c..r\ COL' -<...\-- «':- 4:J c -? < : '/ 0 ' ~ -s PROVINCE OF BRITISH COLUMBIA BRITISH COLUMBIA UTILITIES COMMISSION IN THE MATTER OF the Utilities Commission Act, S.B.C. 1980, c. 60 as amended IN THE r..1ATTER OF Applications by Inland Natural Gas Co. Ltd., and Superior Propane Inc. BEFORE: J.D. V. Newlands, Deputy Chairman; D.B. Kilpatrick, Commissioner; and N. Martin, Commissioner ORDER WHEREAS Inland Natural Gas Co. Ltd. ("Inland") applied June 18, 1987 pursuant to Section 61 of the Utilities Commission Act (lithe Act") for an Order of the Commission approving its acquisition of 30,000 6% Non-Cumulative Redeemable Preferred and 125,000 Common shares of Squamish Gas Co. Ltd. (tlSquamish ("Superior") for $773,635; and WHEREAS Inland and Superior by agreement dated June 18, 1987 specified that following Commission approval of the acquisition by Inland of Squamlsh Gas that Squamish Gas would acquire the assets of the Granisle Grid as at March 31, 1987 from Superior Propane Inc. for $126,365; and WHEREAS Superior Propane Inc. applied June 18, 1987 pursuant to Section 61(!+) of the Act for Commission approval of the transfer of the ownership of all of the shares of Squamish Gas owned by Superior to Inland; and WHEREAS Superior also applied pursuant to Section 59(1) of the /\ct to dispose of the whole of its Granisle Grid operations to Squamish Gas at the closing of the transfer of Squarnish Gas shares to Inland; and iE, EP\-':'-,,:: ..· ·T-· r,;:.l o " I) !t ' r \ r' i l ;} " f il j lP lh ' ~ " h :' : l w ~A 01,. <t UnUHES COMMISSIQI v <: !2 .. C, ORDER f\\c., CON' \'" NUMBER G-76-S7 and ) ) ) ) November 25, 1987 ) ) Gas") from Superior Propane Inc. ... /2 O!;::I;::>:J~'/ "';:" 1,&14: 6S(l.PC2 \\/·1
WHEREAS by Order No. G-62-87 the Commission ordered a public hearing of the Applications to commence Thursday, November 19, 1987 at Squamish, B.C.; and WHEREAS the Commission has considered the evidence adduced at the pubiic hearing. NOW THEREFORE the Commission hereby orders as follows: A. The acquisition of Squamish Gas Co. Ltd. by Inland Natural Gas Co. Ltd. is approved effective the date of this Order subject to the following conditions: (i) That any premium over the net book value as at March 31, 1987 of the equity of Squamish Gas to be paid by Inland will not be recovered in the rates to be paid by the customers of Squamish Gas. (in That Squamish Gas will be given free access by Superior Propane Inc. to any information substantiating the propane prices to Squamish Gas by Superior, with monthly reports Commission. B. The acquisition of the Assets of Granisle Grid by Squamish Gas is approved effective the date of this Order but such approval is not to be construed by the Applicants as indicating that the Commission has recognized any specific value for the assets of Granisle Grid for regulatory purposes. C. Inland and Squamish Gas will comply with the several conditions contained in the Commission Decision issued concurrently with this Order. D. Inland and Squamish Gas will comply with the commitments concerning customer rates as enunciated during the hearing by Mr. Randall Powell, Executive Vice-President of Inland. E. The costs of these proceedings are to be shared equally by Inland and Superior. DATED at the City of Vancouver, in the Province of British Columbia, this ~~ 5'/~ay of November, 1987. 265Aj30 v I ! ' H~t r? • .t • ~ z p" n '' u ' 'T d !'! t "S G . t r h ' : f t l f h .l ' " z l' i S ' I ; " i ! U rt If 2 ORDER NUMBER G-76-87 thereon to be filed with the / / l J"0 ~:U#<J' /
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