LETTER NO. L-44-03 SIXTH FLOOR, 900 HOWE STREET, BOX 250 ROBERT J. PELLATT VANCOUVER, B.C. CANADA V6Z 2N3 COMMISSION SECRETARY TELEPHONE: (604) 660-4700 Commission.Secretary@bcuc.com BC TOLL FREE: 1-800-663-1385 web site: http://www.bcuc.com FACSIMILE: (604) 660-1102 Log No. 4067 VIA FACSIMILE 604-592-7890 September 22, 2003 Mr. Scott Thomson Vice President, Finance and Regulatory Affairs Terasen Gas Inc. 16705 Fraser Highway Surrey, BC V3S 2X7 Dear Mr. Thomson: Re: Terasen Gas Inc. Third Quarter 2003 Report Gas Cost Flow-Through and Gas Cost Reconciliation Account Guidelines Terasen Gas’ Third Quarter 2003 Report dated September 9, 2003 indicated that a rate change is not required, pursuant to the Guidelines outlined in Letter No. L-5-03. The forward and actual monthly index prices for Sumas, AECO and Station 2 remain volatile and the GCRA levels in the short term (April 1, 2003 to June 30, 2003) were lower than anticipated. Based on the current forward prices, the rate change trigger mechanism is within the 95 percent to 105 percent deadband pursuant to the Guidelines. Therefore, the Commission accepts Terasen Gas’ recommendations that a rate change is not required at this time for the Lower Mainland, Inland and Columbia natural gas divisions. Yours truly, Original signed by: Robert J. Pellatt cms TGI/Cor/GCRA 3rdQrtr Rates
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