LETTER NO. L‐65‐09
SIXTH FLOOR, 900 HOWE STREET, BOX 250
ERICA M. HAMILTON
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. 30403
VIA E‐MAIL
chad.painchaud@directenergy.com
mandy.lau@directenergy.com
September 1, 2009
Chad Painchaud
Compliance Manager,
Government and Regulatory Affairs
Suite 1000, 111 – 5
th
Avenue SW
Calgary, Alberta T2P 3Y6
Dear Mr. Painchaud:
Re: Direct Energy Marketing Limited (“DEML”)
Application for a Licence to Market Natural Gas – Financial Statements
The Commission is in receipt of DEML’s Application for a Licence to Market Natural Gas (“Application”) dated
August 19, 2009. The Commission notes that the Application indicates that DEML is a subsidiary of
Centrica plc.2 and the financial statements referenced in the Application are those of Centric plc., the parent
company.
Condition 2.4 of Commission Order A‐16‐08 notes that:
“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.”
The Commission requests that DEML provide the following information:
1. Please provide a report detailing the Working Capital and the Current Ratio of Current Assets to
Current Liabilities on a stand‐alone basis specifically for DEML on a month‐to‐month basis from
January 2007 to present.
2. The Chief Financial Officer must confirm that the financial information contained in the report has
been prepared by management in accordance with accounting principles generally accepted in
Canada and within the framework of the company’s significant accounting policies.
…/2
2
3. If the report demonstrates that DEML has not been in compliance with condition 2.4 of Commission
Order A‐16‐08, please indicate what action(s) the Commission should take as appropriate penalty or
remedy to the non‐compliance.
Please provide this information to the Commission on or before September 11, 2009.
Yours truly,
Original signed by:
Erica M. Hamilton
Orders/L‐65‐09_DEML_Financials_IR
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