 866
DA Warren 170,426 14,614 D Weisbom 133,175 1,901
WM Warwick 154,388 1,575 TJ Weisgerber 112,715 8,599
SL Wasylik 86,700 0 DG Weiss 130,889 18,187
GR Wasyliw 141,042 3,894 SJ Weiss 130,618 0
AA Watanabe 115,419 100 GC Wellburn 125,908 4,696
CL Watrich 206,367 7,839 A Wells 161,286 12,818
A Watson 248,156 29,967 DV Wells 239,466 15,474
CL Watson 119,099 79,938 MR Wells 105,897 7,706
JC Watson 156,294 1,477 SG Wells 91,777 1,998
JS Watson 128,595 17,149 SJ Wells 206,698 6,051
JW Watson 114,177 13,176 T Wells 173,795 0
RC Watson 181,795 2,521 C Welsh 85,444 3,733
RD Watson 93,283 0 G Wen 165,669 3,245
SL Watson 96,243 1,356 W Wen 135,428 1,273
TI Watson 192,960 14,723 X Wen 145,598 751
C Watt 124,823 863 HL Weng 80,828 0
DE Watt 173,923 500 KE Wenkoff 75,436 0
BJ Way 83,468 397 MJ Wenzlaff 140,941 5,321
SJ Way 107,052 0 HA Weremi 111,483 1,882
TS Weatherson 117,367 3,528 ML Wersta 101,988 1,026
CD Weatherston 144,131 25,703 RK Wertz 186,823 2,009
AR Webb 126,069 3,069 NM Wesley 88,267 641
BN Webber 107,430 3,782 GL West 98,924 1,194
J Webber 137,706 4,391 TG Westbrook 93,892 1,716
BG Weber 106,232 8,482 L Westervelt 117,507 0
FA Weber 137,353 10,198 TM Westgate 114,026 3,592
EL Webster 105,432 2,171 A Westmacott 117,822 4,042
GP Webster 83,579 0 DM Westmacott 179,357 29,651
J Webster 136,792 2,209 LJ Weston 126,541 420
S Webster 80,572 0 ST Weston 119,357 50
EK Weclaw 182,941 1,691 AS Weststeyn 141,870 508
SM Weeks 168,247 967 C Weyell 82,038 420
C Wei 134,916 694 DE Wharf 150,962 0

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REMUNERATION EXPENSES REMUNERATION EXPENSES

S Wheatley 126,390 8,660 NW Wild 160,599 3,269


CP Wheeler 149,053 20,827 CA Wilhelmsen 129,054 5,714
MD Wheeler 100,161 7,669 BM Wilkey 100,342 2,181
RH Wheeler 136,888 1,096 BJ Williams 99,981 3,977
JR Whissell 113,839 352 C Williams 144,445 769
BA White 88,689 0 CK Williams 153,988 4,326
DD White 87,822 1,096 D Williams 104,906 0
GC White 181,960 3,283 D Williams 100,226 26,037
GM White 111,264 250 DA Williams 133,761 2,903
IH White 130,136 23,433 DB Williams 106,608 2,439
JL White 109,555 2,538 DM Williams 195,718 1,336
M White 95,308 1,328 FB Williams 140,486 96
RA White 173,098 8,630 GS Williams 140,327 19,361
S White 144,760 21,495 JD Williams 206,891 876
LK Whitney 124,868 0 L Williams 185,662 2,047
JS Whitson 161,475 6,655 N Williams 123,206 3,038
RL Whittaker 216,159 7,661 OR Williams 214,158 14,660
A Whitteker 176,650 5,983 W Williams 144,070 6,345
TA Whorley 99,554 0 SM Williamson 154,280 52
E Wichmann 133,906 9,464 TD Williamson 169,779 130
MP Wick 117,865 64 BK Willington 129,049 1,403
BR Widmer 94,224 511 KM Willis 159,213 2,426
DT Wiebe 115,053 154 MR Willox 165,574 909
J Wiebe 104,772 251 RM Wilmsmeier 126,346 410
SP Wiebe 109,584 4,876 AE Wilson 145,674 384
JB Wiech 179,731 1,607 AL Wilson 134,094 8
D Wiedman 89,220 123 BS Wilson 185,080 11,596
J Wiedman 117,906 494 DC Wilson 120,530 524
D Wiens 128,714 271 DE Wilson 141,561 48,390
KK Wiens 102,211 10,907 DR Wilson 135,234 6,202
CR Wiggins 100,586 3,630 JD Wilson 118,061 2,280
AJ Wight 143,132 894 JP Wilson 191,256 18,654
A Wijaya 144,970 0 MA Wilson 120,672 50
DS Wijeratne 114,321 694 MR Wilson 270,618 12,575
A Wilczewski 113,578 143 SJ Wilson 150,160 2,424

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REMUNERATION EXPENSES REMUNERATION EXPENSES

TR Wilson 195,111 5,971 J Wong 134,005 739


JD Winchester 181,338 16,219 J Wong 135,420 701
B Winkel 79,980 29,911 JL Wong 117,355 3,570
DC Winkel 126,508 3,158 KF Wong 110,618 2,265
TS Winnicky 138,124 511 KK Wong 112,106 1,596
PG Winter 125,033 0 L Wong 125,101 26
AW Withers 137,242 596 MM Wong 115,136 50
CN Withers 98,677 515 MT Wong 155,026 785
DR Witt 184,748 11,819 P Wong 100,421 807
MA Wiwchar 162,050 1,181 R Wong 170,832 1,934
C Woeste 127,879 6,066 R Wong 144,253 1,242
S Wogan 179,050 22,033 RH Wong 91,629 0
L Wohlford 130,145 1,100 SK Wong 114,974 160
MJ Woiken 151,873 160 T Wong 159,183 1,386
SM Woiken 121,241 1,817 T Wong 92,054 3,551
DT Wolanski 141,247 510 TC Wong 110,302 29
BJ Wolosnick 180,655 2,105 TM Wong 117,700 1,859
HM Wolter 213,695 1,335 TS Wong 108,414 0
A Wong 88,981 100 V Wong 131,889 7,311
AC Wong 120,459 0 WW Wong 83,297 0
AW Wong 105,025 35 ZM Wong 123,452 1,463
AW Wong 132,417 150 C Woo 77,276 0
BS Wong 158,510 623 P Woo 141,815 1,890
BY Wong 204,459 2,955 S Woo 128,323 6,362
C Wong 109,164 0 BJ Wood 125,908 8,977
C Wong 150,223 594 CM Wood 88,264 3,165
C Wong 238,252 31,566 DA Wood 155,751 37,140
C Wong 97,619 27,637 LA Wood 76,629 0
C Wong 88,702 446 S Wood 87,541 6,107
D Wong 169,449 15,930 GW Woodbury 161,336 1,930
D Wong 138,180 83 BJ Woodruff 198,608 21,517
DW Wong 375,031 30,800 BM Woods 76,901 5,656
FC Wong 146,337 2,755 R Woodward 138,761 1,500
H Wong 111,606 1,837 E Worden 181,377 568
I Wong 92,086 0 JT Worden 146,992 3,881

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REMUNERATION EXPENSES REMUNERATION EXPENSES

SE World 89,746 0 Y Xie 93,840 250


KC Wotten 99,792 7,053 X Xing 129,825 1,479
DW Wou 138,604 3,002 W Xiong 102,888 0
J Wou 155,401 3,033 C Xu 129,417 1,050
MA Woudwijk 130,702 2,681 G Xu 155,332 4,578
MN Woznesensky 104,645 100 H Xu 145,228 494
AL Wozny 158,282 0 H Xu 139,294 4,375
TG Wray 171,107 13,155 H Xu 108,117 964
CJ Wreggitt 148,318 2,342 H Xu 143,325 494
AN Wright 244,143 7,428 J Xu 110,574 50
BA Wright 135,072 31,914 X Xu 141,336 2,353
DO Wright 125,171 1,012 PG Yaco 114,656 1,050
KK Wright 154,244 9,231 K Yagelniski 88,625 10,256
S Wright 165,866 23,431 M Yaghini 96,405 50
WJ Wright 149,733 9,054 L Yahav 152,619 1,642
C Wu 154,164 1,378 A Yahosseini 147,163 1,784
G Wu 158,268 1,202 S Yamabata 108,460 100
J Wu 199,410 2,812 B Yan 115,817 7,750
JY Wu 109,284 789 H Yan 167,856 544
W Wu 101,708 50 J Yan 106,028 1,334
X Wu 124,726 878 L Yan 186,169 13,865
L Wutschnik 128,774 1,320 M Yan 122,915 1,075
S Wyatt 98,979 0 N Yan 126,854 869
SD Wylie 175,776 4,415 X Yan 138,640 494
SP Wymer 124,001 0 AI Yang 109,447 2,322
B Wyner 85,320 150 CC Yang 80,316 3,085
BM Wynne 133,969 1,050 F Yang 85,196 1,179
M Wynne 246,948 3,590 J Yang 81,076 1,850
T Wynsouw 159,284 3,498 L Yang 145,774 3,175
X Xi 133,786 494 M Yang 133,966 4,415
D Xiang 122,112 6,035 W Yang 177,881 12,596
L Xiao 105,351 50 Y Yang 138,819 935
MH Xiao 141,107 2,600 YE Yang 100,465 0
Y Xiao 144,945 4,253 Z Yao 179,992 2,356
Y Xiao 136,391 9,104 CR Yarjau 170,982 27,697

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on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

DE Yarjau 150,093 30,479 C Young 164,111 6,481


JR Yarjau 158,219 2,918 C Young 129,431 24,018
BT Yasinowski 190,974 2,854 EB Young 107,513 250
JS Yathon 76,175 816 EW Young 155,818 1,382
A Yau 95,212 2,913 G Young 134,083 1,253
L Yau 127,833 2,413 K Young 79,591 855
SC Yau 109,836 494 KE Young 197,171 6,110
SA Yaworski 126,013 1,734 LE Young 127,534 2,320
C Yee 75,942 0 LP Young 107,831 12,947
K Yee 77,419 0 ML Young 118,614 6,830
J Yeom 113,522 494 RA Young 130,652 1,474
J Yeom 77,398 0 SJ Young 110,498 1,050
T Yeong 134,468 914 SP Young 93,919 0
K Yesilcimen 97,232 534 TD Young 153,735 23,260
DC Yeung 119,608 5,666 TM Younger 119,654 2,585
W Yeung 124,136 1,518 EH Yu 121,402 1,242
J Yick 150,572 462 H Yu 93,745 1,120
R Yim 123,105 1,100 L Yu 165,605 544
T Yim 126,166 3,837 LM Yu 154,962 2,985
Y Yin 102,288 105 M Yu 141,490 5,442
EC Yip 117,247 1,100 R Yu 112,736 1,335
K Yip 105,343 0 RA Yu 81,805 0
T Yip 100,122 650 Y Yu 139,730 3,497
EW Yiu 122,691 609 BP Yuan 143,086 2,469
JJ Ymana 123,107 512 J Yuen 121,497 7,222
B Yochim 109,432 22,508 DA Yuill 185,889 20,280
R Yonadim 174,475 10,537 F Yusuf 171,491 745
D Yoon 78,543 8 PT Ywaya 145,978 15,736
MN Yoon 85,440 806 T Yzerman 133,310 1,034
S Yoon 196,236 3,695 J Zabala 108,381 727
IC Yorkston 90,189 0 P Zabeti 141,179 6,032
RA Yost 142,902 35,579 BJ Zabierek 122,647 136
J You 133,947 20,394 JE Zabkar 134,836 420
A Young 139,918 2,137 BA Zacharias 261,248 2,391
BG Young 168,987 7,013 CS Zachow 142,108 30,035

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on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

LS Zachow 234,961 13,418 M Zhang 98,908 0


DP Zack 201,443 36 R Zhang 75,783 530
JG Zadra 145,402 494 S Zhang 109,987 1,640
T Zagumenna 209,381 2,165 WW Zhang 120,418 2,829
A Zaheer 84,411 -289 X Zhang 81,897 0
AC Zaine 100,058 0 X Zhang 184,280 1,232
HA Zaka 118,537 3,286 X Zhang 110,740 494
JJ Zandbergen 147,682 27,958 X Zhang 88,054 7,031
A Zanganeh 184,704 20,248 X Zhang 145,073 2,852
DN Zapf 81,880 131 XX Zhang 157,243 2,968
JN Zarin 200,469 1,019 Y Zhang 151,639 4,162
S Zarin 112,439 0 Y Zhang 151,624 32,361
ED Zaruk 240,411 4,615 C Zhao 124,426 614
JL Zathureczky 92,988 11,844 H Zhao 139,780 685
H Zavoral 136,191 54 H Zhao 180,123 2,716
N Zazubek 117,041 1,352 J Zhao 104,614 1,100
MW Zeller 154,093 494 J Zhao 106,201 433
SM Zemenchik 210,034 15,991 Q Zhao 145,266 4,530
RJ Zemlak 117,258 12,391 W Zhao 193,257 10,211
Y Zeng 79,932 4,275 Z Zhao 107,553 494
R Zeni 155,957 4,984 BS Zheng 151,786 3,839
F Zhai 196,836 494 H Zhong 105,553 0
W Zhan 142,868 2,639 C Zhou 151,537 2,013
Z Zhan 126,369 544 J Zhou 140,071 309
A Zhang 238,240 1,715 J Zhou 124,714 2,916
B Zhang 111,312 5,658 X Zhou 99,932 228
B Zhang 207,990 19,472 Y Zhou 145,218 1,444
C Zhang 124,446 494 Z Zhou 103,679 0
C Zhang 96,455 1,050 H Zhu 166,114 9,373
D Zhang 121,315 927 H Zhu 126,006 10,041
H Zhang 138,951 1,481 J Zhu 126,444 14,445
J Zhang 130,412 363 J Zhu 132,453 308
L Zhang 124,770 1,644 P Zhu 101,484 50
L Zhang 155,768 19,572 Q Zhu 196,973 1,044
M Zhang 122,568 644 V Zhu 114,629 6,329

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Schedule of Remuneration Paid to Employees and Expenses Paid to or Page No: 83 of 84
on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

Z Zhuang 119,138 1,914


DP Zibauer 114,170 9,506
DJ Zienowicz 101,004 10,350
MJ Zieske 327,549 2,325
V Zilberman 117,775 420
TO Zilcosky 134,205 7,116
JA Ziola 167,625 4,666
DP Zobel 137,085 0
DM Zoerb 198,872 6,397
A Zolis 164,725 4,787
M Zou 212,175 1,032
M Zrinyi 98,571 0
MJ Zulak 111,490 539
C Zuo 115,971 250
C Zurak 93,599 21,557
M Zwygart 79,588 1,962

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Schedule of Remuneration Paid to Employees and Expenses Paid to or Page No: 84 of 84
on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES

Consolidated total of other employees with remuneration of $75,000 or less 110,568,771 3,507,326
Total 887,585,418 35,277,251

Receiver General for Canada (employer portion of EI and CPP) 37,938,527

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the Year Ended March 31, 2023

0697144 BC Ltd 74,357 4th Utility Inc 38,099


0697864 BC Ltd 333,824 558814 BC Ltd 761,283
0723024 BC Ltd 158,106 6 Point Engineering and Avalanche Consulting Ltd 41,271
0758311 BC Ltd 72,872 606225 BC Ltd 675,948
0760506 BC Ltd. 52,814 676222 BC Ltd 121,877
0771803 BC Ltd 99,577 676376 BC Ltd 90,340
0798619 BC Ltd. 301,785 679692 BC Ltd 54,010
0864449 BC Ltd 93,615 686149 BC Ltd 98,677
0951303 BC Ltd 40,905 A Lanfranco And Associates Inc 65,688
0994152 BC Ltd 75,750 A&B Rail Services Ltd 29,969
1033394 BC Ltd 80,664 A.E.W. Limited Partnership 151,907
10647802 Canada Ltd 455,735 A.R. Thomson Group 40,573
1081239 BC Ltd 1,112,896 AAA Field Services Ltd 55,599
1085140 BC Ltd 2,383,200 AAA Rebar Only Ltd 362,713
1127571 BC Ltd 34,626 Aarc-West Industrial Insulation Inc 691,482
1157562 BC Ltd 49,072 AB Edie Equities Inc 101,696
1164376 BC Ltd 211,728 ABB Enterprise Software Inc. 4,148,813
1169249 BC Ltd 138,596 ABB Inc. 3,368,508
1306246 BC Ltd 180,332 ABB Power Grids Canada Inc 16,845,916
1317860 BC Ltd 357,217 Abernethy Contracting 735,581
1341021 BC Ltd 147,153 Aboriginal Housing Management Association 301,896
1793278 Alberta Ltd 209,757 Absolute Industrial Mechanical Ltd 104,975
21 Degrees Mechanical Ltd 27,000 Absopulse Electronics Ltd. 56,087
235 Russell Sakura Venture Ltd 111,113 Accenture Inc 5,732,406
285120 BC Ltd 30,683 Accurate Gauge Ltd 143,595
360 Super Techs Inc 62,100 Accutemp Refrigeration 35,900
3DInternet 62,369 Acklands-Grainger Inc. 7,449,408
4 Evergreen Resources LP 7,229,232 ACL Construction Ltd 1,727,121
4 Season Maintenance Ltd. 64,383 Acme Janitor Service Ltd 36,383
4 Seasons Electrical Mechanical Contractors of BC Ltd 31,300 ACO-Anders Consulting Ltd 85,575
44550 South Sumas Inc 210,384 Action Environmental Services Inc. 1,173,859
481847 BC Ltd 33,705 Active Safety Management Inc 45,076
4-D Warner Enterprises Ltd 41,296 Acuren Group Inc. 80,911
4Refuel Canada LP 719,210 Adam Integrated Industries Inc 168,464

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the Year Ended March 31, 2023

Adams Lake Indian Band 58,271 Airspan Helicopters Ltd 987,091


Adam's The Tarp & Tool Co. Ltd 52,856 Aladaco Consulting Inc 82,317
AddEnergie Technologies Inc 2,618,782 Albarrie GeoComposites Limited 903,257
Addy Power Ltd. 166,144 Alberni-Clayoquot Regional District 66,673
Adecco Employment Services Limited 302,835 Alberta Electric System Operator 1,882,552
Adept Vegetation Management Inc. 6,761,095 Alberta Tank Fabrication & Coating Ltd 51,522
Adobe 39,520 Alexander Brajak 131,977
ADR Education 102,698 Align Surveys Ltd 36,230
Advanced Crew Solutions Inc 37,515 All In Property Management Ltd 52,800
Advanced Eco-Solutions Inc 26,880 All Kootenay Aggregate Ltd 30,094
Advanced Electrical Services Ltd 307,433 All Nations Group Holdings LLP 91,508
Advanced Energy Systems 1 LP 1,205,180 Alliance Corporation 37,050
Advanced Energy Systems II Limited 577,289 Alliance Traffic Group Inc 2,033,125
Advanced Excavating and Utilities 96,352 Allied Blower & Sheet Metal Ltd 69,924
Advanced Systems For Power Engineering Inc 48,497 Allied Electronics(Canada),Inc. 25,351
Advanco Electric Ltd 1,308,679 Allnorth Consultants Limited 302,759
Advantec Manufacturing Canada Inc 52,349 Allpoints Fire Protection Ltd 101,547
AE Concrete Products Inc 9,170,724 Allteck Limited Partnership 65,870,038
Aecom Technical Services Inc 601,248 Allwest Reporting Ltd. 233,961
Aecon-EBC General Partnership 357,514 Almita Piling Inc 1,049,103
Aecon-Flatiron-Dragados-EBC 709,471,213 Alouette River Management Society 277,275
Aeriosense Technologies Inc 54,937 Alpha Technologies Ltd. 409,352
Aerodraw Drafting Services 68,056 Alpine First Aid Ltd 28,039
Aerotek ULC 5,902,478 Alpine Lumber & Building Supplies Co. Ltd 25,759
AES Engineering Ltd 206,101 Alstom Grid LLC 3,469,202
Aethon Aerial Solutions Inc 678,933 Altair Engineering Canada Ltd 81,420
Aevitas Inc 2,128,607 Altalink LP 507,167
Affine Climate Solutions Society 174,605 Altec Industries Ltd. 3,504,282
Agrium Canada Partnership 1,720,355 Altien Ltd 107,391
AIG Insurance Company of Canada 476,964 Amazon 356,032
AIM Metals & Alloys LP 46,343 Ambleside Projects Ltd 186,480
Air Canada 247,230 American Society for Testing and Materials 28,745
Air Liquide Canada Inc. 353,767 Ampacimon Inc 273,126
Airbnb 103,502 Ampco Manufacturers Inc 62,448
Airborne Engines Ltd 28,406 Ampjack Industries Ltd 1,770,219

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the Year Ended March 31, 2023

Andec Agencies Ltd. 33,550 Armstrong Crane & Rigging Inc. 259,109
Andrew Sheret Ltd. 115,434 Armtec Inc 219,043
Andritz Hydro Canada Inc 3,157,589 ARO Inc 62,232
Anipet Animal Supplies Inc 40,541 Arrow Lakes Power Corporation 75,768,983
Anixter Canada Inc. 4,351,062 Arrow Transportation Systems Inc 378,000
Anixter Power Solutions Canada Inc 53,330,157 Arrowhead Holdings Ltd 29,364
Ansan Industries Ltd. 4,041,041 Artech Consulting Ltd 26,214
Antares Construction LLP 25,022 Arteche USA Inc 29,538
Antares Project Services LLP 286,931 Ascent Helicopters Ltd 4,843,889
Anthem Crestpoint 27,210 Asco Aerospace Canada Ltd 54,728
Anthony Jones & Associates Inc 76,140 Ashlu Creek Investment LP 14,893,710
Antiquus Archaeological Consultants 68,302 Ashton Mechanical Ltd 54,400
Aon Canada Inc 68,760 ASI Group Ltd 331,692
Apache Powerline Consulting Ltd 25,901 Aski Reclamation Limited Partnershp 2,033,077
APP Engineering Inc. 33,849 Aspen Planers Ltd 930,983
Appenzell Construction Inc 36,400 Aspen Traffic Control 50,888
Appia Developments (2001) Ltd 297,630 Asplundh Canada ULC 25,233,987
Apple 27,556 Assa Abloy Entrance Systems Canada 265,494
Aqua-Bility Projects Ltd. 369,701 Associated Electrical Services Ltd. 74,449
Aquatech Heating & Air Conditioning 72,745 Associated Engineering (B.C.) Ltd 155,667
Aquaterra Corporation Ltd. 111,709 Associated Environmental Consultants Inc 83,177
Aquiform Distributors Ltd 33,520 Associated Fire Safety Equipment 49,720
Arbor Art Tree Service Ltd 32,542 Association of Professional Engineers & Geoscientists 157,411
Arborwest Consulting Ltd. 845,070 Assured First Aid & Safety 82,246
ARC Resources Ltd 1,641,025 ASTC Science World Society 120,985
Archer CRM Partnership 403,547 AT&T Global Services Canada Co 27,676
Arcose Consulting Ltd 387,691 ATB Riva Calzoni Hydro Canada Inc 8,275,527
ArcTech Welding & Machining Ltd. 60,339 ATC Power Corporation 3,042,213
Arctic Arrow Powerline Group Ltd 6,065,930 ATCO Energy Ltd 31,769
Arete Safety & Protection Inc. 70,149 ATCO Structures & Logistics Ltd. 45,643
ARI Financial Services Inc. 55,593,493 ATCO Two Rivers Lodging Group 64,819,893
Ariba Inc 2,512,160 Atlantic Industries Ltd 762,754
Ariva Resorts Limited Partnership 42,641 Atlantic Power Preferred Equity Ltd 43,946,652
Armature Electric Ltd 188,321 Atlas Copco Compressors Canada 107,888
Armor Alloys BC Ltd. 56,486 Atlassian Pty Ltd 42,301

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the Year Ended March 31, 2023

Attridge Contracting Ltd 527,365 BC Access Flooring Inc 39,360


Aura Health and Safety Corp 453,190 BC Common Ground Alliance 26,250
Aurora Resource Consulting 29,919 BC Conservation Foundation 187,837
Ausenco Engineering Canada Inc 5,407,023 BC Fasteners & Tools Ltd. 84,591
Authentic Leadership Global Inc 26,828 BC Housing Management Commission 761,720
Autodesk Inc. 2,194,926 BC Hydro Pension Plan 59,739,081
AutoGrid Systems Inc 207,194 BC Hydro Power Pioneers 212,700
Avanade Canada Inc 1,567,979 BC Institute of Technology 329,152
Avenue Machinery Corp 310,657 BC Investment Management Corporation 200,776
AW (Sandy) Carpenter Professional Law Corporation 267,949 BC Lottery Corporation 56,250
AW Fireguard Supplies (1991) Ltd 25,654 BC Non-Profit Housing Association 207,094
Awesense Wireless Inc 1,566,373 BC One Call Limited 408,364
Axis Mountain Technical Inc 284,490 BC Pavilion Corporation 32,101
A-Z Printers Plus Inc 50,992 BC Public Interest Advocacy 79,666
Azimuth Consulting Group Inc. 285,298 BC Solar And Storage Industries Association 30,027
Azmeth Forest Consultants Ltd. 199,045 BC Wildlife Federation 259,254
B & T Line Equipment Testers Ltd. 445,997 Beach Grove Solutions Inc 235,189
B.A. Blacktop Ltd. 623,455 Bear Creek Contracting Ltd 449,170
BA Dawson Blacktop Ltd 72,000 Bear Hydro Limited Partnership 8,101,834
Bad Ventures Ltd 697,281 Bear Mountain Wind Limited Partnership 15,191,981
Badger Daylighting LP 35,036 Beaver Electrical Machinery Ltd 98,714
Bagwell Supply Ltd. 94,377 Bee Clean Building Maintenance 910,815
Baicells Technologies North America Inc 26,862 Beldon Sales Ltd. 237,687
Bailey Helicopters Ltd. 125,010 Bell First Aid Services Inc 442,129
Baiocco Ventures Ltd 107,961 Bell Mobility Inc 132,052
Baker Creek Estates Ltd 156,846 Bell Rock Construction Ltd 49,599
Bandstra Transportation Systems Ltd 212,813 Bellavance Welding Ltd. 719,012
Bank of Montreal 849,136 Benevity Inc 29,337
Banner Motorsports Vernon Ltd 63,603 Bennett Jones LLP 182,736
Barr Creek Limited Partnership 839,322 Bennett Land Surveying Ltd 66,104
Baseline Archaeological 306,473 Bentallgreenoak (Canada) GP Ltd 28,154
Basetwo Media Inc 196,350 Bentley Systems Inc. 76,452
Basler Electric Company 1,122,133 BES Building Energy Solutions Ltd 39,257
BBA Engineering Ltd 7,616,768 Best Buy Canada Ltd. 77,136
BBA Field Services Ltd 5,106,923 Bethany Court Housing Society 277,572

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the Year Ended March 31, 2023

BGC Engineering Inc 2,157,198 Bonneville Power Administration 31,886


BGE Service & Supply Ltd. 51,243 Boralex Ocean Falls LP 3,236,204
BGIS Global Integrated 14,580,040 Borden Ladner Gervais LLP 3,198,370
BHD Instrumentation (BC) Ltd 109,111 Borden Ladner Gervais LLP In Trust 2,285,696
BHEX Contracting Ltd. 170,996 Borradaile Contracting And Inspection Service Ltd 159,786
Big Iron Hydrovac Services Ltd. 65,606 Bosa Properties (Thurlow) Inc 100,832
Big League Utilities Corp 115,253 Boston Bar Ltd. Partnership 90,821
Big Silver Creek Power Limited 15,150,271 Boulder Creek Power Limited 8,897,662
Bigfoot Crane Company Inc 148,420 Bowen Island Municipality 122,236
BigSteelBox Corporation 247,060 Bowen Road Country Grocer 73,280
BioNorth Energy Limited Partnership 36,269,634 Box Canyon Hydro Corporation 5,534,210
BioSonics Inc 265,306 Brando Construction Ltd 30,000
Bird Studies Canada 76,993 Brandt Tractor Ltd 62,370
Bizzie B's Cleaning 113,729 Bremner Trio Hydro Corp. 6,391,544
Black & Mcdonald Ltd. 2,540,690 Brent Collins 133,126
Black Leaf Property Services 127,424 Brentwood - Willingdon Projects Ltd 117,962
Black Press Group Ltd 40,928 Brian Gould Consulting Inc 78,583
Blackbird Environmental Ltd 219,030 Bridge River Indian Band 420,459
Blackcomb Helicopters LP 5,226,439 Bridge River Management Limited Partnership 49,519
Blackwood Building Centre Ltd 29,171 Bridge River Valley Mechanical 39,377
Blanchard Training & Development Canada Ltd 368,246 Brilliant Expansion Power 31,826,043
Block F Limited Partnership 151,956 Brisco Wood Preservers Ltd 46,133
Block's Commercial Kitchen Equipment Services Ltd 82,165 Bristol Global Mobility Limited 390,461
Bloomberg Finance L.P. 94,663 Britco Boxx Limited Partnership 1,003,318
Blue Max Drilling Inc 289,550 British Columbia Ferry Services Inc 103,455
Blue Sapphire Contracting Ltd. 93,636 British Columbia Rapid Transit Company Ltd. 58,699
Blue Universe Communications Ltd 1,247,977 British Columbia Safety Authority 100,000
Blue Water Systems Ltd 67,794 Broadwater Industries (2011) Ltd 35,440
Blueberry River Enterprises LP 89,953 Brock White Canada Company 149,952
Blueberry River First Nations 321,349 Brogan Safety Supplies 72,301
BMP Engineering & Inspection Inc 80,929 Brooklynn Contracting Ltd. 101,479
BNBK Contractor Ltd 311,639 Brown & Oakes Archaeology Ltd 183,304
Bob Mitchell Excavating Ltd 53,399 Brown Miller Power LP 11,595,252
Bogdonov Pao Associates Ltd. 99,591 Brymark Installations Group Inc 1,595,395
Bonaparte Indian Band 32,881 Bryn M Hughes 35,728

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the Year Ended March 31, 2023

Buck Robertson Contracting Ltd 26,140 Canadian Hydro Developers Inc. 20,643,794
Building officials Association 35,000 Canadian Linen & Uniform Service 97,130
Building Owners & Managers 283,463 Canadian Mountain Holidays LP 306,337
Burgess Plumbing Heating 36,467 Canadian National Railway Co. 298,643
Burns & McDonnell Canada Ltd 2,575,527 Canadian Pacific Railway Company 162,910
Burrard Place Development Management AB Ltd 381,438 Canadian Softwood Inspection Agency Inc 68,293
Business Council of British Columbia 41,685 Canadian Tire Corporation Limited 422,142
Busy Bee Cleaning 89,885 Canadian Wildlife Federation 39,423
Butler Concrete & Aggregate Ltd 216,301 CanaSteel Rebar Services Corp 49,454
Butler Ridge Energy Services (2011) 71,226 Cancor Rathole Inc 38,551
BV Electric Ltd. 50,615 Can-Dive Construction Ltd. 32,361
C & D Technologies Inc. 293,009 Canem Systems Ltd. 97,752
C Marshall and Associates Inc 69,815 Canfor Pulp Limited 11,735,304
C. Norman Trenching Ltd. 645,272 CanMine Contracting LP 34,732
C.J. Ledgers 41,585 Canoe Creek Hydro Limited 1,445,332
Cadillac Fairview Corporation Ltd. 651,000 Canpac Marine Services Inc 98,666
Caltech BC Land Surveying Inc 207,378 Canruss Paramedic Oil Services Ltd 506,618
Cam Tran Co Ltd 54,141,205 Cansel Survey Equipment Inc 35,412
Cameron Van Driel Consulting Inc 65,791 Cantac Machining Ltd 94,539
Campbell River Common Shopping Centre 292,267 Cantalk (Canada) Inc. 60,682
Campbell Scientific (Canada) 125,277 Canteen of Canada Limited 189,499
Camtrux CCTV Inspections Ltd 204,711 Cantega Technologies Inc 1,067,861
Canada Bread Co Ltd 169,705 Cantex-Okanagan Construction Ltd 13,438,057
Canada Metal (Pacific) Ltd. 69,160 Cantower Coatings Inc 169,616
Canada NDE Technical Services 179,531 Cape Scott Wind LP 49,386,661
Canada Post Corp. 6,252,751 Capilano University 95,073
Canadian Aerothermal 57,055 Capital City Paving Ltd 387,304
Canadian Broadcasting Corp. 165,541 Capital Grid Services Corp 146,428
Canadian Dewatering LP 255,268 Capital Power LP 64,375,150
Canadian Doormaster Electric Ltd 78,717 Capital Regional District 1,097,136
Canadian Electricity Association 53,288 Capital Tree Service Inc 1,501,644
Canadian Emergency Medical Services Inc 394,041 Capreit Apartments Inc 299,556
Canadian Forest Products Ltd. 434,873 Carbon60 Operating Co Ltd 90,773
Canadian Helicopters Ltd. 2,926,510 Cariboo Power Flagging Ltd 900,893
Canadian Home Builders Association 298,100 Carrier Lumber Ltd 463,995

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the Year Ended March 31, 2023

Cascade Capital Machine Sales Inc 200,530 Chinook Scaffold Systems Ltd. 649,247
Cascade Energy Inc 76,510 Chris' Crane Service 235,717
Cascadia Port Management Corporation 89,428 Christensen Associates Energy 114,929
Castle Mountain Hydro Ltd. 3,246,209 Chu Cho Environmental LLP 192,663
Catalyst Paper Corporation 76,850 Chu Cho Industries LP 1,573,769
Cayoose Creek Indian Band 142,264 Cicame Energie Inc. 90,186
Cayoose Creek Power LP 2,147,011 CIMA Canada Inc 122,542
Cayuse Flats Transportation 146,585 Cintas Corporation 280,039
CBRE Limited 37,896 Cipa Lumber Company Ltd 137,354
CBV Collection Services Ltd 48,632 Cisco Systems Canada Co 45,920
CD Industrial Group Inc 43,995 Cisco Systems Capital Canada Co 687,615
CD Nova Ltd. 81,416 City Green Solutions Society 150,000
CDC Synectics Inc 56,595 City of Abbotsford 4,944,908
CDW Canada Inc. 57,656,691 City of Armstrong 106,773
CEATI International Inc 877,643 City of Burnaby 13,234,793
Cedars at Cobble Hill 40,880 City of Campbell River 3,774,370
Celtic Reforestation Services Ltd 157,274 City of Castlegar 88,950
Central Cariboo Disposal Services 43,938 City of Chilliwack 2,084,940
Central Interior Piping & Maintenance Ltd 169,205 City of Colwood 190,026
Central Island Powerline Ltd. 10,057,989 City of Coquitlam 4,035,807
Central Kootenay Invasive Species 52,368 City of Courtenay 693,583
Central Park Developments Inc. 613,870 City of Dawson Creek 1,256,224
Centrix Control Solutions LP 86,004 City of Delta 5,218,701
Century 21 In Town Realty 26,173 City of Duncan 68,296
Century Plastics Ltd. 173,839 City of Fort St. John 2,118,108
Ceragon Networks Inc 42,788 City of Kamloops 2,699,849
CG Industrial Specialties Ltd 47,616 City of Kelowna 28,756
CGI Information Systems and Mgmt Consultants Inc 3,741,411 City of Kimberley 131,117
Chartered Professional Accountants of BC 56,490 City of Langford 525,511
Chartwell Consultants Ltd 6,748,463 City of Langley 338,494
Cheakamus Foundation for Environmental Learning 74,375 City of Maple Ridge 2,339,088
Cheam First Nation 56,598 City of Merritt 365,067
Checkmate Fire Prevention Inc 84,624 City of Nanaimo 3,077,532
Chevin Fleet Solutions LLC 60,431 City of Nelson 3,088,954
Chewters Chocolates (1992) Inc 32,570 City of New Westminster 459,492

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the Year Ended March 31, 2023

City of North Vancouver 1,920,037 Coast Mountain Hydro Limited 150,767,154


City of Parksville 184,217 Coast Powerline 2005 Ltd 1,187,815
City of Pitt Meadows 335,363 Coast Range Concrete Ltd. 184,229
City of Port Alberni 854,496 Coastal Heat Pumps Co Inc 25,700
City of Port Coquitlam 794,169 Coastland Wood Industries Ltd 92,665
City of Port Moody 2,082,546 Coben Advisory Inc 79,406
City of Powell River 386,316 Cohesium Research Ltd 28,739
City of Prince George 2,661,722 Cold Country Towing & Traffic 353,656
City of Prince Rupert 383,614 Colebran Management Ltd 475,614
City of Quesnel 846,171 Colebran Vegetation Ltd 227,101
City of Revelstoke 4,484,542 Colliers International Realty 133,286
City of Richmond 6,600,760 Colliers Project Leaders Inc 3,179,880
City of Salmon Arm 569,727 Columbia Extreme Contracting Ltd 26,947
City of Surrey 27,857,800 Columbia Shuswap Regional District 2,568,871
City of Terrace 807,252 Columbia Speech & Language Services Inc 26,400
City of Vancouver 30,530,515 Columbia Valve & Fitting Ltd. 111,253
City of Vernon 1,869,151 Commander Warehouse Equipment Ltd 50,278
City of Victoria 2,725,903 Commercial Energy Consumers Association of BC 177,820
City of West Kelowna 674,497 Commercial Truck Equipment Corp 3,057,136
City of White Rock 261,729 Community Energy Association 842,743
City of Williams Lake 381,796 Comox Rentals & Recreation Ltd 50,024
CJ Logging 26,250 Comox Valley Project Watershed Society 175,995
CKF Inc 37,211 Comox Valley Regional District 64,036
Clarkson University 82,091 Compass Group Canada Ltd. 44,627
Clayoquot Construction Ltd 103,600 Compass Management Consulting 38,572
Clear Blue Water Systems Ltd 38,546 Compass Resource Management 363,416
Clearbrook Cycles Ltd 34,855 Compax Holdings Ltd. 50,981
Clearesult Canada Inc 451,689 Compugen Inc. 1,395,499
Cleartech Industries Inc. 44,061 Comtech (Communication Technologies) Ltd. 138,097
Cleaveland Price Inc 92,498 Concentric Advisors ULC 274,016
Clowhom Limited Partnership 6,365,194 Concept Controls Inc. 25,671
CMH Underground Utilities Ltd 2,415,677 Concert Properties Ltd 51,109
Coast Cutting & Coring Ltd. 129,602 Concert Realty Services Ltd 75,809
Coast Hydro Excavating Ltd 118,325 Concord Wedgemount Creek General Partnership 1,510,432
Coast Mountain Bus Co. Ltd. 99,534 Concorde Specialty Gases Inc. 104,294

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the Year Ended March 31, 2023

Conifex Power Limited Partnership 9,790,764 Cover Star Structures Ltd 57,960
Connect Hearing 51,759 Cowichan Tribes 62,690
Conquer Contracting Ltd 82,053 Craftsman Collision Ltd 110,916
Consortium for Energy Efficiency 126,967 Craig McCook 42,989
Constable Consulting 47,301 Crane Creek Enterprises 33,188
Construction Foundation of British Columbia 100,000 Crane Fire Systems Ltd 38,745
Consus Management Ltd 1,103,173 Craneium Inc 1,748,210
Contemporary office Interiors Ltd 2,146,351 Creative Energy Vancouver Platforms 189,552
Content Strategy Incorporated 90,362 Credit Bureau of Vernon Ltd. 197,241
Controlled Bolting Equipment Inc 64,950 Crescendo Management Company 33,548
Conway Electric Inc 48,669 Crescent Bay Construction Ltd. 139,064
Conwest (1575 POCO) Ltd 53,505 Creston Valley Wildlife 477,540
Cooper Equipment Rentals Limited 243,197 Crew Energy Inc 52,775
Cooper Industries (Electrical) Inc 3,136,891 Crimson Holdings Inc 57,433
Copcan Civil Limited Partnership 1,665,116 Cross Canada Millwright Ltd 38,811
COPE Local 378 176,307 Crossroads Hwy Services Ltd 62,372
Copper Bay Concrete Ltd 531,174 Crosstown Metal Industries Ltd. 8,092,955
Copper Mountain Mine (BC) Ltd 2,081,351 Crystal Lee Johnson 322,252
Copperleaf Technologies Inc. 918,716 CSA Group Testing & Certification Inc 185,000
Coral Canada Wide Ltd 257,812 CSP Management Ltd 227,467
Corelogic Facility Services 26,231 CT Inlet Marine Repairs Inc 110,006
Corix Multi-Utility Services Inc 183,395 Cube Project Management Ltd 70,400
Cornerstone Planning Group 72,090 Cullen Diesel Power Ltd. 184,954
Corporate Electric Limited 26,951 Culliton Creek Power Limited Partnership 6,693,927
Corporation of The City of Cranbrook 556,105 Cumberland Community Forest Society 96,000
Corporation of The City of Enderby 45,141 Curtis Personalized Health 178,718
Corporation of The City of Fernie 257,104 Custom Air Conditioning Ltd. 83,392
Corporation of The District of Oak Bay 179,920 Custom Cubes Ltd 45,234
Corporation of The Village of Burns Lake 142,367 Custom Dozing Ltd. 133,696
Corporation of The Village of Cumberland 52,110 Cutting Edge Consulting Inc 53,738
Corporation of The Village of Masset 63,559 CWPC Property Consultants Ltd 60,900
Corporation of The Village of McBride 82,778 Cyclone Hydrovac Ltd 325,508
Costco Wholesale Canada Ltd. 198,134 Cyclone Logistic Solutions 115,292
Covanta Burnaby Renewable Energy 7,620,666 Cyient Canada Inc 142,242
Cove Software LLC 58,229 Cyme International T&D Inc. 55,253

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the Year Ended March 31, 2023

Cypress Forest Consultants Ltd 74,278 Digi-Key Electronics 92,555


D & T Industrees (2019) Ltd 43,704 Diligent Canada Inc 84,202
Dado Designs Inc 94,256 Dillon Consulting Ltd. 185,045
Dam Helicopters Inc. 144,950 Dilo Co. Inc. 232,146
Damsolve Limited 41,878 Direct Energy 99,606
Dandzen Development Limited Partnership 180,278 Direct Energy Business Services 60,623
Danfoss Industrial Ltd 25,590 Direct Technology Holdings Inc 81,375
Daniel Johnson Consultants Inc 62,540 Discovery Coast Greenways 32,256
Data Centre Dynamics Ltd 62,868 Discovery Crane Rental Ltd. 71,964
DataCore Mail Management Ltd. 1,285,063 District of 100 Mile House 160,514
Dave's Backhoe Service 80,650 District of Barriere 63,250
Dave's Plumbing Ltd 28,572 District of Central Saanich 627,750
Davey Tree Expert Co. of Canada 6,952,563 District of Chetwynd 210,075
Davis Environmental Ltd 103,227 District of Clearwater 111,342
DC Design Ltd 170,136 District of Coldstream 201,392
DC Welding & Fabrication Ltd. 56,514 District of Elkford 234,431
Debra A Lamash & Associates Ltd 185,033 District of Fort St. James 67,821
Deloitte LLP 5,026,570 District of Highlands 125,317
Delphine's Traffic Control 141,995 District of Hope 275,393
Delta Infrared Services 36,491 District of Houston 221,139
Delta Tritec Group Ltd 242,919 District of Hudson's Hope 3,780,710
Denis Francoeur Backhoeing Ltd. 570,159 District of Invermere 76,651
Depend-A-Dor Repairs & Installation Ltd 44,289 District of Kent 482,233
Derek Brown 34,349 District of Kitimat 330,593
Design Group Staffing Inc 413,830 District of Lake Country 647,018
Developmental Disabilities Association 108,712 District of Lantzville 179,786
Deverell Contracting Ltd 794,065 District of Lillooet 844,104
Devonshire Properties Inc 377,202 District of Logan Lake 579,879
DG Technologies Ltd. 25,921 District of Mackenzie 2,627,686
DH Signs of the Time Enterprises Inc 30,148 District of Metchosin 118,753
DHI Group 41,834 District of Mission 4,173,056
DHL Express (Canada) Ltd 41,221 District of New Hazelton 50,352
Dick's Lumber & Building Supplies Ltd. 62,012 District of North Cowichan 1,814,630
Dig Right Enterprises Ltd. 989,244 District of North Saanich 311,885
Digger Civil Contractors Ltd 293,594 District of North Vancouver 7,114,682

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the Year Ended March 31, 2023

District of Peachland 73,041 Doran Taylor Power Partnership 1,342,811


District of Port Edward 325,113 Double Barrel Industries Inc 1,979,713
District of Port Hardy 172,844 Double Vision Business Development Services Ltd 57,173
District of Saanich 3,290,199 Doug Todd 50,000
District of Sechelt 238,016 Douglas Mauger 183,608
District of Sicamous 94,777 Douglas Smith 29,960
District of Sooke 272,662 Doumont Welding Ltd 111,355
District of Sparwood 493,350 DPS Telecom 30,806
District of Squamish 1,455,885 Dr. Gail Atkinson 43,313
District of Stewart 179,181 DriverCheck Inc 118,023
District of Taylor 536,204 Driving Force 2,642,228
District of Tofino 59,336 D-Rock 142,987
District of Tumbler Ridge 314,245 Dromadaire Geo-Innovations Inc 42,905
District of Ucluelet 52,603 Dronelogics Systems Inc 108,388
District of Vanderhoof 286,269 DSDL Canada Investments Ltd 55,335
District of West Vancouver 887,351 DTN LLC 145,779
Diversified Environmental Services 41,733 Ducks Unlimited Canada 3,251,185
Dixon Networks Corporation 135,448 Duncan Kent & Associates Ltd. 385,802
DKP Pulp ULC 20,933,492 Dunsky Energy Consulting 80,721
DM Fourchalk Property Consultants 43,935 Duz Cho Construction Limited 24,748,645
DMD & Associates Ltd. 1,160,663 DV Coastal Custom Homes Ltd 25,620
DNA Data Networking and Assemblies 2,423,665 DWB Consulting Services Ltd 349,749
DNV GL Energy Insights USA Inc 43,050 Dynamic Avalanche Consulting Ltd 242,308
Doble Engineering Company 1,162,867 Dynamic Isolation Systems Inc 2,007,771
Dogwood Transport Ltd. 62,689 Dynamic Rescue Systems Inc 267,840
Doig River First Nations 699,013 E.B. Horsman & Son 851,557
Dokie General Partnership 43,436,853 E.U.I. Diesel Service Ltd 89,264
Dolan's Concrete Ltd 76,240 Eagle Nest Construction Ltd 2,749,556
Domain7 Solutions Inc 262,500 Eagle Vision Video 481,701
Domcor Health Safety & Security Inc 4,591,553 Earth Vac Environmental Ltd. 241,351
Domtar Inc. 8,849,969 East Kootenay Invasive Species 50,206
Don Charlton Ltd. 84,367 Eaton Industries (Canada) Company 2,594,305
Donae K Capps 35,000 EB Albertson Lawn Service Inc 28,946
Donald's Machine Works Ltd. 181,042 Ebco Industries Ltd. 4,333,480
Donaldson Company, Inc. 50,739 EBSCO Canada Ltd 65,684

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the Year Ended March 31, 2023

E-Card ID Products Ltd 57,779 Engen Services Ltd 50,474


Ecodyne Limited 137,962 Enghouse Interactive (Canada) Inc 600,450
Ecofish Research Ltd 656,675 Engine Digital Inc 276,656
Eco-fitt Corporation 1,379,508 EnGlobe Corp 2,738,910
Ecofor Consulting Ltd. 2,938,654 EnPower Green Energy Generation LP 1,622,916
Ecolighten Energy Solutions Ltd 654,703 Eos Lightmedia Corporation 33,296
EcoLogic Consultants Ltd 179,521 Epoch Solutions Group Inc 125,944
Ecometric Research Inc 31,787 EPRI 931,690
Ecora Engineering & Resource Group 226,603 Equifax Canada Co 131,676
Ecoscape Environmental Consultants 122,256 Equinox Software Design Corporation 897,588
Edgett Excavating Ltd 537,153 Equitable Real Estate Investment Corporation Ltd 39,250
Edgewood Health Network 32,200 ErgoRisk Management Group Inc 78,941
EDI Environmental Dynamics Inc. 467,451 Eric Todd Manning 76,094
EDS Pumps & Water Treatment Ltd 149,015 Ericsson Canada Inc 521,640
Eecol Electric Corp. 3,109,568 Ernst & Young LLP 1,534,450
EJ Canada ULC 422,478 ES OPCO Canada II Ltd 127,404
EJTC Enterprises Inc 263,890 Escuadra Custom Homes Ltd 31,080
ELC Security Products 30,475 Esketemc First Nation 79,738
Electranix Corporation 193,909 ESRI Canada Ltd. 630,756
Electrical Energy Training Group 354,240 EUISSCA 48,263
Electrolab Limited 75,049 Evans Consoles Corporation 636,004
Elevate Consulting Inc 51,713 Evergreen Building Maintenance Inc 160,092
Elk River Watershed Alliance 50,052 Evergreen Industrial Supplies 46,117
EMCO Corporation 219,000 Evolugen Trading And Marketing LP 88,146
E-Mobility Market Services Inc 111,367 Evolve Engineering Inc 104,514
Empirica Infrastructure Inc 64,200 Excel Scaffold Solutions Ltd 50,639
Empowered Homes Inc 390,367 Exton and Dodge Land Surveying Inc 252,018
Empty Nest Trucking Ltd 25,519 Extreme Safety & Services Ltd 241,051
Emspec Inc 25,200 Eyesafe British Columbia 56,744
Ending Violence Association of BC 38,300 F & F Concrete Ltd. 95,848
Energetic Traffic Control Ltd 491,876 F & M Installations Ltd 99,275,961
Energy 350 Inc 73,165 Factiva Limited 65,016
Energy Realty Ltd 53,396 Falcon Equipment Ltd. 4,674,824
Enervac International ULC 1,258,932 Farmers' Fresh Mushrooms Inc 44,721
Enervee Corporation 250,502 Fasken Martineau DuMoulin LLP 3,453,254

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the Year Ended March 31, 2023

FAST First Aid & Survival 227,345 Foundex Explorations Ltd. 6,599,104
Fastenal Canada Ltd 73,058 Four Rivers Co-operative 26,614
Fematics Canada Inc 65,468 FR Rentals Ltd 167,924
FG Deli Group Ltd 82,217 Franklin Covey Canada Ltd 169,379
FGL Sports Ltd 58,781 Fraser Basin Council Society 165,475
Fineline Road Marking Ltd 27,539 Fraser Burrard Diving Ltd 334,044
Finnair Ltd. 3,124,360 Fraser Health Authority 46,515
Finning International Inc. 5,509,112 Fraser River Pile & Dredge (GP) Inc 2,603,641
Firefin Enterprises 655,521 Fraser Valley Regional District 156,750
First Nations Energy & Mining Council 72,200 Fred Thompson Contractors (1991) 22,864,065
First Quartile Consulting LLC 42,028 Freshpoint Vancouver Ltd 71,365
FIS Capital Markets US LLC 185,063 Freshwater Fisheries Society of BC 320,389
Fitzsimmons Creek Hydro Limited 2,434,762 Freshworks Studio Inc 161,352
Flameguard Safety Services Ltd. 84,237 Frontier First Aid Services Ltd 106,533
Flatiron Dragados Joint Venture 140,722 Frontier Power Products ULC 317,563
Flatiron-Graham 1,237,437 Frontline Medical Services 64,376
Fleming Tree Experts Ltd 596,387 FRP Engineering Ltd 64,844
Flexiforce Canada Inc 27,834 FT Telkwa RV Park Ltd 63,000
Flextrack Inc 2,546,585 Fujitsu Consulting (Canada) Inc. 26,552,104
Flightdeck Media Inc 110,061 Fujitsu Network Communications Inc 218,075
Flow Consulting Group Inc 29,513 Fulford Harbour Consulting Ltd 33,994
Flow Science Inc 27,829 Fully Charged Show Limited 30,000
Flynn Canada Ltd 172,335 Furry Creek Power Ltd. 2,292,898
FNX-INNOV Inc 1,455,691 G & B Fuels Inc 2,003,063
Foisy Enterprises 53,485 Gabriel Somjen 25,336
Fonex Data Systems Inc. 2,718,790 Gap Wireless Inc 180,598
Foothills Pipe Lines (South BC) Ltd 120,790 Garnett Wilson Realty Advisors Ltd 128,993
Foothills Silva Culture Inc 128,943 Gartner Canada, Co. 224,070
Forbes Bros Ltd 32,736,880 Gasfield Plumbing and Heating Ltd 64,013
Forest Power Sports Ltd 54,274 Gasworld 59,965
FORME Ergonomics & Workplace Health Inc 63,591 Gateway Infrastructure Group GP 857,951
Formula Contractors Ltd 12,442,135 GCT Canada GP LLC 29,227
Forrester Research Limited 97,982 GCT Canada Limited Partnership 538,650
FortisBC Energy Inc 13,822,021 GE Energy Management Services LLC 3,278,460
Fortress Information Security LLC 231,835 GE Multilin 734,458

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the Year Ended March 31, 2023

GE Renewable Energy Canada Inc 206,610 Goldfin Consulting Inc 37,118


GE Steam Power Canada Inc 467,973 Gordon Craig 52,500
Geier Waste Services Ltd. 76,013 Gordon Crane & Hoist Inc. 608,287
General Credit Services Inc. 178,242 Gorman Bros Lumber Ltd 46,978
General Electric Canada 7,643,594 GOTraffic Management Inc 5,181,472
Generator and Motor Services of Pennsylvania LLC 550,150 Gottler Bros. Trucking & Excavating Ltd. 65,260
Genesis Systems Corporation 42,937 Gowling WLG (Canada) LLP 334,338
Genics Inc 765,449 Graf Excavating Co. Ltd. 470,260
Geobrugg North America LLC 153,233 Graham Infrastructure LP 8,238,419
George Chatten 35,400 Graham Woodworking Inc 272,831
Georgia Street Media Inc 474,774 Grand & Toy Limited 840,393
Georgia Tech Research Corporation 151,704 Gratto Electrical Services Inc 73,548
Geotech Drilling Services Ltd. 255,138 Gravitec Systems Inc. 68,676
GeoVerra Inc 2,102,986 Graystone Concrete & Masonry 64,573
GeoVision Inc 59,523 Great Bear Initiative Society 700,000
Gerald Peters Ventures Ltd. 47,891 Great Canadian Limited Partnership 152,392
Gescan 84,531 Great Western Containers Inc 37,973
Gestion MGB Inc 163,380 Greater Vancouver Regional District 715,508
GFL Environmental Inc 534,331 Green Motors Practices Group 109,132
GFL Environmental Services Inc 186,976 Green Standards Ltd 34,492
GHD Limited 334,279 Greenbank Environmental Inc 495,205
Gibraltar Mines Ltd 85,067 Greenstep Solutions Inc 252,656
Gibson Bros. Contracting Ltd. 753,591 Greg Thompson 64,850
Giesbrecht Law Corporation In Trust 65,000 Gregg Distributors Ltd 386,686
Gilbert Supply Company Ltd 44,245 Greta's Class Act Services 40,425
Gisborne Industrial Construction Ltd. 1,225,726 Grid Solutions Canada ULC 143,376
Gitga'at First Nation 38,349 Grizzly Supplies (2012) Ltd. 25,355
Gitxsan Safety Services Inc 101,020 Grouse Mountain Ranch Ltd 102,607
Glen Vowell Indian Band 32,975 Grover, Elliott & Co. Ltd 35,699
GLJ Petroleum Consultants Ltd 49,613 GrowthSpace Inc 51,728
Global Knowledge Solutions LLC 107,884 Guardians of Mid Island Estuaries 71,071
Global Roadway Maintenance Inc 32,613 Guidehouse Canada Ltd 2,274,349
Gold Bridge Community Club 26,350 Guildford Golf & Country Ltd 70,000
Golden District Rod and Gun Club 36,453 Guillevin International Co. 948,977
Golder Associates Ltd 4,487,585 Gulf Islands Cruising School Ltd 48,634

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the Year Ended March 31, 2023

GVIC Communications Corp 60,889 Heavy Metal Marine Ltd 625,042


Gwen L. Johansson 110,677 Hedgehog Technologies Inc 37,974
Gwil Industries Inc. 461,997 Heiltsuk Nation 208,000
GWL Realty Advisors Inc 138,905 Hemlock Printers Ltd. 867,433
H & H Welding Fabrication & Rental 419,467 Hemmera Envirochem Inc. 1,466,897
H2X Contracting Ltd. 1,316,540 Hercules SLR Inc 133,902
Haa-ak-suuk Creek Hydro Limited 1,912,863 Heritage office Furnishings Ltd 947,474
Habanero Consulting Inc 149,408 Heritage Roofing & Sheet Metal Ltd 104,725
Hagedorn Machinery Development & Engineering Inc 135,535 Herold Engineering Ltd. 56,761
Haida Gwaii Traffic Control and Services 69,989 Hexagon Geospatial 42,771
Halalt First Nation 31,664 HFG Global Management Corp 64,428
Halfway River First Nation 413,862 HHS Drilling & Blasting Ltd 78,516
Halfway River Frost LP 23,687,301 Hiballer Marine Ltd 63,994
Halfway River IDL Ltd Partnership 112,670 High Impact Lab Inc 57,750
Halfway River International 3,245,067 High Purity Northwest Inc 34,046
Halfway River Western Canadian Mulching Ltd 91,201 High Tide Tours & Water Taxi Ltd. 241,686
Halo Sawmill Manufacturing LP 236,250 Highline Mushrooms West Limited 58,522
Hamazaki Wong Marketing Group 328,866 Hil-Tech Contracting Ltd. 87,829
Happy Planet Foods Inc 51,564 Hilti (Canada) Corporation 482,534
Harbour International Trucks 143,853 Hitachi Energy Canada Inc. 57,094
Harbourview Electric Ltd. 35,900 HMI Construction Inc. 297,380
Harris Steel ULC 610,798 Holeshot Motorsports Ltd 54,177
Harrison Hydro Limited Partnership 38,140,965 Holland Creek Homes Ltd 26,640
Harrison Industrial Contracting Ltd 3,111,236 Hollandia Greenhouses Ltd 289,452
Hartman Electric Ltd 25,935 Holtec International 43,174
Hartman Walsh Canada ULC 10,867,477 Home Depot Canada Inc. 1,133,663
Hatch Ltd. 598,811 Home Hardware Stores Ltd. 162,894
Hauer Creek Power Inc. 624,055 Home Performance Stakeholder Council Association 157,500
Hawker Siddeley Switchgear Limited 51,973 Hootsuite Media Inc. 111,596
Haylock Bros. Paving Ltd 66,938 Horizon Electric Inc 34,309
Hazelwood Construction Services Inc 15,288,732 Horizon North Camp & Catering Partnership 1,671,670
Hazmasters Inc 191,274 Horizon Recruitment Inc 9,264,539
HBH Land Surveying Inc 596,041 Hoskin Scientific Ltd. 121,261
Heartwood Services Inc 867,061 Hotel Vancouver Limited Partnership 151,325
Heather M Cane 63,272 Houle Electric Limited 3,518,801

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the Year Ended March 31, 2023

Houweling Nurseries Property Ltd. 2,256,563 Imperial Oil Limited 6,571,663


Howard Pierre 37,711 Imperial Parking Canada Corporation 41,384
Howden USA Company 34,472 Indeed Ireland Operations Ltd 127,050
Howe Sound Pulp & Paper Corporation 14,612,727 Independent Concrete Ltd 51,407
HTEC Hydrogen Technology & Energy Corporation 82,341 Indigenous Community Leadership And Development 102,241
Hub International Canada West ULC 2,835,824 Indji Systems Inc 115,712
Hub Power Ltd 58,889 Industra Construction Corp 795,184
Hudson's Hope Hardware & Building Supplies 35,819 Industrial Compressor Services Ltd 44,509
Hunter Creek Hydro Limited 2,203,614 Industrial Forestry Service Ltd 107,225
Hunter Overhead Doors Ltd 64,470 Industrial Scaffold Services LP 253,049
hvGrid-tech Inc 41,071 Industrial Trades Group Ltd. 2,079,272
HYBW Holdings Ltd 201,849 Informatica LLC 298,231
Hydrodig Canada Inc. 396,211 Infosat Communications LP 492,283
Hydropower Engineering Ltd 71,043 Infosec Institute Inc 48,557
Hyper Toys (2007) Ltd 89,819 Infracon Construction Inc 1,136,609
Hyseco Fluid Systems Ltd. 39,821 Iniven LLC 249,404
Hytorc Sales & Service 31,009 Inlailawatash GP Ltd 4,315,344
Hyundai Electric & Energy Systems Co, Ltd 18,082,698 Inland Control & Services Inc 182,091
Ian Martin Limited 29,259,587 Inland to Island Social Enterprise 179,602
IBEX Construction Ltd 1,865,143 Innes Hood Consulting Inc. 163,254
IBM Canada Ltd. 45,959 Innovative Interfaces Inc 41,743
ICE Data, LP 41,441 InPower BC General Partnership 45,827,350
ICIS 123,166 Insight Energy Ventures LLC 474,111
ICS Great Western LP 448,631 Insights Learning and Development (Canada) Ltd 80,906
Ida Keung 75,959 InStream Fisheries Research Inc. 1,674,768
IDL Projects Inc. 334,238 Integral Group Engineering (BC) LLP 78,605
IEEE 94,304 Interface Forestry Ltd 1,035,981
iFathom Corp 218,022 Interfax Systems Inc 114,281
IG Machine & Fibers Ltd 104,989 Interfor Corporation 77,039
Ignite Technical Resources Ltd 580,594 Interior Health Authority 362,639
Ilpea Industries Inc 139,442 Inter-Kraft Contracting Ltd. 155,124
Imacan Management Centres 118,393 International Assoc for Contract 32,765
Image Group Inc. 134,230 Intertechnology Inc. 70,110
Image-Pro Marketing Ltd. 112,831 Intracorp Jervis Street Limited Partnership 156,536
IMH Pool XIV LP 107,422 Invair Systems LLC 39,240

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the Year Ended March 31, 2023

Inventa Sales & Promotion Inc 156,889 Janox Fluid Power Ltd 636,411
IOSecure Internet Operations Inc 37,905 Jared Hobbs Ecological Consulting 35,960
IPKeys Power Partners LLC 2,179,794 Jawl Properties Ltd 516,089
iProspect Canada Inc 4,925,496 JB Horizons Limited Partnership 420,097
Iris Legal Law Corporation In Trust 89,655 JE Electric Ltd 1,568,286
Iris Power LP 334,395 Jean Goettemoeller 48,493
IRISNDT Corp 57,861 Jeoffrey Benitez 85,601
Iron Mountain Incorporated 476,797 Jesstec Industries Inc. 41,285
Irwin's Safety & Industrial Labour Services Ltd 1,902,542 Jewel Holdings Ltd 99,428
Ise Consulting Group 597,693 JHW Construction Ltd 38,774
Island Corridor Foundation 70,000 Jim Dent Construction Ltd. 18,926,390
Island Otter Cottage 50,898 Jim Easson Contracting 34,055
Itafos Conda LLC 679,395 Jim Pattison Enterprises Ltd 177,763
ITB Subsea Ltd 2,017,984 Jimmie Creek Limited Partnership 22,488,940
ITM Instruments Inc. 299,048 JJM Construction Ltd 232,570
Itron Canada Inc. 18,871,777 JLB Ventures Ltd 35,371
It's On Electric Company Inc 3,803,537 JM Hydrovac Service 32,028
Ivanhoe Loader Service 92,563 Jocks Drilling & Blasting Ltd 34,839
Ivey Business School Foundation 74,100 John Brooks Company Ltd. 182,283
IVL Contracting Ltd. 910,118 John Cootes 35,670
IWC Excavation Ltd 116,752 John Hagen and Associates 91,530
J & R Services 151,123 John Hunter Co. Ltd. 1,163,000
J Shane Contracting Ltd 280,995 Jonker Auto Ltd 33,186
J. Weir 54,836 Jordair Compressors Inc. 35,485
J. Wilkins Consulting Ltd. 464,506 Joseph Teiber 26,685
J.L.'s Excavating Ltd. 399,081 JSK Naval Support Inc 35,343
Jaco Powerlines Ltd 175,864 JTS Consulting Inc 3,616,778
Jacob Bros. Construction Inc 8,825,408 Justason Market Intelligence Inc 40,740
Jacques Electric (1997) Ltd 33,671 JWF Consulting LLC 109,731
Jake-Jay Construction Ltd 1,608,828 K&D Logging Ltd 214,416
Jakob Penner 50,000 K. Pearson Contracting Ltd. 240,264
James Carter 65,249 K2 Electric Ltd 6,086,469
Jamie Creek LP 5,826,908 Kal Tire 77,329
Jamie Shane Contracting 34,204 Kalmar Construction Ltd 2,155,571
Janda Group Holdings Inc 97,830 Kamloops Indian Band 46,553

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the Year Ended March 31, 2023

Kanaka Bar Indian Band 111,684 Koncar Instrument Transformers Inc. 803,766
Karamtara Engineering PVT Limited 416,286 Kone Inc 69,061
Kasian Architecture Interior Design 2,598,426 Konecranes Canada Inc. 47,851
Katerberg & Associates In Trust 86,000 Kontzamanis Graumann Smith MacMillan Inc 1,753,138
Kato and Associates Research Ltd 25,200 Kootenay Dirty Diggers 61,763
Katzie First Nation 113,000 Kootenay Native Plant Society 58,471
Ken Boon 75,979 Korem Geospatial Software and Data Inc 41,407
Ken Byron Excavating 105,310 Kpeats & Associates Inc 43,208
Ken Johnson Trucking Ltd. 305,896 KPMG LLP 1,085,028
Kermodei Adventures Inc 187,680 Kruger Kamloops Pulp LP 4,405,882
Kerr Wood Leidal Assoc. Ltd. 804,243 Kruger Products LP 128,555
Kettle River Contracting Limited 3,490,307 KSB Pumps Inc 41,638
Key Largo Electric Ltd 2,803,891 KTA-Tator Inc 98,818
Keystone Environmental Ltd 62,775 Ktunaxa Nation Council Society 101,410
KFN Forestry LP 332,884 Kwadacha Natural Resources Limited Partnership 142,861
KGAL Consulting Engineers Ltd 156,835 Kwagis Power Limited Partnership 17,188,128
KGPCO Canada ULC 101,003 Kwantlen First Nation 88,588
Kick Start Technologies Ltd 518,947 Kwantlen Polytechnic University 30,000
King Cool Refrigeration & Air Conditioning Ltd 127,104 Kwoiek Creek Resources 16,475,652
King Kubota Services Ltd. 54,211 Kyah Resources Inc 943,474
King Pacific Projects Inc 622,533 Kyndryl Canada Limited 71,456
Kingswood 3555 Holdings Ltd 113,295 L & S Electric of Canada ULC 2,395,449
KinSeed Ecologies 29,358 Labatt Brewing Company Limited 80,714
Kisters North America Inc. 218,879 Lafarge Canada Inc. 771,239
Kitasoo Xai'xais Nation 379,339 Laich-Kwil-Tach Environmental 1,529,876
KL Solutions Inc 72,184 Laing Roofing (Vernon) Ltd 762,955
Kledo Construction Ltd 32,550 Lake Trail Environmental Consulting 44,468
Klohn Crippen Berger Ltd. 40,548,244 Lakeland Projects Ltd 47,059
KMF Traffic Solutions Ltd 113,768 Landmark Solutions Ltd 254,495
KMR Industries Llc 64,912 Landsure Systems Ltd 415,508
KMS Tools & Equipment 468,247 Lanesafe Traffic Control Ltd 966,707
Knappett Industries (2006) Ltd. 4,046,242 Langley Concrete & Tile Ltd 838,844
Koios Systems Inc 126,961 Laprairie Crane Ltd. 36,666
Kolesar Buchanan & Associates Ltd 47,250 Law Society of British Columbia 72,673
K'omoks First Nation 112,804 Lawson Lundell LLP 4,262,706

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the Year Ended March 31, 2023

Lawson Products Inc. 155,567 Load 'Em Up Contracting (TD) Ltd 222,358
Lax Kw'alaams Band Council 26,000 Loblaws Inc 72,550
Leavitt Machinery Inc. 252,328 Local Rental Solutions Ltd 220,193
LED Roadway Lighting Ltd 10,227,896 Locates Unlimited Services Ltd 245,055
Lee Mac Electric Ltd. 32,557 London Drugs 33,049
Leger Marketing Alberta Inc 109,043 Long Lake Hydro Inc 23,610,538
Lehigh Hanson Materials Limited 199,089 Long View Systems Corporation 1,704,499
Leko Precast Ltd. 41,664 Longo Development Corp 44,539
Les Hall Filter Service (2013) Ltd 109,247 Loomis Express 82,685
Let's Untangle It Consulting Inc 34,335 Lordco Parts Ltd. 124,310
LevEllen Holdings Corp 38,755 Lotek Wireless Inc 44,954
Lgl Limited 936,654 Lotic Environmental Ltd 34,612
LGM Enterprises Ltd 330,244 Louisiana Pacific Canada Ltd. 69,440
Lheidli T'enneh First Nation 72,055 Lower Mainland Pump Supplies Inc 88,716
LifeSpeak Inc 52,978 Lower Nicola Indian Band 33,967
Lifting Technologies LLC 42,546 Lowe's Companies Canada ULC 66,581
Lightship Works Inc 83,253 LS Cable America Inc 2,787,603
Lil Bro Truckin Inc 134,605 Lubavitch BC 28,000
Lillooet Builders World Ltd. 36,456 Lundstrom Contracting Ltd. 81,536
Lillooet Disposal Services 51,723 Lyle McClelland 53,445
Lil'wat Forestry Ventures LP 42,634 Lynn Scott 57,624
Limestone Learning Inc 310,963 Lynne Betts & Associates 60,764
Limona Construction Ltd 126,465 Lyons Landscaping Ltd 27,948
Lincoln Electric Cooperative Inc 90,120 Lytton First Nation 72,259
Linda Arkhanguelski 381,652 M & K Plumbing & Heating Co Limited 28,900
Lindsey Manufacturing Co 117,597 M H King Excavating Ltd 41,354
Lineman's Testing Laboratories of Canada Ltd. 783,898 M Pauletto and Associates LLC 45,479
LineStar Utility Supply Inc. 6,230,924 M&M Resources Inc. 25,988,496
LinkedIn 101,058 M. Schott Contracting Ltd. 30,299
LIOS Technology Inc 236,562 M.N.D. Consulting Inc. 35,692
Lisa Pineault Ent 60,125 MacDonald Commercial Real Estate Services Ltd 74,600
Little Big Works Revelstoke Ltd 126,827 MacDonald Power Services Ltd. 104,703
Little Shuswap Lake Band 193,415 Madrone Environmental Services Ltd 29,726
Living Lakes Canada 40,000 Magnolia Communications Ltd 28,823
Livingland Developments Ltd 32,760 Magnum Electric Ltd 770,711

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the Year Ended March 31, 2023

Maharg Contracting Ltd 281,363 McAllister Industries Ltd 25,722


Mainerz Clothing Inc 83,250 McCarthy Tetrault LLP 53,209
Mainland Machinery Ltd 1,665,791 McColl Forestry Ltd. 97,808
Mainstream Biological Consulting 138,170 Mcdonald & Ross Constr. Ltd. 336,431
Mainvalley Contracting Ltd 54,295 McElhanney Associates Land Surveying Ltd 318,086
Majid Khoury Holdings Inc 258,799 McElhanney Consulting Services Ltd. 1,080,867
MakeWay Charitable Society 69,190 McGard LLC 255,889
Malt Ventures 56,337 McKinsey & Company Canada 99,750
Mammoth Forestry Ltd 73,262 McLaren Software Inc 244,271
Manteo Resort Limited Partnership 29,458 McLeod Lake Indian Band 373,945
Maple Leaf Forestry Ltd. 2,416,797 McMahon Cogeneration Plant 73,759,473
Maple Leaf Power Corporation 682,159 Mcmaster - Carr Supply Co. 91,050
Marikui Contracting Ltd 26,559 McMillan LLP 36,975
Marine Building 99,160 McMillen LLC 788,433
Marjorie Wierenga 31,154 McNair Creek Hydro Limited 1,579,738
Mark's Work Wearhouse Ltd. 4,696,091 McRae's Environmental Srvc Ltd. 41,457
Marsden Construction Management Ltd 49,800 MCW Consultants Ltd 637,340
Marsh Canada Ltd 15,832,531 MD Signs Ltd. 100,597
Marshall Reece 49,056 MDT Technical Services Inc. 1,005,093
Martech Motor Winding Ltd 43,966 Measurand Inc 246,949
Martini Film Studios Ltd 210,721 Mediquest Technologies Inc. 179,082
Marwin Industries Inc. 201,432 Medisys Health Group Inc 87,631
Mason Lift Ltd 113,463 Medix Holdings Ltd 28,394
Massachusetts Microwave Corp 81,446 MegaSys Enterprises Ltd 183,976
MatchBox Consulting Group Inc 5,471,017 Mega-Tech 26,203
Matcon Civil Constructors Inc 853,960 Megger Ltd. 580,198
Matcon Environmental Ltd 91,156 Meikle Wind Energy Limited 48,240,015
Matcon Excavation & Shoring Ltd. 1,997,877 Meltwater News Canada Inc 57,400
Matharu Motors Ltd 130,554 Mercury Transport Inc 391,586
Matrix Solutions Inc 1,257,900 Mersen Canada DN Ltd 155,486
Matrix Staffing Group Inc 2,963,546 Messer Canada Inc 116,671
Matsqui First Nation 31,145 Mesurina LTEE 130,206
Matthews Equipment Ltd. 348,732 Metagnosis Consulting Inc 1,145,214
Maven Consulting Ltd 2,555,043 Metalogalva North America Inc 234,091
MBG Buildings Inc 97,650 Metis Nation of BC 54,682

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the Year Ended March 31, 2023

MetrixData 360 Inc 73,290 Modern Niagara Vancouver Inc 124,800


Metro Testing & Engineering Ltd 136,209 Modern Tool Ltd 66,145
Metro Vancouver Zero Emissions 970,249 Moffatt & Nichol 421,058
Metsa Resource Management Inc. 241,031 Monaghan Engineering and Consulting Ltd 201,262
MGS Engineering Consultants Inc 32,897 Monashee Mfg. Corp. Ltd. 219,509
MI Petro Construction and Supply Inc 52,919 Monashee Surveying & Geomatics 636,090
Michael Tottenham 31,364 Moody Tree 100,247
Michael Wells Catherine Wells 83,428 Moore & Russell Heating Ltd 63,000
Micra Design 31,170 Moore Canada Corporation 852,852
Microdotdna Technology 50,509 Moose Lake Wind LP 5,976,278
Microserve 357,123 Morneau Shepell Ltd 1,043,281
Microsoft Canada Inc 7,336,245 Morrison Hershfield Ltd. 87,118
Middleton Energy Services Ltd 38,744 Morson International Inc 1,605,644
Midland Tools 65,496 Motion Industries (Canada) Inc. 163,627
MidSea Engineering Ltd 83,777 Mott Electric GP 1,387,960
Midway Power Line Services Ltd 99,604 Mount Currie Indian Band 39,532
Mike Bradley Visuals 26,928 Mount Polley Mining Corporation 279,466
Mikey's Concrete Ltd 25,975 Mountain Water Research 36,629
Milani Plumbing Heating & Air Conditioning Ltd 32,000 Movex Innovation Inc 102,236
Mill Creek Coffee Company 75,352 MPT Hydro LP 6,417,810
Millennia Research Limited 280,621 MR Crane Service Ltd 39,013
Miller Instruments Ltd. 295,822 MRO Electronic Supply Ltd. 33,165
Millstream Engineering Inc 54,741 MT Enterprise 33,788
MindCore Technologies 2,176,885 MT Investments Inc 160,233
Minister of Finance 550,652,953 Mud Bay Drilling (2015) Ltd 100,488
Ministry of Transportation and Infrastructure 104,294 Murray Jamieson 219,921
Mintz Global Screening Inc 237,997 Murray Latta Progressive Machine 774,640
Mission Contractors Ltd 1,367,990 Musqueam Indian Band 105,369
Mitacs Inc. 62,790 Mustel Group 141,639
Mitas Industry Inc 163,748 MVA Power Inc. 104,510
Mitchell Installations Ltd 35,056,987 MVP Limited Partnership 212,879
Mitsubishi Electric Power Products 3,312,111 Mytan Contracting Ltd 88,087
Mitsubishi Hitachi Power Systems Canada Ltd 79,711 N&S Power Digging Ltd. 1,419,762
MMK Consulting Inc. 73,500 Nanaimo Forest Products Ltd 18,015,739
Modelo Tech Studio Ltd 654,718 Nanometrics Inc 118,993

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the Year Ended March 31, 2023

Napa Auto Parts 39,495 Norske Corrosion & Inspection 121,977


Napp Enterprises Ltd. 841,754 North American Pipe & Steel Ltd 74,324
National Concrete Accessories 353,050 North Arm Transportation Ltd. 9,807,231
National Graphic Solutions (2016) 162,120 North Central Plumbing & Heating Ltd 95,658
Natural Capital Consulting Inc 37,841 North Vancouver Recreation and Culture Commission 35,954
Nature Conservancy of Canada 37,600 North Vancouver School District 178,174
Navigata Communications Limited 48,385 Northeast Energy Efficiency Partnerships 72,545
Navius Research Inc 53,310 Northern Alberta Institute of Technology 30,370
Navus Environmental Consulting 25,284 Northern Development Initiative 100,000
NDB Technologies Inc 324,257 Northern Health Authority 123,200
Neopost Canada Ltd. 73,500 Northern Homecraft Ltd 26,340
New Elevation Civil Construction 1,022,054 Northern Metalic Sales (Ft Nelson) Ltd 218,549
New Gold Inc 134,219 Northern Metalic Sales (PG) Ltd 193,074
New Line Products Ltd. 61,082 Northern Rockies Regional Municipality 694,282
Newcrest Red Chris Mining Limited 470,281 NorthRiver Midstream Operations LP 114,946
Nexans Canada Inc. 52,999,853 Northside Pete Products Inc 32,638
Nexant Inc 33,159 Northstar Recreation Ltd. 94,364
Nextgen Technologies Ltd 8,063,050 Northwest Hearing Services Ltd 30,707
NGS Contracting Ltd 5,396,719 Northwest Hydraulic Consultants 2,907,486
NI Communications 91,115 Northwest Power Pool 196,081
Nicola Clean Power Ltd 38,763,860 Northwest Stave River Hydro LP 6,992,509
Nicola Valley Institute of Facilities 36,000 Northwestel Inc. 151,151
Nikanese Wah Tzee Stewardship Society 173,081 Norton Rose Fulbright Canada LLP 482,061
Nik-Nik Drafting Services 472,962 Nor-Val Rentals Ltd 110,479
Nilex Inc. 48,142 Norwegian Geotechnical Institute (NGI) 38,786
Nisga'a Lisims Government 277,240 Nova Pole International Inc. 53,127
Noise Digital Inc 130,553 Novem Inc 39,085
Nokia Canada Inc 814,524 NPD Intelect Canada Inc 26,880
Nootka Marine Adventures Ltd 92,570 N'Quatqua 104,893
Norbert R. Morgenstern Consulting 37,355 Nucor Environmental Solutions Ltd 3,333,607
Norcap Electric Ltd. 44,104 Nugravity Corporation 122,719
Norco Septic Service 206,547 Nupqu Development Corporation 1,257,544
Norewest Pumping Inc 37,246 Nutaq Technologies Inc 37,842
Norman A. Abrahamson, Inc. 28,406 Nuxalk Development Limited Partnership 49,271
Norsat International Inc 90,918 O.E.M. Battery Systems Ltd. 62,441

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the Year Ended March 31, 2023

O.K. Industries Ltd 27,563 P.G. Leisure Time (1984) Ltd 35,290
Oakes Custom Homes Ltd 30,400 P.S.I. Fluid Power Ltd. 34,614
O'Brien Brothers Enterprise 9,992,327 Pace Technologies (BC) Inc 5,357,611
Ocean Trailer 60,084 Pacesetter Equipment Ltd 112,462
Odgers Berndtson 439,467 Pacific Air Mechanical Ltd 32,971
OETS Services Ltd 169,680 Pacific Apex Structures Inc 39,152
Okanagan Indian Band 386,675 Pacific Blasting & Demolition Ltd 177,395
Okanagan Nation Alliance 1,245,951 Pacific Bolt Manufacturing Ltd 114,082
Okanagan Test Rite Liveline Tool 244,114 Pacific Climate Impacts Consortium 210,000
Okanagan's Diversified Concrete Specialist Ltd 51,872 Pacific Coast Terminals Co Ltd 61,953
Okiok Data Ltd 108,060 Pacific Customs Brokers Ltd 388,066
Olameter Inc 400,557 Pacific Electrical Installations 20,601,471
Old Massett Village Council 388,006 Pacific Fasteners Ltd. 50,927
Oldcastle Building Products Canada Inc 89,243 Pacific Flagging 305,532
Omicron Construction Management Ltd 3,974,557 Pacific Industrial & Marine Ltd 5,131,074
Omicron Electronics Canada Corp 68,347 Pacific Industrial Movers LP 948,379
Onix Networking Corp 64,541 Pacific National Exhibition 112,500
Onsite Engineering Ltd 162,362 Pacific Northern Gas Ltd. 445,848
OnSolve Intermediate 52,667 Pacific Powertech Inc 4,828,238
Opatrny Consulting Inc. 29,664 Pacific Reach Properties Ltd 64,159
Open Access Technology 1,096,349 Pacific Reach Properties Services Limited Partnership 56,033
Open Green Building Society 67,500 Pacific Ropes Contracting Ltd 427,175
Oracle Canada ULC 3,756,223 Pacific U-Power Inc 47,866
Orbe Canada Inc 63,146 Pacific-Surrey Construction Ltd 277,188
Orca Specialty Foods Ltd 41,022 Paladin Technologies Inc 24,823,084
Orkin Canada 380,021 Panevo Services Limited 175,047
OSIsoft LLC 1,120,255 Paragon Remediation Group Ltd 1,225,903
Osprey Integrity Ltd 173,369 Parkland Fuel Corporation 6,359,082
OTT Hydromet Corporation 173,283 Parks West Enterprise Inc 1,286,853
Ouest Business Solutions Inc 2,024,715 Parsnip River Forestry Inc. 65,530
Overhead Door Co of Grande Prairie (1979) Ltd 198,063 Pathfinder Endeavours Ltd. 4,341,920
Overwaitea Food Group Limited 136,748 Pathways Archaeological Consulting Ltd 160,615
OxBlue LLC 181,333 Patton & Cooke Co 672,573
P & L Ventures Ltd 138,220 Paul Landrecht 127,540
P.D. Mclaren Ltd 62,425 PCB Freight Management Ltd 149,084

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the Year Ended March 31, 2023

PCL Constructors Westcoast Inc 35,078,692 Power Line Systems LLC 162,433
Peace Country Rentals & Sales Inc. 27,833 Power Pros Electrical Ltd 3,161,595
Peace Country Rentals Chetwynd Ltd 187,152 Power Tree Werx 1,176,317
Peace River Hydro Partners 447,933,673 Powerpoint Electrical Contractors Ltd 75,279
Peace River Regional District 1,628,181 PowerSafe Energy Services Inc 38,647
Peace Valley Line Locating Ltd 116,327 Powerside 256,371
Peace View Enterprises Ltd. 36,792 PPG Architectural Coatings Canada Inc 27,710
Penguin Computing Inc 34,312 Praxair Canada Inc. 93,143
Penmat Mana JV Ltd 85,181 Precise Cleaning Services 86,234
Peregrine Aerial Surveys Inc 26,998 Precision Communications Services 31,626
PERI Formwork Systems Inc 52,820 Precision Cutting & Coring 81,572
Peter Kiewit Sons ULC 7,352,337 Precision ERP Inc. 3,162,218
Petro-Canada 108,285 Precision Medical Monitoring Ltd 104,491
Petro-Canada Lubricants Inc 2,031,415 Precision Pole Inspections Ltd 1,174,259
PFN 3 Feathers Development Corporation 100,000 Precision Radar Scanning 38,215
Phasor Engineering Inc 1,151,052 Precision Service & Pumps Inc. 68,208
Pictometry Canada Corp 106,400 Precision Tree Services Ltd 3,194,792
Pidherny Contracting Ltd. 280,195 Preformed Line Products (Canada) 73,706
Pinchin Ltd. 698,112 Premier Farnell Canada Ltd. 102,973
Pinton Forrest & Madden Group Inc 155,936 Pretium Resources Inc 268,821
Pioneer Fuel Delivery Ltd 109,204 Pricewaterhousecoopers LLP 5,092,365
Pit Stop Portable Toilet Services 46,379 Pride Truck Delivery Ltd 64,637
PJB Crane Services Ltd 78,480 Primary Engineering & Construction 3,513,844
Planetworks Consulting Corporation 298,504 Primax Technologies Inc 677,162
Platinum Electric Ltd 128,619 Prince Rupert Port Authority 57,218
Polaris Corporate Services Inc. 162,248 Prism Engineering 1,518,316
Polycast International 42,378 Pro Care Enterprises Ltd 1,329,054
Pomeroy Hotel 75,795 Procom Consultants Group Ltd 5,620,042
Port Alberni Port Authority 35,616 Procrane Inc 1,056,851
Posi-Plus Technologies Inc 3,425,542 Progressive Fence Installations 592,875
Posterity Group Consulting Inc 28,881 Progressive Ventures Construction Ltd 2,388,017
Postmedia Network Inc 90,103 Prometek Inc 287,134
Powell Canada Inc 1,275,330 Proven Compliance Solutions Inc 1,013,035
Power Battery Sales Ltd. 159,717 Providence Health Care 522,318
Power Info LLC 66,416 Province of BC 2,903,916

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the Year Ended March 31, 2023

Provincial Fire and Safety Training Ltd 51,862 Ralph's Radio Ltd. 30,639
Provincial Health Services 190,974 Ram Environmental Response Ltd 398,951
PRT Growing Services Ltd 34,259 Randstad Interim Inc 46,102,971
Prysmian Cables and Systems Canada Ltd 239,153 Randy Reimann 29,453
PTI Transformers Inc 1,997,024 Rapid Span Structures Ltd 626,192
Pulse Electronics Inc 38,952 Raven Center Holdings Ltd 220,876
Pure Sunfarms Corp 472,500 Raysa Enterprises Inc 50,164
PureHM Inc 53,924 RBC Investor Services Trust 54,067
Purolator Inc. 168,320 RDH Building Science Inc 89,775
PWO Investments Ltd 32,508 RE Postill & Sons Ltd 31,440
QED Technical Services Inc 58,911 Real Time Networks Inc 1,540,129
QM LP 2,235,310 Receiver General For Canada 2,065,216
Quad L Enterprises ULC 1,278,430 Recycle BC 40,955
Quadra Utility Locating Ltd 95,537 Recycle-it 70,048
QuadReal Property Group Limited 43,125 Red Wing Brands of America, Inc 65,044
Qualitrol Company LLC 400,994 RedBlue Heatpumps & Refrigeration Inc 62,350
Qualitrol Corporation 46,798 Redington Property Group Ltd 40,068
Qualtrics LLC 574,312 Redline Communications Inc 29,637
Quantum Lighting Inc. 509,712 Reel Coh Inc. 4,030,546
Quest Structures Inc 77,299 Reg Norman Trucking Ltd. 75,785
Questionmark Corporation 38,487 Regional District of Central Kootenay 1,410,235
Quietly Media Inc 50,668 Regional District of East Kootenay 93,919
R & B Complete Services 328,016 Regional District of Fraser - Fort George 1,245,566
R & J Williams Consulting Inc. 45,560 Regional District of Kootenay Boundary 1,666,274
R C Rescue One Services Ltd 405,450 Reinhausen Canada Inc 598,970
R E Hecky 50,199 Reliable Mobile Hearing Testing Ltd 40,009
R Radloff & Associates Inc 73,672 Remedy Eco Design 36,930
R.A.L. Bobcat Service 53,105 Rental Housing Council of BC 68,250
R.F. Binnie & Associates Ltd. 2,191,863 Rentco Equipment Ltd 31,555
Radwell International Canada ULC 50,648 Residential Consumer Intervenor Association 200,300
Rae Power Ltd 25,114 Resolution Reprographics Ltd. 589,680
Raging River Power & Mining Inc. 2,583,140 Resort Municipality of Whistler 983,437
Rainbow Greenhouses Inc 346,215 Response Specialties 48,976
Raleigh Fire Safety Ltd 29,095 Rethink Communications LLP 714,313
Ralmax Contracting Ltd 4,235,459 Rexel Canada Electrical Inc. 7,193,103

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the Year Ended March 31, 2023

RHM International LLC 2,685,866 Royal Group Inc 199,694


Ric Electronics Ltd. 127,997 Royal Roads University 36,755
Richard H Raine 215,545 RS Technologies Inc 2,272,522
Richmond Olympic Oval 34,686 RST Instruments Ltd. 1,435,716
Ricoh Canada Inc. 1,971,915 RT HVAC Holdings Inc 35,350
Rider Ventures Ltd 26,023 R-Tech Technology Inc. 257,969
Ridgeback Consulting Ltd 171,836 Ruckle Navigation Ltd. 371,187
RightCrowd Software Pty Limited 170,543 Rumble Industries Ltd 236,557
Rigstar Communications Inc 44,688 Rutherford Creek Power LP 9,466,128
RIMAC Technologies Ltd 39,375 RWDI Air Inc. 654,966
Rio Tinto Alcan Inc 233,764,495 S & C Electric Canada Ltd. 6,422,636
Riteway Tree Service Ltd 3,151,616 Sacre-Davey Engineering 101,871
Rize Alliance (Gold House) Limited Partnership 101,382 SAEN Solutions Inc 204,644
Rizing Solutions Canada Inc 50,673 Safe Engineering Services & Technologies Ltd. 92,740
RKM Crane Services Ltd 335,760 SAI Global Compliance Inc 39,228
RNN Services Ltd. 39,057 Sailview Management Ltd 419,895
Roadpost Inc 562,591 Saint Bernadine Mission 288,698
Rob Klovance 81,064 Saint-Augustin Canada Electric Inc 2,120,251
Robert Furlong Design Company 43,273 Sakwi Creek Hydro LP 1,533,939
Robert J Engelbrecht 30,744 Salish Sea Housing Society 76,839
Robertson Mfg. Ltd 27,608 Salmo Watershed Streamkeepers 30,290
Robson Valley Power Corp. 178,640 Samuel, Son & Co., Limited 57,536
Robson Valley Travel Control 75,522 San Forest Products Ltd 32,904
Rock Creek Environmental 30,318 Sanders Environmental Services 26,227
Rockford Energy Corporation 1,856,209 Sandhurst Consulting Inc 163,977
Rocky Mountain Environmental Ltd 1,946,227 Sandman Hotel Group 46,220
Rodolfo Ong 44,253 SAP Canada Inc. 9,533,264
Rogers Communications Canada Inc 277,220 Sardis Explosives (2000) Ltd 55,965
Rogers Wireless Inc. 474,486 Sauber Mfg Co 30,892
Rokstad Power (2018) Ltd 36,663,887 Saulteau First Nations 564,511
Roland Altmann 128,096 SBA Canada ULC 45,699
Rona Inc 106,696 SC RentalEquip Limited 32,705
Ropak Canada Inc 57,687 Schneider Electric Canada Inc 235,863
Roper Greyell LLP 1,006,731 Schneider Electric Systems Canada 85,137
Roy Campbell Ltd 95,259 Schnitzer Steel Canada Ltd 26,559

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the Year Ended March 31, 2023

School District - 34 (Abbotsford) 40,822 SES Consulting Inc. 140,525


School District - 35 (Langley) 104,551 Seto Engineering Inc. 68,789
School District - 36 (Surrey) 95,142 Sexton Consulting 82,853
School District - 38 (Richmond) 81,771 Seyem' Qwantlen Construction LP 186,766
School District - 41 (Burnaby) 165,989 Seyem' Qwantlen Development LP Ltd 96,414
School District - 42 (Maple Ridge & Pitt Meadows) 101,601 Seyem' Qwantlen Resources LP 146,583
School District - 43 (Coquitlam) 196,514 SGS Canada Inc 166,719
School District - 44 (N. Van) 150,268 Shape Property Management Corp 59,426
School District - 54 (Bulkley Valley) 68,985 Sharp Industries Ltd 26,634
School District - 61 (Greater Victoria) 57,736 Shaw Cable Systems GP 205,601
School District - 64 (Gulf Islands) 26,681 Sherine Industries Ltd. 788,547
School District - 68 (Nanaimo-Ladysmith) 179,247 Shermco Industries Canada Inc 28,920
Scott McLean Contracting 57,561 Shift Consulting 53,920
Scott's Contracting and Services 76,712 Shoppers Drug Mart Inc 191,278
Sea To Sky Welding 25,668 Shoreline Supply Company 25,510
Seabird Island Indian Band 76,003 Shulus Forest Enterprises Limited Partnership 30,539
Seals Unlimited 45,636 Shuswap Indian Band 56,353
Sean Hinchberger Inc 127,100 Si Systems Ltd 10,196,111
Sea-Sport Outboard Marina Ltd 27,122 Siemens Canada Ltd. 6,290,539
Seaway Diving Ltd 36,323 Siemens Energy Canada Limited 2,952,715
Seccan Inc 548,466 Silhouette Enclosures Ltd 379,632
Sechelt Indian Band 125,053 Silversmith Power & Light 91,164
Sechelt Indian Government District 36,562 Simon Fraser University 415,287
SECURE Energy 80,301 Simpcw First Nation 61,318
Securiguard Services Limited 4,191,197 Simson-Maxwell 608,786
Sediver Canada Inc 70,636 Sinclar Group Forest Products Ltd 102,593
SEL Engineering Services Inc 71,436 Singleton Urquhart 193,292
SEL Schweitzer Laboratories Inc 1,819,045 Singletree Contracting 74,538
Select Safety Services Ltd 91,306 Sinope Technologies Inc 106,656
Select Steel Ltd 432,166 Sisxets Property Management LP 83,790
Selkirk Mountain Helicopters Ltd 92,397 Site Power Engineering Consultants Ltd 288,800
Senez Consulting Ltd 32,206 Siteimprove Inc 78,119
Sentis Market Research Inc 106,890 Sitsa Holdings Ltd. 219,332
Service Electric Ltd 125,277 Skagit Environmental Endowment 75,010
Service Quality Measurement Group 131,239 Skatin Nation 28,208

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the Year Ended March 31, 2023

Sk'atsin Resources LLP 135,436 Sp Allumcheen Indian Band 153,777


Skeans Pneumatic & Automation Inc 27,934 SpanMaster Structures Limited 408,797
Skeetchestn Indian Band 34,018 Spartan Controls Ltd 477,376
Skidegate Band Council 25,160 Spatial Business Systems Inc 83,987
Skookum Creek Power Partnership 7,361,422 Spatial Technologies (2017) Inc 219,368
Skookumchuck Pulp Inc 9,318,951 Spatial Vision Consulting Ltd 25,368
Sky High Tree Services Ltd 1,292,382 Spaz Logging 92,568
Skye Consulting (BC) Ltd 115,437 Spectrum Resource Group Inc. 106,688
Sky-Hi Scaffolding Ltd. 42,076 Spectrum Safety Group Inc 59,426
Skyline Scaffold Ltd 166,596 Speers Construction Inc 590,896
Skywest Environmental Inc 121,857 Spidex All Terrain Excavating Inc 50,225
SL Enterprizes Ltd 89,797 Splatsin 176,593
Slalom Consulting ULC 100,538 Splatsin Construction Services LLP 1,765,013
Slegg Building Materials 136,117 Splitrock Environmental 1,577,431
SLR Consulting (Canada) Ltd. 1,156,263 SPOT LLC 26,911
Smak Impact Agency Inc 44,219 Spruce City Sanitary Service Ltd 124,961
Smith Cameron Pump Solutions Inc 41,992 SPX Transformer Solutions 156,200
Smithers Hydrovac Inc 56,382 Squamish Indian Band 47,983
Smithrite Delivery Services Ltd 206,997 Squamish Nation 385,222
Snap-On-Tools of Canada Ltd 94,831 Squamish River Watershed Society 658,865
SNC Lavalin Inc 53,196,727 Squamish-Lillooet Regional District 1,578,457
Snowshoe Power Ltd 385,997 SSA Quantity Surveyors Ltd 34,650
Society For Ecosystem Restoration In Northern BC 70,868 SSD Sawmill Sales Direct Ltd 55,289
Sockeye Solutions Consulting Inc 65,845 St. John Society (BC & Yukon) 107,975
Socomore Canada Ltd 57,687 St. Mary's Indian Band 47,994
Solid Caddgroup Inc 57,995 Stantec Consulting Ltd 8,970,700
Solutions Notarius Inc 106,773 Staples Inc 151,949
Sonepar Canada Inc. 101,575 Starlink Internet Canada 76,830
Sonic Enclosures Ltd 129,072 Star-Tek Industrial Services Ltd 97,754
Soo River Hydro 6,335,033 Starwatch Communications 125,626
Sooke Industrial Park Joint Venture 452,431 St'at'imc Eco-Resources Ltd 1,151,247
Sorin Pasca 46,200 St'at'imc Government Services 442,761
Southern Railway of B.C. Ltd. 53,970 Stefan Fraser & Associates Inc 25,790
Southern Railway of Vancouver Island Ltd 94,015 Stella-Jones Inc. 23,445,824
Southwest Power Pool 131,255 Stephen Bros Contracting Ltd 12,312,106

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the Year Ended March 31, 2023

Stephen Young 37,580 Strata Plan VR 2467 35,600


Sterling Lumber Company Ltd. 288,686 Strata Plan VR 2472 45,600
Sterling Management Services Ltd. 223,559 Strataco Management Ltd 58,050
Steve Emery Contracting 118,285 Strategic Mechanical Services 30,303
Stevenson Consulting & Contracting 830,811 Strategic Natural Resource 244,297
Stewart Beck 39,375 Strathcona Regional District 152,399
Stillwater Energy LLC 610,140 Streamline Fencing Ltd. 656,376
Stinger Welding Ltd 111,513 Structural Composite Technologies Ltd 28,949
Stk'emlupsemc te Secwepemc Nation 31,400 Structural Integrity Associates Inc 293,831
Stone Canyon Security Services Inc 132,246 Subnet Solutions Inc 54,125
Stoneridge Management Consultants 36,938 SUEZ Water Technologies & Solutions 32,852
Storey's Excavating Ltd 156,845 Sugar Cane Cannabis Limited Partnership 71,204
Stoyoma Mtn Falling Ltd 56,451 Sukunka Wind Project Limited 6,877,704
Strata Corporations VR 591 and 638 90,116 Sullivan Mechanical Ltd 52,253
Strata Plan BCS 130 33,800 Sumas Environmental Services Inc. 335,571
Strata Plan BCS 1559 68,250 Summit Blasting Ltd. 584,954
Strata Plan BCS 1820 28,786 Summit Earthworks Inc 1,663,640
Strata Plan BCS 1865 37,625 Summit Steel Buildings Inc 35,612
Strata Plan BCS 2822 38,024 Sun Life Assurance Co. of Canada 51,709,649
Strata Plan BCS 3718 94,000 Sun Peaks Mountain Resort Municipality 44,679
Strata Plan EPS 1370 40,200 Sunbelt Rentals of Canada Inc 613,879
Strata Plan EPS 2526 144,500 Suncor Energy Products Partnership 143,036
Strata Plan EPS 3573 35,400 Sunrise Engineering & Manufacturing Inc 57,606
Strata Plan EPS 3731 101,885 Sunrise Housing Cooperative 34,789
Strata Plan EPS 6655 54,715 Sunshine Coast Regional District 91,995
Strata Plan EPS 895 58,400 Super Save Disposal Inc. 79,894
Strata Plan LMS 2518 95,087 Super Save Fence Rentals Inc. 26,872
Strata Plan LMS 4661 72,200 Super Save Group 30,406
Strata Plan NWS 3412 34,783 Super Save Toilet Rentals Inc. 58,314
Strata Plan VIS 259 54,792 Superior Plus LP 335,341
Strata Plan VIS 6102 79,600 Support The Line ETV Services 55,603
Strata Plan VIS 6296 42,342 Supreme Structural Transport Ltd 1,127,910
Strata Plan VIS 6805 34,620 Surespan Structures Ltd. 1,180,316
Strata Plan VR 1980 84,076 Surtek Industries Inc 5,521,199
Strata Plan VR 2456 59,186 Survalent Technology Corp 204,551

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the Year Ended March 31, 2023

Susie Kovecses 25,662 Telecon Design Inc 58,901


Sustainable Strategies 247,170 Telus Communications Company 55,270,447
Suzanne Pederson 67,304 Tempest Telecom Solutions 223,840
Swagelok 25,614 Tems Sayamkwu Limited Partnership 14,748,638
Swift Limited Partnership 5,302,367 Tenaquip Ltd. 102,193
Switchback Systems Corp 86,625 Tenold Transportation Ltd 9,106,953
Syler Holdings Inc 101,994 Terra Archaeology Limited 744,083
Synex Energy Resources Ltd 1,391,450 Terra Remote Sensing Inc. 2,736,201
Sysco Canada Inc 30,570 TerraCana Foundation Solutions Inc 291,311
SysEne Consulting Inc 75,000 Terrace Steel Works Ltd. 50,214
Sytec Engineering Inc 329,693 Terranova Worldwide Corporation 109,048
Szumin'ts Environmental Services GP 264,946 Terrapin Station Holdings Inc 99,781
T & T Supermarket Inc 214,512 Terratech Consulting Ltd 115,205
T. Montague Contracting Ltd 683,821 Terratek Energy Solutions Inc 47,622
T.B.C. Holdings Ltd. 43,481 Terry Timpany 26,709
TA Management Ltd 68,811 Terus Construction Ltd 404,691
Taeron Systems Inc 50,520 Tesla Utilities Consulting Inc 156,516
Tag Mechanical Inc 64,283 TestForce Systems Inc. 179,144
Tahltan Forestry Ltd 1,928,260 Testworx Inc 390,085
Takla Lake First Nation 121,854 Tetra Tech Canada Inc. 5,595,185
Tangle Ridge Custom Crushing Ltd 33,934,548 Tex Isle Transport Inc 28,559
Tariff Developments Inc 33,745 TForce Final Mile Canada Inc 956,596
Taschuk Excavating Ltd 234,630 The Brattle Group Inc 73,914
Taseko Timber Ltd 1,085,302 The Conference Board of Canada 124,485
Taylor-Made Business Solutions 33,516 The Dam Welders Inc 866,139
Tbadigital Inc 229,950 The Engine Room Consulting Group Ltd 138,915
TE Little Consulting Inc 327,398 The Humphrey Group Inc 28,980
Team Power Solutions 229,646 The Nature Trust of BC 114,018
Teck Coal Limited 146,069 The Source Tree Service Ltd 254,971
Teck Highland Valley Copper 261,135 Thomas Communications Ltd 27,180
Teck Metals Ltd 62,610,848 Thomas Hart Contracting 66,570
Teck Resources Limited 190,396 Thompson Rivers University 94,109
Teema Solutions Group Inc 10,331,923 Thomson Industries Ltd 207,850
Tees Kiddle Spencer In Trust 30,000 Thomson Technology Power Sys ULC 399,567
Teksystems Canada Inc. 9,341,059 Thornton Tomasetti Inc 90,741

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the Year Ended March 31, 2023

Three Branch Supply Inc 78,483 Town of Smithers 286,448


Three Points Cranes Ltd 72,384 Town of View Royal 278,578
Thurber Engineering Ltd. 162,646 Townsend Bros Construction 267,481
ThyssenKrupp Elevator (Canada) 55,747 Township of Esquimalt 537,783
Tibco Software (Ireland) Limited 39,394 Township of Langley 2,797,991
Tidy Tanks Ltd. 35,058 Township of Spallumcheen 277,789
Timberland Equipment Limited 28,728 Trac Engine Services Ltd 30,564
Timberoot Environmental Inc 114,372 Tracker Contracting Ltd 9,019,352
Timberrose Ventures Ltd 50,022 Tracy Kindrachuk 70,370
TimberWest Forest Company 108,543 TradableBits Media Inc 54,495
T'it'q'et Administration 136,009 Traeger Distributors Ltd. 51,674
TKT Contracting Ltd. 43,690 Trail Appliances Ltd 43,550
T-Lane Transportation & Logistics 93,524 Trailerman Trailers Ltd 35,874
TM Builders Inc 85,680 Tran Sign 33,624
T-Mar Industries Ltd. 37,131 Trane Canada ULC 221,268
TNT Crane & Rigging Canada Inc 439,583 Trans Mountain Pipeline LP 78,036
Toad River Lodge Ltd 81,638 Trans Peace Construction (1987) Ltd 37,085
Toba Montrose General Partnership 70,672,343 TransCanada Turbines Ltd 504,783
Tolko Industries Ltd. 9,675,575 Transcat Canada Inc. 26,902
Tompkins Ranching Ltd 48,007 Transcontinental Printing 2005 GP 131,250
Toncar Contracting 167,843 Transportation Investment Corp 28,744
ToolWatch Corporation 71,485 Treeko Contracting Ltd. 998,040
Toronto Dominion Bank 636,382 Trek Aerial Surveys 36,997
Toronto Metropolitan University 39,804 Trench Ltd 4,061,243
Touchdown Helipads Ltd 88,436 Tretheway Creek Power 7,638,207
Tour-Mate Systems Ltd 31,710 Trico Excavating Inc. 408,882
Tower Power Group Painting Co Ltd 1,004,259 Trinoor Consulting Canada Ltd 323,946
Town of Comox 157,967 Tripwire Inc 63,919
Town of Gibsons 192,364 Tristar Hydrovacs Ltd 72,452
Town of Golden 217,507 Triton Environmental Consultants Ltd. 759,475
Town of Ladysmith 190,098 Triumf Inc 54,527
Town of Lake Cowichan 68,252 Trojan Safety Services Ltd. 76,279
Town of Port McNeil 52,957 Trowelex Concrete Contractors Ltd 79,177
Town of Qualicum Beach 342,951 Troy Life & Fire Safety Ltd 47,275
Town of Sidney 146,889 Troy Purmal Contracting 77,714

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the Year Ended March 31, 2023

Troyer Ventures Ltd. 27,116 United Way - Lower Mainland 26,250


Trueline Power & Consulting Ltd 202,661 Univar Canada Ltd. 119,168
Tsal'alh 71,146 University of Alberta 60,000
Tsalalh Development Corporation 15,131,578 University of British Columbia 1,946,045
Tsartlip First Nation 344,798 University of Colorado 32,535
Tsawwassen First Nation 57,439 University of Northern B.C. 441,173
Tsay Keh Dene 2,843,610 University of Victoria 281,879
Ts'kw'aylaxw First Nation 77,467 Unlimited Medical Services Inc 99,362
Tsleil-Waututh Nation 111,738 Upaknee Inc 443,858
TSS Total Safety Services Inc 29,598 Upanup Studios Inc 203,955
T-Stac Steel Tower Ltd 58,143 Upland Contracting Ltd 716,420
Tsuius Consulting 45,325 Upnit Power Limited Partnership 1,594,155
TTO LLC 47,582 Upper Lillooet River Power Limited 29,120,654
Tundra Technical Solutions Inc 5,933,302 UPS Canada Ltd. 371,787
TVE Industrial Services Ltd 4,394,121 Ursus Heritage Consulting 917,802
TWH Oilfield Services Ltd 49,501 Util-Assist Inc 42,000
Twin Rivers Controls Ltd. 301,747 Uujo Contracting Limited Partnership 41,877
Twin Sisters Native Plants Nursery 33,912 Vac It Excavation Inc 613,782
Twin Valley Contracting Ltd. 1,627,327 Valemount Hydro Limited Partnership 1,885,890
Two Worlds Consulting Ltd 88,417 Valley Helicopters Ltd. 312,667
Tybo Contracting Ltd 794,462 Valley Power Line Contracting Ltd 31,153
Tyco Integrated Fire & Security 199,815 Valley Traffic Systems Inc 40,817
Tyson Creek Hydro Corp 4,527,851 Valley Weddings Inc 56,048
Tzeachten First Nation 40,511 Valmont Newmark Inc 416,035
UBC Properties Trust 487,761 Van Houtte Coffee Services Inc. 249,090
UBS Industries 276,918 Van Island Plastic Factory Ltd 29,528
Uchucklesaht Tribe Government 162,612 Van Kam Freightways Ltd. 1,303,966
Udutu Learning Systems Inc 106,785 Van Valve Service Centre & Sales Ltd 60,950
UiPath Inc 208,901 Vancouver Airport Authority 320,055
Uline Canada Corporation 897,348 Vancouver Coastal Health Authority 269,400
Underhill Geomatics Ltd. 8,844,431 Vancouver Community College 59,162
Unifirst Canada Ltd 63,092 Vancouver Fraser Port Authority 418,766
Unilogik Systems Inc. 152,800 Vancouver Island Health Authority 288,932
United Greeneries Ltd 39,460 Vancouver Island Tree Services Ltd 2,163,427
United Rentals of Canada Inc. 3,752,753 Vancouver Management Ltd In Trust 149,363

190
BRITISH COLUMBIA HYDRO AND POWER AUTHORITY

Schedule of Payments to Suppliers for Goods and Services During Page No: 33 of 35
the Year Ended March 31, 2023

Vancouver School Board 204,717 Vinnie Antao Consulting 111,325


Vanko Analytics Limited 84,647 VIP Powerline Ltd 1,874,121
Vast Resource Solutions 305,193 VisionLink Consulting 227,574
Vector Geomatics Land Surveying 148,916 VMWare International Unlimited Company 492,612
Vector Restoration Ltd 52,290 Voicify LLC 25,931
Veerum Inc 358,995 Voith Hydro Inc 112,181,165
Venture Elevator Inc 1,342,769 Voltage Power Ltd 10,161,057
Ventures-Dent LLP 71,687 VOQUZ Labs Inc 180,457
Verint Americas Inc 225,751 Vulcraft Canada Inc 109,836
Verisk Canada ULC 37,038 W Ingram Building Materials Ltd 37,713
Vertiv Canada ULC 25,884 Wagner Hills Farm Society 32,600
VI Power Limited Partnership 12,303,908 Wainbee Limited 41,843
Viakonnexions Consulting 143,081 Wajax Industrial Components LP 66,187
VideoRay LLC 63,722 Wall Industries Inc 41,314
VIH Helicopters Ltd 56,028 Walmart Inc 44,211
Viking Fire Protection Inc. 1,497,891 Walter Baumann 338,160
Village of Anmore 456,244 Wanda D Lewis and Associates Ltd 48,817
Village of Ashcroft 39,198 Waneta Expansion Power Corporation 55,506,179
Village of Belcarra 25,669 Wardill Marine Ltd. 68,736
Village of Cache Creek 48,397 Warner Rentals Ltd 345,993
Village of Canal Flats 58,660 Warrington PCI Management 229,195
Village of Chase 47,200 Wasp Consulting Ltd 264,879
Village of Fraser Lake 61,998 Waste Connections of Canada Inc 151,342
Village of Gold River 29,718 Waste Management of Canada Corp 271,379
Village of Harrison Hot Springs 33,935 Wastech Services Ltd. 3,675,987
Village of Lions Bay 72,858 WaterPower Canada 182,872
Village of Lumby 27,614 Watershed Watch Salmon Society 44,969
Village of Nakusp 117,550 Watson Advisors Inc 130,095
Village of Pemberton 179,208 Watson Engineering Ltd 40,089
Village of Queen Charlotte 69,635 Wave Productions Ltd 26,985
Village of Radium Hot Springs 83,867 WCSB Power BC II LP 5,203,029
Village of Tahsis 31,404 Wei Wai Kum 52,876
Village of Telkwa 30,481 WeldCor Supplies Inc 25,009
Village of Valemount 546,035 Wesco Distribution Canada LP 1,799,192
Village Range Ltd 62,995 Wesco Industries Ltd. 65,560

191
BRITISH COLUMBIA HYDRO AND POWER AUTHORITY

Schedule of Payments to Suppliers for Goods and Services During Page No: 34 of 35
the Year Ended March 31, 2023

West Coast Installations 2,306,112 Whiteline Contracting Ltd 1,346,909


West Coast Labour Systems Corp 428,431 Whites Studios Inc. 46,981
West Coast Pre Fab Ltd 272,312 Wika Instruments Ltd. 263,918
West Coast Spill Supplies Ltd. 43,704 Wil Dunlop Trucking 323,911
West Coast Title Search Ltd 280,873 Wilcor Industries 50,595
West Fraser Electro-Mechanical Ltd 44,160 Wild Creek Contracting Ltd 67,371
West Fraser Mills Ltd. 24,608,007 Wild North Vac & Steam Ltd 728,244
West Moberly First Nations 247,494 Wild Sheep Society of BC 29,295
Westbank First Nation 163,298 Wildlife Conservation Society 160,952
Westcoast Energy Inc. 49,229 Wildlife Infometrics Inc 29,793
Western Electricity Coordinating Council 4,773,073 William J Andrews Barrister & Solicitor In Trust 75,990
Western Energy Institute 65,840 Williams & White Machine Inc. 677,611
Western Equipment Ltd. 94,381 Williams Machinery LP 63,265
Western Forest Products Inc 178,714 Winchie Creek Hydro Limited 1,067,783
Western Gasco Cylinders Ltd 175,766 Windsor Plywood 107,424
Western Industrial Contractors Ltd. 1,284,759 Wiseworth Canada Industries Ltd 167,808
Western Oil Services Ltd 179,609 Wismer & Rawlings Electric Ltd. 685,315
Western Pacific Enterprises Ltd 4,572,098 Wolseley Canada Inc. 216,657
Western System Controls LTd 214,664 Wolseley Industrial Canada Inc 26,310
Western Technical Installations 3,093,725 Wood Canada Limited 34,296,201
Western Tree Services Corp. 184,684 Wood Environment & Infrastructure 48,139
Western Wood Services Inc 342,295 Wood Group Pratt & Whitney 1,413,154
Westerra Equipment 229,127 Wood Mackenzie Inc 112,192
Westgreen Contracting Ltd 2,802,374 Woodcore Pole Maintenance Limited 271,956
Westhills Aggregates Limited Partnership 41,288 Woodfibre LNG Limited 1,421,394
Westlund 55,266 Woodsman Equipment 60,400
Westower Communications Ltd. 457,427 Workers' Compensation Board of BC 4,447,535
Westrek Geotechnical Services Ltd 78,707 Worley Canada Services Ltd 113,431
Westwind Enterprises Ltd 38,520 Worthington Products Inc 126,012
Wet'suwet'en Treaty office Society 46,897 Wref's Consulting Inc 331,796
Wewaikai Nation 1,568,138 WSP Canada Inc 5,942,457
Whistler Mountain Resort Limited Partnership 117,107 WSP E&I Canada Limited 25,202
Whistler Water Inc 68,850 WSP UK Limited 110,114
White Paper office Solutions 123,305 Wurth Canada 81,345
Whitecap Resources Inc 1,065,069 Wyllie & Norrish Rock Engineers 48,012

192
BRITISH COLUMBIA HYDRO AND POWER AUTHORITY

Schedule of Payments to Suppliers for Goods and Services During Page No: 35 of 35
the Year Ended March 31, 2023

Xaxli'p First Nations 65,299


Xeitl LP 2,111,469
XL Quality Industrial Services Inc. 151,923
Xplornet Communications Inc 31,069
Xtreme Rentals Ltd 64,711
Yaqan Nukiy Dent LLP 1,460,725
Yellowhead Helicopters Ltd. 157,349
York and Chapel Design Inc 91,875
Your Answering Service 55,232
Yucwmenlúcwu 2007 LLP 40,168
ZE Power Engineering Inc 10,363,168
Zeballos Lake Hydro Limited 3,123,810
Zella Holdings Ltd 1,064,939
Zellstoff Celgar Limited 7,344,464
Zenith Appraisal & Land Consulting 181,993
Zero Emissions Pennask Limited 4,725,496
Zero Emissions Shinish Creek 4,068,702
Zero Height Limited 32,449
Zira Properties Ltd 160,900
Zonnebeke Wind Project 5,941,650

Consolidated total of other suppliers


with payments of $25,000 or less 89,037,774

Total 6,515,749,072

193
BRITISH COLUMBIA HYDRO AND POWER AUTHORITY

STATEMENT OF GRANTS AND CONTRIBUTIONS

Total of payments to suppliers for grants and contributions exceeding $25,000

Consolidated total of grants exceeding $25,000 $-

Consolidated total of contributions exceeding $25,000 $ 1,071,296

Consolidated total of all grants and contributions exceeding $25,000 $ 1,071,296

194
 

      

     


 !"23 $ere6&'s'
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195
POWEREX CORP.
Schedule of Remuneration Paid to Employees and Expenses Paid to or Page No: 1 of 4
on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

S Ahmadi 151,025 4,529 A Deslauriers 435,589 18,699


MR Aitken 583,914 31,673 RR Dhopade 143,900 77
EC Alcala 148,424 2,004 J Dion 397,532 2,324
H Atighechi 147,141 10,483 B Donnelly 100,365 91
K Au 126,680 1,121 A Dubas 126,845 6,675
S Bal 156,031 69 F Durnford 234,771 30,759
TE Batista 75,245 100 AS El-Khatib 143,584 -19
TM Bechard 1,259,259 20,644 GJ Emslie 496,598 248
J Bennett 192,654 0 MA Federspiel 492,025 1,221
R Beyer 493,008 501 N Feijo Mercio 90,611 1,816
A Bhattasali 162,037 1,810 J Feng 117,139 0
A Block 131,180 0 KD Ferguson 271,046 0
C Botsis 94,096 3,002 K Forbes 180,178 858
F Brassil 298,689 0 D Fotiou 521,137 10,786
MF Buchko 307,263 494 JS Fu 159,634 2,800
A Budhwar 295,061 17,322 JI Gilhen 199,508 10,118
T Bui 118,407 0 TR Gillis 154,698 0
HA Burgi 153,362 123 MJ Goodenough 575,969 5,395
RM Campbell 1,275,617 11,721 R Gosselin 476,224 2,246
T Capek 169,325 22 P Grypma 121,512 8,206
B Chan 119,555 0 AD Gurney 94,039 3,667
DC Cheung 137,142 615 M Hamzei 84,896 0
DW Chiu 146,928 298 RT Hare 107,614 93
P Chow 139,769 0 J Harms 164,087 1,762
JW Choy 125,958 48 DR Harney 358,250 0
JA Congdon 166,751 0 DI Hirsch 187,534 1,554
EY Coors 157,702 1,236 H Ho 155,957 1,369
MR Corrigan 425,688 24,256 M Ho 309,765 1,021
KM Craven 232,065 3,541 M Holman 1,277,435 35,046
B Cumayas 111,775 1,688 L Hopkins 165,970 0
C Curson 140,456 6,598 A Hosford 117,381 3,748
WK Da Silva Wegner 75,606 686 JE Howard 82,650 18,182
M Dalziel 525,724 9,552 WL Hui 133,688 0
K Desante 285,920 15,116 RS Hundal 210,258 11,994

196
POWEREX CORP.
Schedule of Remuneration Paid to Employees and Expenses Paid to or Page No: 2 of 4
on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

K Hung 127,889 0 MR Morgan 374,325 0


JJ Hwang 138,414 0 MT Mori 87,699 8
Y Jing 79,422 15 TJ Morrow 99,329 11
D Kaiman 352,583 0 MH Motani 97,856 0
P Kern 419,444 2,218 M Moti 111,656 0
S Kim 99,801 2,098 S Nagar 106,076 5,490
S Kim 117,833 0 JA Neill 396,271 1,068
R Kooner 106,674 1,244 AG Newell 194,711 108
AY Ku 133,627 0 JJ Norman 258,347 0
F Lacombe 182,893 0 DW O'Hearn 506,961 5,115
A Lavrik 125,500 640 DL Owen 139,805 0
H Law 110,636 0 PA Pai 88,685 0
G Lee 180,920 0 CB Pamplin 443,288 4,627
NK Lee 136,530 17 RA Pavan 318,620 0
K Lin 76,177 0 LJ Piovesan 81,220 12,793
C Lind 233,842 4,094 HA Qazi 230,217 0
CW Littlejohn 103,396 1,513 J Ratzlaff 279,688 376
O Lo 163,111 4,211 N Reynolds 129,856 0
A Loi 95,339 0 H Rhee 109,601 540
AR Lopez 164,572 1,477 RJ Richings 243,721 4,684
MB Low 133,713 117 R Robertson 299,114 26,435
GA Macdonald 300,099 0 DM Russell 488,087 475
MW Macdougall 368,004 17,705 MH Sahagian 112,937 3,629
C Macrae 135,867 840 B Sahar 88,093 47
S Mahinpoor 93,407 0 IM Savji 108,890 0
JA Mantle 212,925 4,054 G Schwarz 177,172 92
J Marques 171,803 860 J Seatter 83,998 2,970
ID Mathieson 174,695 7,950 K Shi 143,571 0
S Mcewen 95,462 0 K Shum 81,544 0
ML Mcwilliams 512,899 41 J Sidhu 157,100 8,266
AN Meyer 82,859 0 W Song 117,377 559
J Mikawoz 437,013 268 J Spires 613,587 15,643
BL Mo 140,991 676 SE Starr 85,626 0
F Mohamed Iqbal 84,122 0 L Stauber 216,119 29,228
P Mohan Das 138,191 0 SM Stevenson 113,262 635

197
POWEREX CORP.
Schedule of Remuneration Paid to Employees and Expenses Paid to or Page No: 3 of 4
on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

P Sung 117,483 18
MG Tadesse 109,102 1,303
GM Tang 403,638 5,518
XH Teo 105,548 0
MA Thibault 89,955 0
KM Thielmann 91,302 1,050
JM Timmers 228,802 2,059
PL Tom 87,267 0
O Towfigh 227,914 1,956
DC Tse 148,357 0
PD Vaillancourt 328,543 0
JR Van Groll 109,580 2,908
KA Van Heerden 118,086 1,743
A Vanderhelm 100,855 473
B Vincent 106,412 0
J Vroom 106,453 0
KC Wagner 494,048 498
D Watson 91,214 0
N Wein 142,343 0
T Wiersma 121,867 0
K Wild 305,479 15,706
N Wilkinson 130,229 0
KA Williams 118,015 37
W Willis 87,286 6,223
J Yam 114,664 0
L Yang 129,930 0
S Yartsev 128,538 0
D Yeadon 215,864 5,574
C Yeung 101,710 549
L Yuen 103,749 1,041
H Yuun 84,362 0
D Zavoral 335,884 328
D Zhang 78,794 1,537
RC Zittlau 117,402 2,314

198
POWEREX CORP.
Schedule of Remuneration Paid to Employees and Expenses Paid to or Page No: 4 of 4
on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES

Consolidated total of other employees with remuneration of $75,000 or less 1,819,540 24,313
Total 38,633,124 597,972

Receiver General for Canada (employer portion of EI and CPP) 1,018,357

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203
 

       

     


 !"23 there was 2 severance agreements made
between Powertech Labs Inc. and its non-unionized employees. These agreements
represented 2 weeks compensation.

 *
)&)/)&/) !"23
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204
POWERTECH LABS INC.
Schedule of Remuneration Paid to Employees and Expenses Paid to or Page No: 1 of 4
on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

E Agujo 132,603 0 K Gandhi 91,898 0


P Allan 120,296 50 K Garandza 83,734 102
S Allen 105,314 1,838 C Geng 143,282 3,978
S Arabi 262,730 0 G Gill 84,265 631
M Armstrong 126,171 9,257 M Gill 85,287 100
N Ayer 82,866 2,887 T Gordon 111,673 3,210
R Bandekar 116,334 3,616 J Gorham 147,499 649
R Bazarjani 143,486 4,182 B Gourley 112,102 2,818
J Bloemink 146,810 12,991 T Grundy 167,640 39,931
K Bognar 205,268 2,426 V Gunja 144,389 969
D Bromley 184,409 2,900 Y Guo 100,747 102
W Brown 103,413 1,120 J Gutierrez 87,958 4,008
X Cen 76,276 90 A Hall 147,201 37,601
S Chambers 143,690 9,387 D Hansen 100,496 0
I Chang 140,542 1,463 B Hillaby 80,506 50
J Chee 169,127 2,276 C Ho 103,401 26,984
G Chen 138,658 17,032 P Ho 139,027 4,336
K Cheng 116,942 3,933 J Hollman 166,134 15,490
S Cherukupalli 98,646 6,776 P Horacek 139,152 411
Y Choi 84,255 289 A Hoshyarzadeh 75,764 11,422
C Cindrich 123,251 967 F Howell 198,851 5,965
J Clark 111,555 8,765 J Howell 98,641 261
S Clarke 103,611 1,112 R Howell 138,179 2,880
L Connaughton 149,117 4,973 G Hsu 88,319 2,242
M Crapper 105,441 3,113 K Joshi 94,941 0
D Crockett 104,144 103 A Kahrobaeian 145,442 8,078
E Crozier 122,161 6,034 K Kainth 92,169 175
A Das 140,518 7,714 K Kalkat 76,197 1,899
R Demegillo 86,187 3,542 M Kalra 104,273 594
R Devita 114,273 5,465 W Kang 114,070 237
J Escala 90,945 7,417 S Karimi 85,121 340
D Facey 193,480 942 D Kato 88,730 1,622
Z Feng 199,861 4,495 J Kaur 91,468 890
F Fong 107,008 5,961 B Khorramdel 107,876 1,475

205
POWERTECH LABS INC.
Schedule of Remuneration Paid to Employees and Expenses Paid to or Page No: 2 of 4
on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

M Krishnan 100,182 2,429 A Parmar 85,586 420


D Kung 119,221 1,733 G Patel 106,287 664
A Laguador 117,981 22,777 M Payot 85,173 2,953
L Lai 116,860 288 P Piya 103,178 3,360
J Lang 97,867 719 K Porter 127,476 1,170
S Law 106,980 0 P Poulain 224,406 32,630
T Lee 110,289 2,426 S Ramesh 91,375 68
H Leem 123,054 26,499 E Ramirez 79,188 1,018
H Li 170,504 775 T Ramnial 183,037 3,619
P Li 92,473 704 F Rashidi 126,913 1,725
Q Li 175,377 4,452 L Remple-Hockey 81,405 1,432
N Lin 112,166 2,466 T Russell 79,970 50
X Lin 188,773 22,666 D Saadatmand 77,606 2,551
R Lings 114,995 2,672 D Samant 89,463 2,197
C Longaza 100,029 150 A Sandhu 89,603 416
K Lund 101,219 544 S Sasitharan 172,546 1,317
Q Luo 89,423 1,114 M Schneider 93,068 4,597
S Mahboob 113,655 3,396 E See-Toh 152,191 26,861
I Manzoor 109,185 1,566 A Shah 93,575 2,887
H Mayuga 112,676 2,745 L Sharpe 138,775 2,487
A Mazyavin 129,963 21,688 L Shi 77,667 87
A Mcclean 138,099 23,876 X Shi 97,949 594
S Mellard 83,077 1,485 J Sketchley 114,455 1,085
H Meng 96,394 1,962 B Skillings 136,046 9,660
H Miller 119,936 17,958 T Smutny 112,758 17,643
B Mise 87,604 929 R Sohrabi 167,298 2,003
A Moharana 158,487 12,297 R Soltani 176,130 10,439
V Molloy 76,133 0 L Song 131,447 3,015
C Morton 121,605 7,574 H Sourivanh 75,331 166
A Ng 84,434 0 G Stanciulescu 147,353 11,638
M Nurminen 141,660 4,158 G Stark 90,422 4,699
T Oliver 108,337 0 H Sun 133,698 29,482
M Ormrod 91,692 2,385 B Sunga 192,321 4,321
J Paetz 76,363 0 T Szakacs 123,343 23,672
D Palmer-Stone 96,835 494 S Tahermaram 128,647 5,992

206
POWERTECH LABS INC.
Schedule of Remuneration Paid to Employees and Expenses Paid to or Page No: 3 of 4
on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES REMUNERATION EXPENSES

L Taylor 173,950 1,627


Y Tian 105,568 2,123
M Treacy 120,050 2,536
R Trip 134,455 1,208
V Trivedi 86,638 100
L Vail 109,652 583
V Vankayala 171,990 5,421
S Varisco 122,982 194
S Vishwakarma 80,303 340
B Wang 85,355 63
X Wang 182,052 0
E Waugh 86,188 4,606
A Webb 92,666 15,280
G Wong 92,374 82
B Xia 179,219 31,144
L Yang 106,833 103
Y Yi 90,040 1,576
R Yuen 105,012 10,500
M Zamani 84,065 4,051
T Zhang 141,626 5,726

207
POWERTECH LABS INC.
Schedule of Remuneration Paid to Employees and Expenses Paid to or Page No: 4 of 4
on Behalf of Employees During the Year Ended March 31, 2023

REMUNERATION EXPENSES

Consolidated total of other employees with remuneration of $75,000 or less 5,579,792 195,248
Total 24,385,843 1,016,921

Receiver General for Canada (employer portion of EI and CPP) 1,181,487

208
POWERTECH LABS INC.

Schedule of Payments to Suppliers for Goods and Services During Page No: 1 of 3
the Year Ended March 31, 2023

A.R. Thomson Group 511,440 ELEN-MECH. Consulting Inc. 96,840


ABB E-Mobility Inc. 164,610 Engineers & Geoscientists BC 42,967
ABC Customs Brokers Ltd. 308,935 F & G Delivery Ltd. 42,238
Acklands-Grainger Inc. 29,007 Faye Lee Xuan 55,247
Acuren Group Inc. 108,375 FedEx Freight 135,338
AddEnergie Technologies Inc. 794,808 FIBA Technolgoies Inc 100,110
Aeromation Design and Repair Inc. 36,488 FireEye, Inc 90,483
Anixter Canada Inc. 25,079 Fisher Scientific Company 75,546
Arcurve Inc. 49,731 FortisBC-Natural Gas 118,444
Avaral Rao 27,594 Fraser Valley Refrigeration Ltd. 62,666
BCNE Technology Ltd. 263,358 GM International Safety Inc. 31,558
Beijer Electronics, Inc. 31,047 Good Insights Strategy Inc. 34,359
BeyondTrust Corporation 42,823 Ground-It.Com Consulting Ltd. 27,930
Bilton Welding and Mfg Ltd. 38,891 Habonim Industrial Valves &Actua 63,086
Borden Ladner Gervais LLP 200,787 Hexagon Purus GmbH 57,981
Calpro LLC 26,387 Hitachi Energy Canada Inc. 63,074
Canadian Life Science Inc. 27,308 Hydro-Pac Inc. 358,493
Canteen of Canada Limited 29,522 I.T. Blueprint Solutions 30,823
CARO Analytical Services Ltd. 36,833 IEEE 26,731
CDW Canada Inc. 122,317 iHaul Freight Ltd. 59,896
City of Surrey 38,809 Infosat Communications LP 32,453
Code Electric Products Ltd. 67,070 Interfax Systems Inc. 412,820
Columbia Business Systems Ltd. 37,031 Intertek Testing Services (ITS) 48,930
Consus Management Ltd. 26,880 IOSecure 256,739
Contemporary office Interiors Ltd. 58,695 John C. Owen 303,119
CP Industries Holdings, Inc. 159,724 Keen & Able Logistics (VCR) Inc. 95,371
Daehwa Power Engineering Co., Ltd. 74,093 KNW Professionals Ltd. 85,050
Darktrace Limited 33,443 Korea Inspection Service Inc. 420,399
Dell Canada Inc. 57,802 Langley Concrete 169,299
Delta Photonics Inc. 204,959 Linde Canada Inc. 94,297
Digi-Key Electronics 44,920 LineStar Utility Supply Inc. 33,663
E.B. Horsman & Son 59,060 MailManager Limited 28,992
Eecol Electric Corp. 32,547 Mark's Commercial 39,236
Elec-Tech Sales Ltd. 174,251 Marsh Canada Limited 725,128

209
POWERTECH LABS INC.

Schedule of Payments to Suppliers for Goods and Services During Page No: 2 of 3
the Year Ended March 31, 2023

McMaster-Carr 39,086 Sonic Enclosures Ltd. 38,477


Mcrae's Environmental Services Ltd. 26,600 South Fork Instruments, Inc. 245,529
Messer Canada Inc. 54,484 Southern Alberta Fluid Systems Tech 53,023
Metro Testing Laboratories 43,790 Spartan Controls Ltd. 64,261
Mettler-Toledo Inc. 25,239 Standards Council of Canada 65,047
Microsoft Corporation 60,621 Storagepipe Solutions Inc. 30,854
Miller Instruments Ltd. 107,782 Techstreet, LLC 30,822
Minister of Finance 208,257 Telus 27,496
Murray Latta 38,757 TestForce Systems Inc. 27,077
MW & Associates Advisory Services 43,680 The Home Depot 33,303
National Instruments Corporation 76,485 Trench Limited 29,235
Norcan Fluid Power Ltd. 29,261 TrilliumPC Network Sol. 207,155
Noshok Inc. 49,030 Uline Canada Corporation 103,948
Novex Couriers 27,121 United Rentals of Canada, Inc. 80,744
Nunn Electrical Ltd. 216,200 Uptime Industrial Inc. 77,994
Oxford Construction Ltd. 106,494 Vacs Ltd. 29,182
Pacific Mechanical Systems Ltd. 79,161 VeilSun Inc. 59,421
Patton & Cooke Co. 33,464 VPE THERMAL LLC 90,620
Power Pros Electrical Ltd 414,607 VWR International Co. 56,713
Promium, LLC 26,994 WEH Technologies Inc. 52,292
Proton Energy Systems, Inc 101,834 Wescan Calibration 37,639
QPS Evaluation Services Inc 26,670 Wesco Distribution Canada LP 53,892
Quickbase, Inc. 145,675 Westburne West 106,557
Red-D-Arc Limited 118,728 Westech Industrial Ltd. 111,302
Reinhausen Canada Inc. 29,878 Williams Machinery LP 34,914
Ridgeline Power Engineering 55,778 Wimax Forum 25,634
Roaron Construction Limited 64,764 WorkSafeBC 92,456
Rogers 166,227 ZaGO Manufacturing Inc. 142,024
Ronald Klopfer 45,150 Zimco Instrumentation 135,224
Seabox Depot Ltd. 107,354
Siemens Canada Limited 99,208
Silhouette Enclosures Ltd. 96,902
Silhouette Enclosures Ltd. 97,873
Skeans Pneumatic And Automation Inc 35,883
Slip Tube Enterprises Ltd 77,156

210
POWERTECH LABS INC.

Schedule of Payments to Suppliers for Goods and Services During Page No: 3 of 3
the Year Ended March 31, 2023

Consolidated total of other suppliers


with payments of $25,000 or less 2,683,335

Total 16,066,287

211
BCHPA CAPTIVE INSURANCE COMPANY LTD.

Schedule of Payments to Suppliers for Goods and Services During Page No: 1 of 1
the Year Ended March 31, 2023

Aon Canada Inc 64,500


Marsh Canada Ltd 1,881,478

Consolidated total of other suppliers


with payments of $25,000 or less 21,820

Total 1,967,799

212
COLUMBIA HYDRO CONSTRUCTORS LTD.

Schedule of Payments to Suppliers for Goods and Services During Page No: 1 of 1
the Year Ended March 31, 2023

Consolidated total of other suppliers


with payments of $25,000 or less 14,606

Total 14,606

213
NOTE

A reconciliation of amounts reported in the Financial Information Act Return and the audited
consolidated financial statements has not been prepared. BC Hydro prepares its Financial
Statements on an accrual basis while the amounts reported in the Financial Information Act
Return are based on cash payments in the year. This will result in timing differences between
amounts recorded as expenses in the Financial Statements and amounts paid in the year.

214
British Columbia Hydro and Power Authority

Contact Information

333 Dunsmuir Street

Vancouver, BC

V6B 5R3

Lower Mainland

604 BCHYDRO

(604 224 9376)

Outside Lower Mainland

1 800 BCHYDRO

(1 800 224 9376)

bchydro.com

215

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