SIXTH FLOOR, 900 HOWE STREET, BOX 250 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.C. 1980, c. 60, as amended and An Application by Centra Gas British Columbia Inc. for Approval of Buy/Sell Reference Prices - 1994/95 Gas Contract Year BEFORE: M.K. Jaccard, Chairperson; and ) K.L. Hall, Commissioner ) December 8, 1994 ORDER WHEREAS: A. On October 20, 1993 the Commission issued Order No. G-100-93 which approved the Centra Gas British Columbia Inc. ("Centra Gas") methodology for calculating core market buy/sell reference prices for the 1993/94 gas contract year; and B. On June 22, 1994 the Commission issued Order No. G-42-94 which directed local distribution companies to file reference prices for the 1994/95 gas contract year as early as possible but no later than October 1, 1994; and C. On November 17, 1994, and as amended on December 7, 1994, Centra Gas applied to the Commission for approval of reference prices and price factors for the 1994/95 gas contract year for the Vancouver Island and Sunshine Coast service area ("the Application"); and D. The Commission has reviewed the Application and is satisfied that approval is necessary and in the public interest. NOW THEREFORE the Commission orders as follows: 1. The Commission approves for Centra Gas for the Vancouver Island and Sunshine Coast service area the buy/sell reference prices and price factors for the 1994/95 gas contract year as set out in Appendix A to this Order. 2. Centra Gas is directed to file its reference prices for the 1995/96 gas contract year no later than October 1, 1995. 3. The Commission approves Centra Gas' request that the Unit Fixed Charge for the Vancouver Island and Sunshine Coast service area is to be paid only for deliveries which commence at the start of a gas contract year. .. ./2
2 4. The Commission approves the continuation of the deferral account set up by Order No. G-lOO-93 to record the incremental administration costs resulting from direct purchasing by the core market using buy/sell contracts and the administration fees under buy/sell contracts, with the disposition of the net amounts recorded to be considered at a future time. 5. The Commission approves the continuation of the deferral account set up by Order No. G-lOO-93 to record the differences between the payments for buy/sell purchases and the cost of buying an equivalent amount of gas under baseload contracts, with the disposition of the amounts recorded to be considered at a future time. The Commission advises that this method of dealing with uncertainties in the calculation of reference prices may be reviewed in the event that significant buy/sell activity develops. DATED at the City of Vancouver, in the Province of British Columbia, this day of December, 1994. BY ORDER Dr. Mark K. Jaccat'd Attach. Chairperson BCDC/Orders/CG-Final&Ref.Prices94/95
CENTRA GAS BRITISH COLUMBIA INC. VANCOUVER ISLAND AND SUNSHINE COAST SERVICE AREA 1994/95 BUY/SELL REFERENCE PRICING PRICE FACTOR Reference Price (RP) Unit Fixed Charge (UFC) Unit Commodity Charge (UCC) Unit Fuel Gas Charge, T - North (UFGC,TN) Unit Fuel Gas Charge, T - South (UFGC,TS) Motor fuel tax (1) Paid monthly on actual volumes from long term suppliers. (2) Supplier variable price estimates based on 12 month NYMEX Nov/Oct strip of $1.92 US/mmBtu @ October 24, 1994 UNIT FIXED CHARGE UFC = (TDC+WDC-PC-DB) I ACQ Total Demand Charges (TDC) WEI T-Service Demand Charges (WDC) Huntingdon Delivery Station #2 Delivery Producer Credits (PC) Deferral Balance (DB) Annual Contract Quantity (ACQ) UNIT COMMODITY CHARGE UCC =ACC I TPV Annual Commodity Charge (ACC) Total Purchase Volume (TPV) UNIT FUEL GAS CHARGE - T - NORTH UFGC,T - N = SUM(ISV * SFP) * WEI FUEL % I TDV Sum(lndividual Supplier Volumes (ISV) * Supplier Fuel Price (SFP WEI Fuel % Total Daily Purchase Volume (TDV) UNIT FUEL GAS CHARGE - T - SOUTH UFGC,T - S =SUM(ISV * SFP) * WEI FUEL % I TDV Sum(lndividual Supplier Volumes (ISV) * Supplier Fuel Price (SFP WEI Fuel % Total Daily Purchase Volume (TDV) Appendix A to Order No. G-94-94 DELIVERY HUNTINGDON STATION #2 ($/GJ) ($/GJ) ======== ======== $2.1562 $1.9425 ======== ======== $0.7074 $0.5348 $1.3868 $1.3868 (1) $0.0059 $0.0059 (1) $0.0411 $0.0000 $0.0150 $0.0150 HUNTINGDON STATION #2 $0.7074 $0.5348 3,878,102 3,878,102 2,138,149 670,249 o o 8,504,500 $1.387 11,353,105 8,186,547 $0.0059 26,349 0.50% 22,429 $0.0411 26,349 3.50% 22,429
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