A-5-95 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 IN THE MATTER OF the Utilities Commission Act, S.B.C. 1980, c. 60, as amended and An Application by Enershare Technology Corporation for Approval of an Agents/Brokers/Marketers Licence BEFORE: M.K. Jaccard, Chairperson; and ) L.R. Barr, Deputy Chairperson ) November 2, 1995 ORDER WHEREAS: A. On October 6, 1995 Enershare Technology Corporation ("Enershare") applied to the Commission for approval of an AgentslBrokers/Marketers Licence ("AlBIM 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 AlBIM Licence from the Commission; and C. Enershare filed with the Commission a surety performance bond dated September 20, 1995 with London Guarantee Insurance Company in the amount of $250,000 that is to be used to guarantee the performance of Enershare's gas supply contracts; and D. The Commission has reviewed the Application by Enershare and, relying upon the information and representations made by Enershare contained in the Application, finds that approval of an A/BIM Licence, subject to conditions, is required. NOW THEREFORE the Commission orders as follows: 1.0 The Commission issues to Enershare an AlB/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 Enershare will carry out the undertakings set out in Section 19 of its October 6, 1995 Application; 2.2 Enershare will comply with the approved AlBIM Code of Conduct; 2.3 Enershare will maintain the Performance Bond in full force and effect for the duration of the AlBIM Licence; .. ./2
2 2.4 Enershare 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 Enershare, 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 Enershare 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 ORDERlEnershareABM Lie.A-5-95 day of November, 1995. BY ORDER Dr. Mark K. Jactar'd Chairperson
co~ CO/..{j ~\ ~ ~~ ~~· -: ~ t ~ ~ -+~~ s ~;~~ .~~ ::. 02: /.~ ~, CERTIFICATE A-5-95 :; ., 'G9.. r-. '/~ -.. C:;J /~s"~'~~~\ AGENTS/BROKERS/MARKETERS LICENCE ENERSHARE TECHNOLOGY CORPORATION is granted a licence for the purpose ofproviding 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-5-95, which are set out on the reverse of the Licence. BRITISH COLUMBIA UTILITIES COMMISSION ~~L~p 7- C~IRPERSON DATE: NOVEMBER 2, 1995 EXPIRES: NOVEMBER 1, 1996
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