-\,s'r. COI.(;1.t. ~ t:i:) >.\~,,~ s ~ V;- /~ S COWl\'tยท PROVINCE OF BRITISH COLUMBIA BRITISH COLUMBIA UTILITIES COMMISSION IN THE MATTER OF the Utilities Commission Act, S.B.C. 1980, c. 60, as amended and IN THE MATTER OF an Application by West Kootenay Power Ltd. BEFORE: J.G. McIntyre, Chairman; N. Martin, Commissioner; and W.M. Swanson, Q.C., Commissioner o R D E R WHEREAS pursuant to Section 57 of the Utilities Commission Act (lithe Act") West Kootenay Power Ltd. (IlW Kp for Commission approval of the issuance of 480,000 Cumulative Redeemable Retractable Preferred Shares, Series 2, each with a par value of $25, paying an annual cash dividend of $1.975 per share and to be issued at a price of $25 per share; and WHEREAS WKP stated that the proceeds of this share issue will be used to reduce its outstanding bank indebtedness; and WHEREAS the Commission is satisfied that the proposed issue is to be made in accordance with every enactment governing the issue of securities. NOW THEREFORE approval is granted under Section 57 of the Utilities Commission Act to WKP for the issuance of 480,000 Cumulative Redeemable Retractable Preferred Shares, Series 2, each with a par value of $25, paying an annual cash dividend of $1.975 per share and to be issued at a price of $25 per share as specified. DATED at the City of Vancouver, in the Province of British Columbia, this d-3~ day of November, 1988. 36I/1.t2/acBRITISH COLUMBIA ~ V UTILITIES COMMISSION ~ ~ e, ORDER .. t.\e;, NUMBER G-IOl-88 ) ) ) ) November 23, 1988 ) ) lI ) applied November 21, 1988 the Commission hereby orders that John G. McIntyre '-//Chairman
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