BRITISH COL UMBIA UTILITIES COM MISSION ORDER NUMBER A -26-07 SIXTH FLOOR, 900 HOWE STREET, BOX 250 TELEPHONE: (604) 660-4700 VANCOUVER, B.C. V6Z 2N3 CANADA BC TOLL FREE: 1-800-663-1385 web site: http://www.bcuc.com FACSIMILE: (604) 660-1102 IN THE MATTER OF the Utilities Commission Act, R.S.B.C. 1996, Chapter 473 and An Application by Direct Energy Marketing Ltd. for a Gas Marketer Licence BEFORE: L.F. Kelsey, Commissioner P.E. Vivian, Commissioner October 25, 2007 O R D E R WHEREAS: A. On October 19, 2007 Direct Energy Marketing Ltd. (“DEML”) applied to the Commission to renew its Gas Marketer Licence. The application included the payment of the $1,000 application fee and a $250,000 Letter of Credit pursuant to the requirements of Item 3 of the Licence application form; and B. DEML is operating under the name Direct Energy Business Services for commercial customers and Direct Energy for residential customers; and C. The Commission has reviewed DEML’s application and relying upon the information and representations made by DEML, finds that approval of a Gas Marketer Licence subject to conditions is warranted. NOW THEREFORE pursuant to section 71.1(6) of the Utilities Commission Act the Commission orders as follows: 1. The Commission issues to DEML a Gas Marketer Licence for the period November 1, 2007 to October 31, 2008. . . ./2
2 2. The Licence is subject to the following conditions: 2.1 DEML will carry out the undertakings as set out in the application for a Licence to Market Natural Gas dated February 28, 2007 and the Rules for Gas Marketers. 2.2 DEML will comply with the Code of Conduct for Gas Marketers and Rate Schedule 36 of Terasen Gas Inc. 2.3 DEML will maintain a Letter of Credit or acceptable substitute in full force and effect for the duration of the Licence. 2.4 DEML will maintain a Working Capital position of at least $50,000 and a Current Ratio of current assets to current liabilities of at least 1.10. 2.5 The Commission may, at any time and without prior notice to DEML, withdraw the Gas Marketer Licence for reasons the Commission, in its sole discretion, deems and considers sufficient. 2.6 The Gas Marketer Licence and all copies of it shall remain the property of the Commission and DEML will return these documents forthwith upon written request from the Commission. DATED at the City of Vancouver, in the Province of British Columbia, this 29 Attachment Order/A-26_Direct Energy Licence Renewal - 2008 BRITISH COLUMBIA UTILITIES COMMISSION ORDER NUMBER A-26-07 th day of October 2007. BY ORDER Original signed by L.F. Kelsey Commissioner
LICENCE NO. A-26-07 GAS MARKETER LICENCE Direct Energy Marketing Limited Operating as: Direct Energy Business Services (Commercial Customers) Direct Energy (Residential Customers) is granted a licence for the purpose of providing advice to, or acting on behalf of, a low volume consumer (1) purchasing gas directly in the Province of British Columbia subject to the terms and conditions contained in Commission Order No. A-26-07, which are set out in the reverse of the Licence. BRITISH COLUMBIA UTILITIES COMMISSION Original signed by _______________________________________ L.F. Kelsey, Commissioner ISSUED: November, 2007 EXPIRES: October 31, 2008 (1) As described in the Rules for Gas Marketers.
The Licence is subject to the following conditions: 2.1 DEML will carry out the undertakings as set out in the application for a Licence to Market Natural Gas dated February 28, 2007 and the Rules for Gas Marketers. 2.2 DEML will comply with the Code of Conduct for Gas Marketers and Rate Schedule 36 of Terasen Gas Inc. 2.3 DEML will maintain a Letter of Credit or acceptable substitute in full force and effect for the duration of the Licence. 2.4 DEML will maintain a Working Capital position of at least $50,000 and a Current Ratio of current assets to current liabilities of at least 1.10. 2.5 The Commission may, at any time and without prior notice to DEML, withdraw the Gas Marketer Licence for reasons the Commission, in its sole discretion, deems and considers sufficient. 2.6 The Gas Marketer Licence and all copies of it shall remain the property of the Commission and DEML will return these documents forthwith upon written request from the Commission.
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