▁BC ▁H ydro ▁there after ▁consisted ▁of ▁BC ▁Electric , ▁the ▁Peace ▁River ▁Power ▁Development ▁Company , ▁and ▁the ▁BC ▁Power ▁Commission . ▁The ▁creation ▁of ▁a ▁government ▁owned ▁power ▁entity ▁allowed ▁Ben nett ▁to ▁fin ance ▁the ▁d ams ▁and ▁power h ouses ▁on ▁the ▁Columbia ▁at ▁lower ▁interest ▁rates , ▁thus ▁reducing ▁the ▁cost . ▁Next , ▁the ▁BC - Can ada ▁Ag re ement ▁of ▁ 8 ▁July ▁ 1 9 6 3 ▁designated ▁BC ▁H ydro ▁as ▁the ▁entity ▁responsible ▁for ▁Canadian ▁d ams ▁out lined ▁in ▁the ▁treat y , ▁and ▁annual ▁operations ▁of ▁the ▁treat y . ▁ ▁Last ly , ▁Ben nett ▁directed ▁the ▁negoti ations ▁for ▁a ▁Canadian ▁Ent it lement ▁sales ▁agreement ▁which ▁provided ▁the ▁funds ▁to ▁develop ▁both ▁the ▁Columbia ▁and ▁the ▁Peace ▁rivers ▁simultaneously . ▁Since ▁it ▁was ▁illegal ▁for ▁Canada ▁to ▁export ▁power ▁during ▁the ▁ 1 9 5 0 s ▁and ▁ 1 9 6 0 s , ▁the ▁funds ▁provided ▁by ▁the ▁Columbia ▁River ▁Tre aty ▁ent it lement ▁were ▁the ▁only ▁afford able ▁way ▁for ▁British ▁Columbia ▁to ▁develop ▁both ▁rivers , ▁thus ▁the ▁Tre aty ▁became ▁integral ▁to ▁Ben nett ' s ▁vision ▁of ▁power ▁in ▁British ▁Columbia . ▁With ▁the ▁c ash ▁received ▁from ▁the ▁sale ▁of ▁the ▁additional ▁power ▁generation ▁of ▁the ▁Canadian ▁Ent it lement ▁( appro xim ately ▁C $ 2 7 4 . 8 ▁million ▁in ▁Sept . ▁ 1 9 6 4 ▁for ▁the ▁first ▁ 3 0 ▁years ) ▁the