B R IT I S H C O LU M B I A U T I L IT I E S C O M M I S S I O N O R D E R N U M B E R G-125-01 SIXTH FLOOR, 900 HOWE STREET, BOX 250 VANCOUVER, B.C. V6Z 2N3 CANADA TELEPHONE: (604) 660-4700 web site: http://www.bcuc.com BC TOLL FREE: 1-800-663-1385 FACSIMILE: (604) 660-1102 IN THE MATTER OF the Utilities Commission Act, R.S.B.C. 1996, Chapter 473 and An Application by BC Gas Utility Ltd. for Approval to Issue Medium Term Note Debentures BEFORE: P. Ostergaard, Chair ) B.L. Clemenhagen, Commissioner ) November 22, 2001 K.L. Hall, Commissioner ) N.F. Nicholls, Commissioner ) O R D E R WHEREAS: A. On November 8, 2001, BC Gas Utility Ltd. (“BC Gas”) applied to the Commission pursuant to Section 50(2) of the Utilities Commission Act (“the Act”) for approval to renew Order No. G-119-99, as amended by Order No. G-41-01, authorizing BC Gas to issue up to $500 million Medium Term Note (“MTN”) Debentures until November 30, 2003 (“the Application”); and B. Order No. G-119-99 approved the issuance of up to $500 million of MTN Debentures with maturities in the range of one to ten years, with interest rates set at the time of issue; and C. The Commission has reviewed the Application and supporting material and finds that approval of the Application is necessary and in the public interest. NOW THEREFORE the Commission orders as follows: 1. The Commission approves for BC Gas the authority to issue up to $500 million MTN Debentures from time-to-time, effective from the date of this Order until the end of November 2003, pursuant to Section 50(2) of the Act. 2. BC Gas shall continue to file with the Commission within one week of issue, a pricing supplement for each MTN Debenture issued. DATED at the City of Vancouver, in the Province of British Columbia, this 28 th day of November 2001. BY ORDER Original signed by: Peter Ostergaard Chair Orders/BCG MTN Debenture
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