LETTER NO. L-34-06
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. 14955, 15114
VIA E-MAIL
regulatory.affairs@terasengas.com
July 6, 2006
Mr. Scott Thomson
Vice President, Finance and Regulatory Affairs
and Chief Financial Officer
Terasen Gas Inc.
16705 Fraser Highway
Surrey, BC V3S 2X7
Dear Mr. Thomson:
Re: Terasen Gas (Whistler) Inc.
2006/07 Winter Hedge and Storage Plan
On May 30, 2006, Terasen Gas (Whistler) Inc. (“Terasen Whistler”) filed its 2006/07 Winter Hedge and Storage
Plan and subsequently filed a revision on June 13, 2006 that changed the implementation plan schedule identified
in Table No. 2, page 5.
The Commission accepts the Terasen Whistler 2006/07 Winter Hedge and Storage Plan but directs Terasen
Whistler to provide evidence that the storage purchases were consistent with summer spot prices and winter fixed
prices at the time of the transaction are consistent with the propane forward prices. In order to demonstrate the
effectiveness of winter hedging plans for Whistler, please provide a report by May, 2007 that identifies the
financial outcomes of the plans from 2004 to 2007 and an analysis to demonstrate that the objectives of the plan
have been met.
Yours truly,
Original signed by
Robert J. Pellatt
RB/dg
TGW/Cor/Winter Hedge & Storage Plan 2006/07
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.