BRITISH COL UMBIA UTILITIES COM MISSION ORDER NUMBER G -70-08 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 FortisBC Inc. to Flow-Through BC Hydro Power Purchase Interim Rate Increase BEFORE: L.F. Kelsey, Commissioner P.E. Vivian, Commissioner April 17, 2008 A.A. Rhodes, Commissioner O R D E R WHEREAS: A. Commission Order No. G-58-06 approved for FortisBC Inc. (“FortisBC” or “Company”) a Performance Based Regulation Settlement for the years 2007, 2008 and potentially 2009 (the “PBR Settlement”); and B. FortisBC in its 2008 Revenue Requirements Application sought approval to implement any British Columbia Hydro and Power Authority (“BC Hydro”) Power Purchase rate change in 2008 by way of a flow-through adjustment at the time of a Commission Decision approving a BC Hydro rate adjustment for 2008. Subsequently, Commission Order No. G-147-07 dated December 4, 2007, approved the Modified Settlement Agreement for FortisBC’s 2008 Revenue Requirements Application, which also included the proposed treatment of the BC Hydro Power Purchase rate change; and C. The Commission, by Order No. G-40-08 dated March 14, 2008, approved BC Hydro’s request for a refundable interim rate increase of 6.56 percent and a refundable interim decrease for its Deferral Account Rate Rider, from 2.0 percent to 0.5 percent, both effective April 1, 2008; and D. On April 11, 2008 FortisBC filed its application requesting approval of a 0.8 percent interim rate increase, effective May 1, 2008, that reflects the flow-through of the BC Hydro Power Purchase interim rate increase (“the Application”); and E. The Commission has reviewed the Application and considers that approval is warranted. …/2
NOW THEREFORE the Commission orders as follows: 1. The Commission approves the 0.8 percent refundable interim rate increase for FortisBC effective May 1, 2008. 2. The interim rate increase is subject to refund with interest calculated for the refund period at the average prime rate of the principal bank with which FortisBC conducts its business. 3. The Commission will accept, subject to timely filing, amended Electric Tariff Rate Schedules in accordance with the terms of this Order. DATED at the City of Vancouver, in the Province of British Columbia, this 18 Orders/ G-70-08 FortisBC Power Purchase Interim Rate BRITISH COLUMBIA UTILITIES COMMISSION ORDER NUMBER G-70-08 2 th day of April 2008. BY ORDER Original signed by: L.F. Kelsey Commissioner
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