G-33-95 SIXTH FLOOR, 900 HOWE STREET, BOX 250 TELEPHONE: (604) 660-4700 VANCOUVER, B.C. V6Z 2N3 Be 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 BC Gas Utility Ltd. for Approval to Pass-Through Corporate Tax Rate Increases BEFORE: M.K. Jaccard, Chairperson; and ) K.L. Hall, Commissioner ) April 13, 1995 ORDER WHEREAS: A. On April 5, 1995 BC Gas Utility Ltd. ("BC Gas"), applied to the Commission pursuant to Section 67(4) of the Utilities Commission Act, for approval to pass-through corporate tax increases namely: corporate surtax levied on the basic federal corporate income tax from 3 percent to 4 percent, and the Large Corporations Tax rate increase from 0.2 percent to 0.225 percent; and B. BC Gas advised the Commission that its 1994 actual property tax expense was $610,068 less than the amount forecasted, due to lower 1994 assessed property values and mill rates, and requested approval to offset the increases in corporation taxes with the lower 1994 property tax payments; and C. 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 the BC Gas application to offset higher corporate taxes with lower actual property taxes that were incurred in 1994. 2. The difference of approximately $44,000 is to be recorded in a deferral account for future disposition by the Commission. DATED at the City of Vancouver, in the Province of British Columbia, this day of April, 1995 BY ORDER Dr. Mark K. Jaccm:'d Chairperson ORDERSIBCG-PassThruCorpTaxlncr
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