5 SIXTH FLOOR, 900 HOWE STREET, BOX 250 VANCOUVER, B.C. V6Z 2N3 BC TOLL FREE: 1-8CI0-6'63-11385 CANADA FACSIMILE: (604) 660-1102 IN THE MATTER OF the Utilities Commission Act, S.B.C. 1980, c. 60, as amended and An Application by ECNG Inc. for Approval of an Agents/BrokerslMarketers Licence BEFORE: M.K. Jaccard, Chairperson; and ) L.R. Barr, Deputy Chairperson ) November 2, 1995 ORDER WHEREAS: A. On October 16, 1995 ECNG Inc. ("ECNG") applied to the Commission for approval of an Agents/BrokerslMarketers Licence ("AlB/M Licence"); and B. The Application was made pursuant to the Commission's March 11, 1993 Decision on Domestic Natural Gas Supply Rules which requires that any person intending to act in the capacity of an Agent/Broker/Marketer to provide advice to, or act on behalf of, core market consumers purchasing gas directly in the Province of British Columbia, obtain an A/BIM Licence from the Commission; and C. ECNG filed with the Commission an Irrevocable Standby Letter of Credit dated October 31, 1995 with the Royal Bank of Canada in the amount of $250,000 that is to be used to guarantee the performance of ECNG's gas supply contracts; and D. The Commission has reviewed the Application by ECNG and, relying upon the information and representations made by ECNG contained in the Application, finds that approval of an A/B/M Licence, subject to conditions, is required. NOW THEREFORE the Commission orders as follows: 1.0 The Commission issues to ECNG an A/B/M Licence for the period up to and including October 31, 1996. 2.0 The AlBIM Licence is issued subject to the following conditions: 2.1 ECNG will carry out the undertakings set out in Section 19 of its October 16, 1995 Application; 2.2 ECNG will comply with the approved AlBIM Code of Conduct; 2.3 ECNG will maintain the Performance Bond in full force and effect for the duration of the A/B/M Licence; .. ./2
2 2.4 ECNG will maintain a Working Capital position of at least $50,000 and a Current Ratio of current assets to current liabilities of at least 1.10; 2.5 The Commission may, at any time and without prior notice to ECNG, withdraw the AlB/M Licence for reasons the Commission, in its sole discretion, deems and considers sufficient; and 2.6 The A/BIM Licence and all copies of it shall remain the property of the Commission and ECNG will return these documents forthwith upon written request from the Commission. DATED at the City of Vancouver, in the Province of British Columbia, this Commission ORDERJECNG ABM Lie,A-6-95 day of November, 1995. BY ORDER Dr. Mark K. Jaccar'd Chairperson
sr' C0l..t./ ~\ ~ 1?Q> g~ ..~~<t~ -~~ ~;~~ 2: C, ~~t~ ", -" ~ '/ ~G /'. /s-s co\J\~\ AGENTS/BROKERS/MARKETERS LICENCE ECNG INC, is granted a licence for the purpose of providing advice to, or acting on behalf of, core market customers purchasing gas directly in the Province ofBritish Columbia subject to the terms and conditions contained in Commission Order No. A-6-95, which are set out on the reverse of the Licence. BRITISH COLUMBIA UTILITIES COMMISSION DATE: NOVEMBER 2, 1995 EXPIRES: NOVEMBER 1, 19960 CERTIFICATE A-6-95 ". 9 . , -. .. ~ " r r";:--. : ; J CHAIRPERSON
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