SIXTH FLOOR. 900 HOWE STREET. BOX 250 TELEPHONE: (604) 660-4700 VANCOUVER. B.C. V6Z 2N3 BC TOLL FREE: 1-800-663-1385 CANADA FACSIMILE: (604) 660-1102 AN ORDER IN THE MA ITER OF the Utilities Commission Act, S.B.e. 1980, c. 60, as amended and An Application by BC Gas Utility Ltd. BEFORE: M.K. Jaccard, Chairperson; and ) August 12, 1993 F.C. Leighton, Commissioner ) ORDER WHEREAS: A. On July 28, 1993 BC Gas Utility Ltd. ("BCGUL") applied, pursuant to Section 57(2) of the Utilities Commission Act ("the Act"), for approval of the issuance of one Common Share in the amount of $50 million to be issued to BC Gas Inc. ("BC Gas"), the parent company; and B. The issuance of the Common Share is required due to the transfer of the non-utility investments to BC Gas by way of a deemed dividend as part of the company reorganization as approved by Order No. G-45-93; and C. The Commission has reviewed the Application and is satisfied that approval is necessary and in the public interest. NOW THEREFORE the Commission approves, pursuant to Section 57(2) of the Act, the issuance of one Common Share by BCGUL to BC Gas in the amount of $50 million to be issued before August 31, 1993. DA TED at the City of Vancouver, in the Province of British Columbia, this day of August, 1993. BY ORDER Dr. Mark K. Jaccard Chairperson BCUC/Order/BCG/CommonShare
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