ORDER NO. G-19-97 SIXTH FLOOR, 900 HOWE STREET, BOX 250 a 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 Squamish Gas Co. Ltd. for Approval to Defer Natural Gas Rate Increase BEFORE: M.K. Jaccard, Chairperson; and ) L.R. Barr, Deputy Chairperson ) February 26, 1997 O R D E R WHEREAS: A. On February 26, 1997 Squamish Gas Co. Ltd. ("SquamishÊGas"), pursuant to the Special Direction, under the terms of the Vancouver Island Natural Gas Pipeline Act and the Squamish Rate Stabilization Agreement, filed for Commission approval an application to amend its schedule of rates for natural gas distribution service to retail customers located in its service area; and B. Pursuant to the Special Direction, Centra Gas British Columbia Inc.Ê(ÒCentraÊGasÓ) surveyed competitive fuel oil markets on Vancouver Island and reported that a change in rates charged to Pioneer Customers under its Closed Rate Schedules was required effective MarchÊ1, 1997; and C. The Squamish Gas Application adopts the same rate increase approved in Order No. G-18-97 for Centra Gas which requests that the rate increase be delayed and that it be placed into a deferral account; and D. The Commission has reviewed the Application and finds that approval of a deferral account for the MarchÊ1, 1997 rate adjustment for natural gas service to Squamish Gas customers is necessary and in the public interest. NOW THEREFORE the Commission orders Squamish Gas as follows: 1. The Commission approves and accepts for filing for Squamish Gas, changes to rate levels for natural gas service to Pioneer Customers (SGS-1, SGS-2, LGS-1, LGS-2, LGS-3 and CRR) effective MarchÊ1, 1997. . . . /2
2 2. The differential between current rates and the required increase in rate levels effective MarchÊ1, 1997 to Squamish Gas Pioneer Customers is to be placed into a deferral account. 3. The mid-month balance in the deferral account is to have the approved the short-term interest rate applied. 4. On June 1, 1997 Squamish Gas is to report to the Commission on the balance accumulated in the deferral account and the forecast for fuel oil prices over the remainder of the year. DATED at the City of Vancouver, in the Province of British Columbia, thisÊÊÊÊÊÊÊ12thÊÊÊÊÊÊÊday of March, 1997. BY ORDER Original signed by: Dr. Mark K. Jaccard Chairperson Order/SQG-Defer NG Incr
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