ORDER NUMBER
E-28-18
IN THE MATTER OF
the Utilities Commission Act, RSBC 1996, Chapter 473
and
FortisBC Energy Inc.
Section 71 Filing of Natural Gas Supply Contracts for the Commodity and Midstream Portfolios
BEFORE:
B. A. Magnan, Commissioner
D. J. Enns, Commissioner
on December 20, 2018
ORDER
WHEREAS:
A. On October 31, 2018, pursuant to section 71 of the Utilities Commission Act (UCA) and section 6.0 of the British Columbia Utilities Commission’s (BCUC) Rules for Natural Gas Energy Supply Contracts that are set out in Appendix A to BCUC Order G-130-06, FortisBC Energy Inc. (FEI) filed for acceptance with the BCUC natural gas supply contracts for the commodity and midstream portfolios that have been transacted for the period 2018/19 including applicable transactions that were completed outside the 2018/19 gas contracting year (for a period not exceeding three years) (Filing);
B. FEI request acceptance of the following:
i. the commodity term supply allocation between monthly and daily priced contracts as well as the monthly and daily market premiums for commodity baseload and seasonal transactions not yet accepted by the BCUC;
ii. the midstream supply allocation between monthly and daily priced contracts as well as the monthly and daily market premiums for midstream seasonal transactions, and newly executed and approved storage and transportation contracts were also referenced for informational purposes;
iii. The commodity and midstream transactions that were completed outside the 2018/19 gas contracting year (for a period not exceeding three years).
C. By letter L-19-18 dated July 23, 2018, the BCUC accepted FEI’s 2018/2019 Annual Contracting Plan (2018/19 ACP);
D. FEI requests that the Filing and associated documents remain confidential due to their commercially sensitive nature; and
E. The BCUC reviewed the Filing and is satisfied that the contracts are consistent with the 2018/19 ACP, the market factors are appropriate considering market prices at the time they were negotiated and the contracts are in the public interest.
NOW THEREFORE pursuant to section 71 of the UCA and the BCUC Rules for Natural Gas Energy Supply Contracts, the BCUC accepts the natural gas contracts shown in Appendix A to this order .The BCUC will hold the details of the Filing and associated documents confidential as requested by FEI as they contain commercially sensitive information.
DATED at the City of Vancouver, in the Province of British Columbia, this 20th day of December 2018.
BY ORDER
Original signed by:
B. A. Magnan
Commissioner
Attachment
FortisBC Energy Inc.
Section 71 Filing of Natural Gas Supply Contracts for the Commodity and Midstream Portfolios