British Columbia Hydro and Power Authority - $1,000,000 Bond
Inv# MD1003 Bond
$1,000,000 Bond. American Bank Note Company. Rare!
The British Columbia Hydro and Power Authority, operating as BC Hydro, is a Canadian electric utility in the province of British Columbia. It is the main electricity distributor, serving more than 4 million customers in most areas, with the exception of the City of New Westminster, where the city runs its own electrical department and portions of the West Kootenay, Okanagan, the Boundary Country and Similkameen regions, where FortisBC, a subsidiary of Fortis Inc. directly provides electric service to 213,000 customers and supplies municipally owned utilities in the same area. As a provincial Crown corporation, BC Hydro reports to the BC Ministry of Energy, Mines and Low Carbon Innovation, and is regulated by the British Columbia Utilities Commission (BCUC). Its mandate is to generate, purchase, distribute and sell electricity.
BC Hydro operates 32 hydroelectric facilities and three natural gas-fueled thermal power plants. As of 2014, 95 per cent of the province's electricity was produced by hydroelectric generating stations, which consist mostly of large hydroelectric dams on the Columbia and Peace rivers. BC Hydro's various facilities generate between 43,000 and 54,000 gigawatt hours of electricity annually, depending on prevailing water levels. BC Hydro's nameplate capacity is about 11,000 megawatts. Read more at https://en.wikipedia.org/wiki/BC_Hydro
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.
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