Part 3, BEFORE repealed by BC Reg 231/2018, effective November 7, 2018.
Part 3 — British Columbia Hydro and Power Authority
Definition
4 In this Part, "BC Hydro" means the British Columbia Hydro and Power Authority and its subsidiaries, as defined in the Business Corporations Act.
[en. B.C. Reg. 146/2011, s. 3.]
Standards and guidelines
5 (1) Subject to subsections (2) and (3), the standards and guidelines referred to in section 23.1 (1) (a) of the Act apply to BC Hydro.
(2) Except for the part referred to in subsection (3), the United States Financial Accounting Standards Board Accounting Standards Codification 980, as amended, supplemented or replaced from time to time, is adopted for BC Hydro.
(3) The part of the United States Financial Accounting Standards Board Accounting Standards Codification 980 that requires rates to be established by or subject to approval by an independent, third-party regulator is not adopted.
[en. B.C. Reg. 146/2011, s. 3.]
Application
6 (1) Section 5 applies in relation to the fiscal year of BC Hydro beginning in 2012 and subsequent fiscal years.
(2) The alternate standards and guidelines adopted for BC Hydro under section 5 (2) apply in relation to the accounting policies and practices of BC Hydro and the accounting policies and practices of the government reporting entity in consolidating the financial operations of BC Hydro.
[en. B.C. Reg. 146/2011, s. 3.]