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 MATTER OF the Utilities Commission Act, S.B.e. 1980, c. 60, as amended and An Application by Centra Gas British Columbia Inc. BEFORE: M.K. Jaccard, Chairperson; and ) L.R. Barr, Deputy Chairperson ) October 6, 1993 ORDER WHEREAS: A. On August 10, 1993 Centra Gas British Columbia Inc. ("Centra Gas") applied to the Commission for approval of a spot gas procurement strategy by which it proposes to purchase spot gas for system requirements and for injection into storage facilities for use during peak winter months; and B. Centra Gas also applied on September 27, 1993 for Commission approval of its spot gas purchases made during the months of April to August 1993; and e. The Commission has reviewed the procurement strategy and actual spot purchases made during April to August, 1993 and is satisfied that approval is necessary and in the public interest. NOW THEREFORE pursuant to Section 85.3 of the Utilities Commission Act and the Rules the Commission approves the following: 1. Centra Gas' spot gas procurement strategy as outlined in its August 10, 1993 application covering the period September 1, 1993 to October 31, 1994, subject to the following conditions: a) Spot gas will not be purchased if less expensive gas is available under baseload or other supply contracts. b) Appropriate exchange rates and transportation differentials will be used to correlate the index price and the price at the point of delivery. . . ./2
c) The purchase price will not exceed the Canadian Hydrocarbon Marketing Inc. average spot pool price for the time period, for equivalent deliveries. d) Centra Gas will monitor alternative reference indexes and propose a revision to the strategy if a more appropriate reference for intra-British Columbia deliveries emerges. 2. Centra Gas' spot gas purchases made in the months of April through August 1993, as set out in its September 27, 1993 letter. DA TED at the City of Vancouver, in the Province of British Columbia, this 11m BCUC/Order/CG-SpotGasPurchases 2 day of October, 1993. BY ORDER Dr. Mark K. Jaccard Chairperson
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