B4 - Sunday, November 18, 1984 - North Shore News

B.C. HYDRO 1s asking the

B.C Utilities Commission
(BCUC) to confirm the 6.8
per cent interim electric rate
increase effective since last
April and to grant a further
6 S per cent increase tor the
fiscal year beginning April 1,
1988 No increase in natural
gas rates is sought at this
time

For a typical residential
house consuming 1,000
kilowatt-hours per month,
the proposed electric rate in-
crease on April 1, 1985 would
add $3.34 per month to the
customer's bill

In a statement supporting
the request, John Sheehan,
Hydro’, executive vice
president) finance and=ad-
ministration, said “B.C
Hydro recognized the
undesirability of electric rate
increases at this stage of the
recovery of the economy”
and added that ‘‘all
reasonable steps were taken
to minimize and = postpone
Tate increases.""

At the same time, BC
Hvdro is concerned about
how far it can reduce costs
and still maintain reasonable
and sate service levels
Despite some considerable
success in finding markets for
surplus power and a restraint
program which saw about
2,000 jobs eliminated, a 6 §
per cent rate increase (which
was effective April 1S, 1984)
became inevitable if} Hydro
was (oO dvoid a loss of over

$80 million in
fiscal year.

“To keep the necessary
rate increase down to the in-
terim 6.5 per cent already
granted tor this vear and to a
similar 6.5 per cent increase
sought for next year, Hydro
has instituted additional
restraints which will cut a
further $220 million from its
operating and capital budgets
in the next three years. As
part of a re-emphasis ot!
Hydro’s role as an operating
utility with a decrease in need
for major project expertise, a
further reorganization of the
corporation commenced in
April 1984 and is ongoing
When it 1s completed, there
are expected to be less than
7.500 people on the payroll
compared with about 10,000
in 1982,"’ Sheehan added

the current

The major unavoidable
cost immereases in Hydro’s
budget are those relating to
electric fixed assets commit-
ted in past years (Cheekye-
Dunsmuir transmission inter-
connection and the
Revelstoke project) and costs
associated with the falling
value of the Canadian dollar
Fluctuation in the value of
the Canadian dollar versus
the US dollar affects
Hydro’s annual financial ex-
penses to the extent that a
one per cent change amounts
to a $12 to $14 million change
in’ annual revenue re-
Quirements fo cover interest
and provision tor exchange
loss on debt redemption

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KURT FORSTER, architec-
tural historian and the recent-
ly appointed director ot
special studies for the J. Paul
Getty Museum in Los
Angeles, is guest lecturer at
the Alcan Lectures on Ar-
chitecture 1984/8%S on
Wednesday, November 21 at
6 p.m. in the Robson Square
Media Centre. He will discuss
the works of Karl Schinkel,
the 19th century German ar
chiteect, artist and
administrator

The Alcan Lectures series,
now in ats Sth year and coor-
dinated by Vancouver
League tor Studies in Ar-
chitecture and the Environ-
ment, continues to. draw
capacity audiences. It 1s
presented in the interests of
enriching the architectural
awareness and appreciation

erm

of both the general public
and professional community
through exposure [to tnter-
nationally recognized
authorities. The lectures,
which are open to the public
are free.

Kurt Forster was born tn
Zurich in 1935 and received
his PH.D. in the history of
art and architecture from the
University of Zurich tn 1961.

He moved to the United
States where he taught
Renaissance and Modern Ar-
chitecture at Yale and then at
Stanford University. In 1982
he accepted the position as
senior historian in the School
of Architecture at
Massachusetts Institute of
Technology.

Karl Schinkel (1781-1841)
was the greatest German ar-
chitect of the nineteenth cen-
tury. His working years cor-

he

wae

respond to. the
Friedrich Wilham Ill, King
of Prussia, and he was named
state architect in 1815. He
designed a number of royal
and public buildings in Berlin
and elsewhere. As city plan-
ner for Berlin, Schinkel in-
fluenced the development of

Depos

fs Earn up to...

12%

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Annum

reign of

Speaking of architecture

that city, changing the course
of rivers, creating new land
for building, new bridges and
new streets. In Vancouver,
the Old Court house which
now houses the Vancouver
Art Gallery is an example of
the Greek Revivalism

developed by Schinkel.

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