B R I T I S H C O L U M B I A U T IL I T I E S C O M M I S S I O N O R D ER N U M B E R G-61-96 SIXTH FLOOR, 900 HOWE STREET, BOX 250 TELEPHONE: (604) 660-4700 VANCOUVER, B.C. V6Z 2N3 a 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 Princeton Light and Power Company, Limited to Amortize its Investment in Similkameen Hydro-Power Ltd. BEFORE: M.K. Jaccard, Chairperson; and ) L.R. Barr, Deputy Chairperson ) June 13, 1996 O R D E R WHEREAS: A. On JuneÊ1, 1992 the Commission, by Order No.ÊG-48-92, approved for PLP the disposition of its utility interest in the Similkameen River Hydro Project and identified the $120,397 expenditures as a non-rate base investment, pending future review and order by the Commission; and B. On MayÊ24, 1996 Princeton Light and Power Company, Limited (ÒPLPÓ) advised the Commission that it will realize a recovery of $32,159 by selling its share holdings in Similkameen Hydro-Power Ltd.Ê(ÒSHPÓ) leaving a balance of unrecoverable costs amounting to $88,238 and filed an application for Commission approval to amortize the unrecoverable costs over 60Êmonths; and C. The Commission has reviewed the Application and finds that a write-off of the investment in SHP is in the public interest. NOW THEREFORE the Commission orders as follows: 1. The Commission approves for PLP the amortization of the unrecovered investment in SHP of $88,238. 2. The Commission will not approve for PLP an increase in rates to utility customers for recovery of the write-off of the investment in SHP. DATED at the City of Vancouver, in the Province of British Columbia, this ÊÊÊÊÊÊÊÊÊ19thÊÊÊÊÊÊday of June, 1996. BY ORDER Original signed by: Dr.ÊMark K. Jaccard Chairperson Order/PLP-CstRcvySimilkameen
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