B R I T IS H C O L U M B I A U T I L IT I E S C O M M IS S I ON O R D E R N U M B E R A-2-97 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, R.S.B.C. 1996, Chapter 473 and An Application by Enershare Technology Corporation for Renewal of an Agents/Brokers/Marketers Licence BEFORE: L.R. Barr, Deputy Chair ) and Acting Chair ) November 12, 1997 K.L. Hall, Commissioner ) F.C. Leighton, Commissioner ) O R D E R WHEREAS: A. On OctoberÊ28, 1997 Enershare Technology Corporation ("Enershare") applied to the Commission for renewal of its Agents/Brokers/Marketers LicenceÊ("A/B/MÊLicence") for the period ending OctoberÊ31, 1998; and B. The Application was made pursuant to the Commission's MarchÊ11, 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 A/B/M Licence from the Commission; and C. Enershare filed with the Commission a Renewal or Continuation Certificate of Surety Performance Bond Number 114163 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 to NovemberÊ1, 1998; 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/B/M Licence, subject to conditions, is required. NOW THEREFORE the Commission orders as follows: 1.0 The Commission issues to Enershare an A/B/M Licence for the period up to and including OctoberÊ31, 1998. 2.0 The A/B/M Licence is issued subject to the following conditions: 2.1 Enershare will carry out the undertakings set out in SectionÊ19 of its OctoberÊ28, 1997 Application; 2.2 Enershare will comply with the approved A/B/M Code of Conduct; . . . /2
2.3 Enershare will maintain the Performance Bond in full force and effect for the duration of the A/B/M Licence; 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 A/B/M Licence for reasons the Commission, in its sole discretion, deems and considers sufficient; and 2.6 The A/B/M 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 ÊÊÊ12thÊÊÊÊday of November, 1997. ORDERS/Enershare-ABM RenewLicB 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 IS S I O N O R D E R N U M B E R A-2-97 2 BY ORDER Original signed by: Lorna R. Barr Deputy Chair and Acting Chair
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