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ORDER NUMBER

E-20-16

 

IN THE MATTER OF

the Utilities Commission Act, R.S.B.C. 1996, Chapter 473

 

and

 

FortisBC Energy Inc.

Section 71 Filing for Acceptance of Natural Gas Supply Contracts for the Commodity and Midstream Portfolios for the 2016/17 Contract Year

 

BEFORE:

D. J. Enns, Commissioner

R. I. Mason, Commissioner

 

on December 7, 2016

 

ORDER

WHEREAS:

 

A.      On October 31, 2016, pursuant to section 71 of the Utilities Commission Act and section 6.0 of the Commission’s Rules for Natural Gas Energy Supply Contracts, FortisBC Energy Inc. (FEI) filed with the British Columbia Utilities Commission (Commission) for acceptance of the following:

                     i.            the Commodity Portfolio supply allocation between monthly and daily priced contracts as well as the monthly and daily market premiums for Commodity Portfolio baseload and seasonal transactions not yet accepted by the Commission (Commodity Portfolio Filing);

                   ii.            the Midstream Portfolio supply allocation between monthly and daily priced contracts as well as the monthly and daily market premiums for Midstream Portfolio seasonal transactions (Midstream Portfolio Filing). Newly executed storage and redelivery contracts previously accepted by the Commission were also referenced for informational purposes;

 

B.      By Letter L-20-16 dated August 4, 2016 the Commission accepted the FEI the 2016/17 Annual Gas Contracting Plan (ACP);

 

C.      FEI requested that the details of the Commodity Portfolio Filing and the Midstream Portfolio Filing (FEI Filings) be kept confidential for reasons of commercial sensitivity; and

 

D.      The Commission reviewed the FEI Filings and is satisfied that the Commodity Portfolio and Midstream Portfolio supply pricing allocations, the Commodity Portfolio and Midstream Portfolio gas supply contract prices are appropriate considering the market prices at the time they were negotiated, are consistent with the ACP, and in the public interest.

 

 

 

NOW THEREFORE pursuant to Section 71 of the Utilities Commission Act and the British Columbia Utilities Commission’s Rules for Natural Gas Energy Supply Contracts, the Commission accepts the natural gas contracts listed in Attachment A to this order. The Commission will keep the details of the FortisBC Energy Inc. Commodity and Midstream Portfolio Filings confidential as requested by FortisBC Energy Inc. as they contain commercially sensitive information.

 

 

DATED at the City of Vancouver, in the Province of British Columbia, this           8th           day of December 2016.

 

BY ORDER

 

Original signed by:

 

R. I. Mason

Commissioner

 

Attachment

 

 



 

 


 

 

 

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