Orders

ORDER NUMBER

E-22-23

 

IN THE MATTER OF

the Utilities Commission Act, RSBC 1996, Chapter 473

 

and

 

FortisBC Energy Inc.

Section 71 Natural Gas Supply Contracts

for the Commodity and Midstream Portfolios

 

BEFORE:

B. A. Magnan, Panel Chair

E. B. Lockhart, Commissioner

E. A. Brown, Commissioner

W. E. Royle, Commissioner

 

on November 16, 2023

 

ORDER

WHEREAS:

 

A.      On October 30, 2023, 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 2023/2024 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;

                   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

                 iii.            The call option contracts at the Huntington/Sumas market for supply resiliency requirements and at the East Kootenay market for peaking requirements.

C.      By Letter L-30-23 dated June 8, 2023, the BCUC accepted FEI’s Annual Contracting Plan (ACP) for the 2023/2024 gas year commencing November 1, 2023;

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 2023/2024 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:

 

1.       The BCUC accepts the natural gas contracts shown in Appendix A to this order.

2.       The BCUC will hold the details of the Filing and associated documents confidential until the BCUC determines otherwise as they contain commercially sensitive information.

DATED at the City of Vancouver, in the Province of British Columbia, this          16^th          day of November 2023.

 

BY ORDER

 

Original signed by:

 

B. A. Magnan

Commissioner

 

 

Attachment