SIXTH FLOOR, 900 HOWE STREET, BOX 250 VANCOUVER, B.C. V6Z 2N3 CANADA a IN THE MATTER OF the Utilities Commission Act, S.B.C. 1980, c. 60, as amended and An Application by Princeton Light and Power Company, Limited for Approval of Amendments to its Bank Credit Facilities BEFORE: M.K. Jaccard, Chairperson; and ) L.R. Barr, Deputy Chairperson O R D E R WHEREAS: A. On AprilÊ4, 1996 Princeton Light and Power Company, Limited ("PLP") applied for Commission approval to amend its bank credit facilities pursuant to SectionÊ57(2) of the Utilities Commission Act ("the Act"); and B. The new credit arrangements with the Canadian Imperial Bank of Commerce ("the Bank") will enable PLP to transfer $350,000 of existing short-term debt to a new long-term debt facility with the Bank; and C. The Commission has considered the Application and supporting material and finds that approval of the bank loan restructuring is necessary and in the public interest. NOW THEREFORE pursuant to SectionÊ57(2) of the Act, the Commission approves for PLP the transfer of $350,000 of short-term debt to a new long-term loan with the Bank. DATED at the City of Vancouver, in the Province of British Columbia, this ÊÊÊÊÊÊ19th ÊÊÊday of April, 1996. B R IT I S H C O L U M B I A U T IL I T IE S C O M M I S S I O N O R D ER N U M B ER G-34-96 TELEPHONE: (604) 660-4700 BC TOLL FREE: 1-800-663-1385 FACSIMILE: (604) 660-1102 ) April 18, 1996 BY ORDER Original signed by: Dr.ÊMark K. Jaccard Chairperson
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