He projects the Crown corporation will lose over $1 billion over the next four years , which comes from being locked into high-priced long-term contracts in which it has to buy power at a high rate from private producers and sell it at a loss, even though it's not needed. According to B.C. Hydro's 2012 Annual Report, Hydro has 15,157 GWh in long-term energy contracts, at a cost of $1.422 billion for 2012/13, while the Site C EIS shows a surplus of 5,200 GWh for 2013, and an expected surplus of 5500 GWh in 2015.
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