ORDER NUMBER
G-184-16
IN THE MATTER OF
the Utilities Commission Act, RSBC 1996, Chapter 473
and
Creative Energy Vancouver Platforms Inc.
Application for Approval of Credit Facilities
BEFORE:
D. M. Morton, Commissioner
D. J. Enns, Commissioner
H. G. Harowitz, Commissioner
M. Kresivo, Commissioner
R. D. Revel, Commissioner
on December 8, 2016
ORDER
WHEREAS:
A. On November 10, 2016, Creative Energy Vancouver Platforms Inc. (Creative Energy) filed an application with the British Columbia Utilities Commission (Commission) for approval of the credit facility agreement dated September 6, 2016 with the Royal Bank of Canada (RBC), pursuant to sections 50(2) and 50(3) of the Utilities Commission Act (Application);
B. On December 10, 2015, by way of Order G-195-15, the Commission approved the prior credit facility agreement between Creative Energy and RBC dated November 3, 2015;
C. The credit facility agreement in the Application amends and restates the existing agreement approved by Order G-195-15; and
D. The Commission has reviewed the Application and considers that approval of the credit facility agreement with RBC dated September 6, 2016 is warranted.
NOW THEREFORE pursuant to section 50 of the Utilities Commission Act, the British Columbia Utilities Commission orders as follows:
1. The Creative Energy Vancouver Platforms Inc. application to amend and restate the credit facility agreement with the Royal Bank of Canada is approved as set forth in the Application.
2. Creative Energy Vancouver Platforms Inc. must file with the Commission a copy of the final executed credit facility agreement within ten days of its execution by Creative Energy.
DATED at the City of Vancouver, in the Province of British Columbia, this 8th day of December 2016.
BY ORDER
Original signed by:
D. M. Morton
Commissioner