BRITISH COL UMBIA UTILITIES COM MISSION ORDER NUMBER G -156-07 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 Terasen Gas (Whistler) Inc. regarding Propane Commodity Charges effective January 1, 2008 BEFORE: L.F. Kelsey, Commissioner P.E. Vivian, Commissioner December 13, 2007 O R D E R WHEREAS: A. On December 10, 2007 Terasen Gas (Whistler) Inc. (“Terasen Whistler”) filed its 2007 Fourth Quarter Gas Cost Report; and B. Using an average propane price forecast based on the sum of 50 percent of the December 7, 2007 NYMEX WTI Light Sweet Crude Oil futures prices and 50 percent of the December 7, 2007 NYMEX Mt. Belvieu Propane futures prices, and based on the existing rates, the projected pre-tax deferral account deficit balance at December 31, 2007 of $628,772 is forecast to change to a pre-tax deficit balance of $1,972,652 at December 31, 2008. The rate change trigger mechanism was calculated to be 85.2 percent, which does not fall within the deadband range of 95 percent to 105 percent; and C. Terasen Whistler requests a commodity rate increase, via Rate Rider A, from $5.336 per gigajoule to $8.018 per gigajoule corresponding to a rate increase of $2.682 per gigajoule effective January 1, 2008. This equates to an increase of approximately $241 or 13.3 percent in the annual bill of a typical residential customer, based on consumption of 90 gigajoules annually; and D. The Commission concludes that the requested change to Rate Rider A for Terasen Whistler is necessary at this time. NOW THEREFORE pursuant to Section 61(4) of the Utilities Commission Act, the Commission approves an increase in Rate Rider A of $2.682 per gigajoule to $8.108 per gigajoule in Rate Rider A for Whistler customers, effective January 1, 2008. Terasen Whistler will inform all customers affected by the rate change. DATED at the City of Vancouver, in the Province of British Columbia, this 14 th day of December 2007. BY ORDER Original signed by: L.F. Kelsey Commissioner Order/G-156-07_TGW-Fourth Quarter Propane Rates
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