IN THE MATTER OF
the Utilities Commission Act, R.S.B.C. 1996, Chapter 473
and
An Application by Terasen Gas Inc.
for Approval of the Special Provisions
for the Nexen Marketing GasEDI Base Contract
BEFORE: L.F. Kelsey, Commissioner
D.A. Cote, Commissioner
N.E. MacMurchy, Commissioner February 3, 2011
D. Morton, Commissioner
O R D E R
WHEREAS:
A. On August 26, 2010, the British Columbia Utilities Commission (Commission), by Letter L-62-10, accepted the Terasen Gas Inc. (Terasen Gas) 2010/11 Annual Gas Contracting Plan;
B. On January 11, 2011, Terasen Gas filed with the Commission a fully executed copy of a GasEDI Base Contract with amendments called, “Standard Provisions of the GasEDI contract for Short Term Sale and Purchase of Natural Gas General Terms and Conditions” negotiated between Terasen Gas and Nexen Marketing;
C. Terasen Gas uses the GasEDI Base Contract dated October 26, 2000 for natural gas contracting. The Special Provisions for each gas transaction is confirmed via a deal sheet described in section 9 of the GasEDI Standard Contract;
D. Terasen Gas has requested that the details of the subject filing be kept confidential for the reasons of commercial sensitivity set out in the filing;
E. The Commission has reviewed the Terasen Gas filing and is satisfied that the Special Provisions to the GasEDI Base Contract for Short Term Sale and Purchase of Natural Gas between Terasen Gas and Nexen Marketing is consistent with the Annual Gas Contracting Plan.
NOW THEREFORE pursuant to section 71 of the Utilities Commission Act and the Commission’s Rules for Natural Gas Energy Supply Contracts, the Commission accepts for filing the executed copy of the Special Provisions of the Gas EDI Base Contract negotiated between Terasen Gas Inc. and Nexen Marketing for the Short Term Sale and Purchase of Natural Gas. The Commission will keep confidential the Nexen Marketing Agreement identified in this Order.
DATED at the City of Vancouver, in the Province of British Columbia, this 4th day of February 2011.
BY ORDER
Original signed by:
L.F. Kelsey
Commissioner