SIXTH FLOOR, 900 HOWE STREET, BOX 250 VANCOUVER, B.C. V6Z 2N3 CANADA web site: http://www.bcuc.com IN THE MATTER OF the Utilities Commission Act, R.S.B.C. 1996, Chapter 473 and An Application by AltaGas Energy Limited Partnership For Renewal of a Gas Marketer Licence BEFORE: L.F. Kelsey, Commissioner P.E. Vivian, Commissioner O R D E R WHEREAS: A. On August 20, 2009 AltaGas Energy Limited Partnership (“AltaGas”) applied to the British Columbia Utilities Commission (“Commission”) for a renewal of its Gas Marketer Licence. The application for renewal of its Licence to Market Natural Gas (“Application”) included the payment of the $1,000 Application Fee and a $250,000 Letter of Credit, pursuant to items 2 and 3 respectively, of the Licence Requirements; and B. The Commission has reviewed AltaGas’ Application and relying upon the information and representations made by AltaGas, finds that renewal of its 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 AltaGas a Gas Marketer Licence for the period of September 10, 2009 to August 22, 2010. 2. The Gas Marketer Licence is subject to the following conditions: 2.1 AltaGas will carry out the undertakings as set out in the Application for a Licence to Market Natural Gas dated August 20, 2009 and the Rules for Gas Marketers. 2.2 AltaGas will comply with the Code of Conduct for Gas Marketers and Rate Schedule 36 of Terasen Gas Inc. BRIT I SH COLU MBIA UTIL I T I ES COMM I S S ION ORDER NUMBER A ‐10‐09 TELEPHONE: (604) 660‐4700 BC TOLL FREE: 1‐800‐663‐1385 FACSIMILE: (604) 660‐1102 September 10, 2009 …/2
2 2.3 AltaGas will maintain a Letter of Credit or acceptable substitute in full force and effect for the duration of the Licence. 2.4 AltaGas 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 AltaGas, amend or impose new terms and conditions on, suspend, or cancel 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 AltaGas will return these documents forthwith upon written request from the Commission. DATED at the City of Vancouver, in the Province of British Columbia, this 10 Attachment Orders/A‐10‐09_AltaGas Licence Renewal 2009 BRIT I SH COLUMBIA UTIL IT I ES COMMISS ION ORDER NUMBER A‐10‐09 th day of September 2009. BY ORDER Original signed by: L.F. Kelsey, Commissioner
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.