SIXTH FLOOR, 900 HOWE STREET, BOX 250 VANCOUVER, B.C. V6Z 2N3 CANADA web site: http://www.bcuc.com IN THE MATTER OF the Utilities Commission Act, R.S.B.C. 1996, Chapter 473 and An Application by Aquila Networks Canada (British Columbia) Ltd. for Approval to Issue Series J Debentures BEFORE: P. Ostergaard, Chair R.D. Deane, Commissioner ) K.L. Hall, Commissioner N.F. Nicholls, Commissioner O R D E R WHEREAS: A. On June 17, 2002, Aquila Networks Canada (British Columbia) Ltd. (“Aquila”) applied pursuant to Section 50 of the Utilities Commission Act (“the Act”), for approval in principle to issue a new series of debentures in the amount of $50 million, identified as Series J. The issue has a maturity date of July 31, 2009 and will be used to reduce floating rate debt and bank lines of credit; and B. On June 28, 2002, the Commission issued Letter No. L-28-02 approving in principle the proposed financing application, subject to final approval by the Board of Directors and application by Aquila; and C. On July 16, 2002, Aquila submitted a certified true copy of a Resolution of the Board of Directors of Aquila approving the Series J Debenture issue, together with a copy of the Supplemental Indenture, and requested the Commission give final approval to issue the debentures; and D. The Commission has reviewed the Application and supporting material and approves the terms thereof. NOW THEREFORE pursuant to Section 50 of the Act, the Commission approves for Aquila the issue of Series J Debentures in the amount of $50 million at an interest rate of 6.75 percent issued at a discount to yield 6.762 percent and a term of 7 years. DATED at the City of Vancouver, in the Province of British Columbia, this 18 Orders/Aquila-Series JB R I T I S H C O L U 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 ER G-51-02 TELEPHONE: (604) 660-4700 BC TOLL FREE: 1-800-663-1385 FACSIMILE: (604) 660-1102 ) ) July 18, 2002 ) th day of July 2002. BY ORDER Original signed by: Peter Ostergaard Chair
You are being directed to the most recent version of the statute which may not be the version considered at the time of the judgment.