G-56-92 IN TIlE MA TIER OF the Utilities Commission Act, S.B.C. 1980, c. 60 as amended and IN TIlE MAT IER OF an Application by West Kootenay Power Ltd. BEFORE: J.G. McIntyre, ) Chainnan; and ) J.D.V. Newlands, ) July 6, 1992 Deputy Chainnan; and ) N. Martin, ) Commissioner ) o R D E R WHEREAS: A. On April 9, 1992, West Kootenay Power Ltd. (ttWKPtt) applied to the Commission, pursuant to Section 67(4) of the Utilities Commission Act (ttthe Act tt ), to pass-through an increase of 1 percent in the Corporation Income Tax Rate effective January 1, 1992, and a 0.3 percent Corporation Capital Tax effective April 1, 1992 paid by WKP to the Provincial Government; and B. On June 5, 1992 Royal Assent was given to the Provincial Government tax changes; and C. The Commission has reviewed the Application and supporting documentation and is satisfied that approval of an increase in electrical rates is necessary and in the public interest. NOW THEREFORE the Commission orders as follows: 1. Pursuant to Section 67(4) of the Act, the Commission approves for WKP amended Electric Tariff Rate Schedules that will pass-through an increase of 1 percent in the Corporation Income Tax Rate under the Income Tax Amendment Act, 1992 and a 0.3 percent Corporation Capital Tax under the Corporation Capital Tax Act, equivalent to 0.052ยข per kW.h for all customers, effective July I, 1992. 2. The Commission will accept, subject to timely filing, Electric Tariff Rate Schedules amended in accordance with the Application and terms of this Order, effective with electrical consumption on and after July 1, 1992. 3. WKP is to inform customers of the rate increase effective July 1, 1992 and its effeyt on monthly electricity bills. "7t:~/ /J(/t:( D A TED at the City of Vancouver, in the Province of British Columbia, thi~~> day of July, 1992. (,Ii John G. McIntyre Chainnan /lm BCUClOrders/WKP-CorpIncTaxRate
You are being directed to the most recent version of the statute which may not be the version considered at the time of the judgment.