agency regarding energy rates. In 2003 the BC government passed several pieces of legislation to redefine and regulate power utilities in British Columbia. The Transmission Corporation Act created the British Columbia Transmission Corporation (BCTC) which plans, operates and maintains the transmission system owned by BC Hydro. Also in 2003, BC Hydro privatized the services provided by 1540 of its employees in its Customer Service, Westech IT Services, Network Computer Services, Human Resources, Financial Systems, Purchasing, and Building and Office Services groups. These services are now provided under contract by Accenture. Site C Dam While BC Hydro initially looked at Site C on the Peace River near Fort St. John in the late 1950s, it wasn't until 1982 that it submitted a Site C development project to the British Columbia Utilities Commission (BCUC). It was turned down by the BCUC at that time. Another attempt to revive it in the 1990s was blocked by environmental concerns. In 2004 the BC government's Energy Plan instructed BC Hydro to begin discussions with First Nations, the Province of Alberta and communities to discuss Site C as a future option. In May 2014, a federal-provincial Joint Review Panel released a report into the project's environmental, economic, social, heritage, and health effects. A notice of Site C construction commencing in 2015 was issued July 2015. Revelstoke Dam built in 1984 was the last new dam built by BC Hydro. Independent Power Producers The BC Hydro Public Power Legacy and Heritage Contract Act requires BC Hydro to meet the province's future needs for power through private developers. These acts have allowed Independent Power Producers (IPPs) to sell power to BC Hydro, which is required by law to buy it from them even at a loss. In 2011 BC Hydro spent $567.4 million on electricity from IPPs. In 2013, BC Hydro had 127 Electricity Purchase Agreements in its supply portfolio, representing 22,200 gigawatt hours of annual energy and over 5,500 megawatts of capacity. In 2013 those purchases will be $781.8 million in 2013 and $939.8 million in 2014, representing about 20% of domestic supply. Exports BC Hydro exports and imports electric power through its wholly owned power marketing and trading subsidiary, Powerex, which was established in 1988. Powerex also markets the Canadian Entitlement energy from the Columbia River Treaty. BC Hydro belongs to a power sharing consortium which includes electric utilities in Alberta, Washington, Oregon, Idaho and California.