BRIT ISH COLUMBIA UTIL IT IES COMMISS ION ORDER NUMBER E‐15‐09 SIXTH FLOOR, 900 HOWE STREET, BOX 250 VANCOUVER, B.C. V6Z 2N3 CANADA TELEPHONE: (604) 660‐4700 web site: http://www.bcuc.com BC TOLL FREE: 1‐800‐663‐1385 FACSIMILE: (604) 660‐1102 IN THE MATTER OF the Utilities Commission Act, R.S.B.C. 1996, Chapter 473 and A Filing by Stargas Utility Ltd. Gas Supply Purchase Pursuant to Approved Natural Gas Supply Contract BEFORE: A. A. Rhodes, Commissioner A. J. Pullman, Commissioner November 5, 2009 O R D E R WHEREAS: A. The British Columbia Utilities Commission (the “Commission”), by Order C‐4‐00, approved a Certificate of Public Convenience and Necessity for Stargas Utility Ltd. (“Stargas”) to operate a natural gas distribution system at the resort community of Silver Star; and B. On July 10, 2009 Stargas filed an Application for Acceptance of a Price Mitigation Strategy locking in gas commodity prices for 2009/10 and 2010/11; and C. On July 23, 2009 the Commission issued Letter L‐52‐09 accepting Stargas’ application for acceptance of a Price Mitigation Strategy locking in gas commodity prices for 2009/10 and 2010/11; and D. Letter L‐52‐09 required (amongst other things) Stargas to file any new physical supply contract(s) pursuant to section 71 of the Utilities Commission Act and to the extent Stargas locks in a gas price(s) the filing must include justification that the fixed price(s) is(are) competitive relative to current forward prices when the arrangement(s) was(were) entered into; and E. On July 29, 2009 Stargas applied for Commission approval to decrease delivery and commodity rates, effective November 1, 2009. Stargas also requested approval of a new term loan (the “Refinancing Application”), the amortization of various deferral accounts, the establishment of income tax deferral account and a new gas supply contract (the “Application”); and F. The Commission, by Order E‐13‐09, accepted the new Gas Supply Contract filed on July 29, 2009; and . . . /2
BRIT ISH COLUMBIA UTIL IT IES COMMISS ION ORDER NUMBER E‐15‐09 2 G. On October 27, 2009 Stargas filed a Gas Purchase Transaction Confirmation pursuant to an approved Gas Supply Contract. NOW THEREFORE following review of the Gas Supply Contract filed by Stargas as part of the Application, the Commission orders as follows: 1. The filed Gas Purchase Transaction Confirmation (Schedule A.001 dated October 26, 2009) is accepted. 2. Stargas will file any additional transaction confirmation “Schedules” to the Gas Supply Contract with the Commission for acceptance in accordance with the requirements of Letter L‐52‐09. DATED at the City of Vancouver, in the Province of British Columbia, this 5 th day of November 2009. BY ORDER Original signed by: A. A. Rhodes Commissioner Orders/E‐15‐09_Stargas‐Gas Supply Contract
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