LETTER NO. L-28-03 ROBERT J. PELLATT SIXTH FLOOR, 900 HOWE STREET, BOX 250 COMMISSION SECRETARY VANCOUVER, B.C. CANADA V6Z 2N3 Commission.Secretary@bcuc.com TELEPHONE: (604) 660-4700 web site: http://www.bcuc.com BC TOLL FREE: 1-800-663-1385 FACSIMILE: (604) 660-1102 Log No. 3427 VIA FACSIMILE (604) 592-7890 June 25, 2003 Mr. Scott Thomson Vice President Finance and Regulator Affairs Terasen Gas Inc. 16705 Fraser Highway Surrey, B.C. V3S 2X7 Dear Mr. Thomson: Re: Terasen Gas Inc. (“Terasen Gas”) Second Quarter 2003 Report Gas Cost Flow-Through and Gas Cost Reconciliation Account Guidelines Terasen Gas’ Second Quarter 2003 Report dated June 6, 2003 indicated, pursuant to the Guidelines outlined in Letter No. L-5-01, that a rate change is not required. The forward and actual monthly index prices for Sumas, AECO and Station No. 2 remain very volatile and the GCRA levels in the short term (March 1, 2003 and June 30, 2003) are lower than anticipated. Based on the May 29, 2003 Sumas forward prices, the rate change trigger mechanism is within the 95 percent to 105 percent deadband. Therefore, the Commission accepts Terasen Gas’ recommendations that a rate change is not required at this time. Yours truly, Original signed by: Robert J. Pellatt RB/yl TGI/Cor/GCRA Rider-July Rates
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