FINANCIAL INFORMATION ACT
The consolidated financial statements of Columbia Power Corporation (Columbia Power) have been prepared by management in accordance with Canadian generally accepted accounting principles and fairly present Columbia Power's consolidated financial position and results of operations. The integrity of the information presented in the consolidated financial statements, including estimates and judgements relating to matters not concluded by fiscal year end, is the responsibility of management.
STATEMENT OF EXECUTIVE COMPENSATION – FISCAL YEAR 2011/2012To ensure transparency and accountability, Columbia Power—as a crown corporation—is responsible for reporting the major elements of compensation for its executives. The Statement of Executive Compensation provides an explanation of our compensation philosophy, the objectives of our compensation program and what it is designed to reward, and how the performance payments for the top five executives relate to the organization’s performance target.
Columbia Power is a Crown corporation wholly owned and controlled by the Province of British Columbia. Its mission is to efficiently develop and operate commercially viable, environmentally sound and safe power project investments.