ORDER NUMBER
E-25-21
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, Panel Chair
T. A. Loski, Commissioner
R. I. Mason, Commissioner
A. Pape-Salmon, Commissioner
on December 2, 2021
ORDER
WHEREAS:
A. On October 28, 2021, 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 established in Appendix A to BCUC Order G-130-06 (Rules), FortisBC Energy Inc. (FEI) filed for acceptance with the BCUC natural gas supply contracts for its commodity and midstream portfolios transacted for the 2021/2022 gas contracting year (Filing);
B. FEI requests 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; and
ii. the midstream supply allocation between monthly and daily priced contracts as well as the monthly and daily market premiums for midstream seasonal transactions;
C. By Letter L-14-21 dated June 3, 2021, the BCUC accepted FEI’s Annual Contracting Plan (ACP) for the 2021/2022 gas year commencing November 1, 2021;
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 2021/2022 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 Rules, the BCUC orders as follows:
1. The BCUC accepts the natural gas contracts shown in Appendix A to
this order.
2. The BCUC will hold 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 2nd day of December 2021.
BY ORDER
Original signed by:
B. A. Magnan
Commissioner