British Columbia hydroelectric faced significant foreign exchange loss in 1988 due to the debt service requirements of large amounts of U.S. dollar debt. Debt arose from the late 1970s and early 1980s, when the dollar was much weaker against the Canadian dollar. Chairman of BC Hydro, Larry Bell, now assessing a number of alternative strategies for the protection of the provincial utility from further losses associated with this debt.
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by Michael Moffett Source: Thunderbird School of Global Management 6 pages. Publication Date: Mar 03, 1999. Prod. #: TB0191-PDF-ENG
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