Orders

 

ORDER NUMBER

E-26-24

 

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, Commissioner

E. A. Brown, Commissioner

E. B. Lockhart, Commissioner

W. E. Royle, Commissioner

 

on December 12, 2024

 

ORDER

WHEREAS:

 

A.      On October 31, 2024, 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 2024/2025 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 Huntingdon/Sumas market for supply resiliency requirements and at the East Kootenay market for peaking requirements.

 

C.      By Letter L-13-24 dated June 7, 2024, the BCUC accepted FEI’s Annual Contracting Plan (ACP) for the 2024/2025 gas year commencing November 1, 2024;

D.      FEI requests that the Filing and associated documents remain confidential due to their commercially sensitive nature; and

E.       The BCUC has reviewed the Filing and is satisfied that the contracts are consistent with the 2024/2025 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:

 

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

2.       The BCUC will hold the details of the Filing and associated documents confidential as requested by FEI as they contain commercially sensitive information, unless otherwise ordered by the BCUC.

 

 

DATED at the City of Vancouver, in the Province of British Columbia, this      12^th       day of December 2024.

 

BY ORDER

 

Electronically signed by Bernard Magnan

 

B. A. Magnan

Commissioner

 

Attachment