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 Central Heat Distribution Limited for Approval of Long-Term Debt Financing BEFORE: L.F. Kelsey, Commissioner K.L. Hall, Commissioner O R D E R WHEREAS: A. On March 30, 2004, Central Heat Distribution Limited (“CHDL”) filed with the Commission, pursuant to Section 50(2) of the Utilities Commission Act (“the Act”), for approval to fix the terms of $5 million of long-term debt for a term of five years (“the Application”); and B. On April 5, 2004, CHDL provided supporting information revising the Application to include an estimated interest rate of 5.63 percent; and C. On April 15, 2004, CHDL advised the Commission about delays in completing the financing documents and requested an extension to the Application; and D. On April 20, 2004 CHDL provided supporting information revising the Application to include an interest rate of 6.12 percent; and E. The Commission has reviewed the Application, as revised, together with the supporting information. NOW THEREFORE the Commission approves for CHDL the fixing of $5 million of debt with the Royal Bank of Canada for a term of five years at an interest rate of 6.12 percent. DATED at the City of Vancouver, in the Province of British Columbia, this 20 Orders/CHDL_Long-Term Debt Financing BRITISH COL UMBIA UTILITIES COM MISSION ORDER N G UMBER -33-04 TELEPHONE: (604) 660-4700 BC TOLL FREE: 1-800-663-1385 FACSIMILE: (604) 660-1102 ) ) April 20, 2004 th day of April 2004. BY ORDER Original signed by: Len F. Kelsey Commissioner
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