Orders

 

ORDER NUMBER

G-56-25

 

IN THE MATTER OF

the Utilities Commission Act, RSBC 1996, Chapter 473

 

and

 

FortisBC Energy Inc.

2025 Common Shares to Maintain the Approved Capital Structure

 

BEFORE:

E. B. Lockhart, Commissioner

 

on March 3, 2025

 

ORDER

WHEREAS:

 

A.      On February 12, 2025, FortisBC Energy Inc. (FEI) applied to the British Columbia Utilities Commission (BCUC) pursuant to section 50(2) of the Utilities Commission Act (UCA) for approval to issue common shares in the amount of $225 million, on or before March 31, 2025 (Application);

B.      FEI states that the requirement to issue equity mainly results from FEI’s capital expenditure program and ensures that FEI can maintain its currently approved capital structure for regulated purposes of 55.0 percent debt and 45.0 percent equity; and

C.      The BCUC has reviewed the Application and determines that approval is warranted.

 

NOW THEREFORE pursuant to section 50(2) of the UCA, FEI is approved to issue common shares in the amount of $225 million on or before March 31, 2025.

 

DATED at the City of Vancouver, in the Province of British Columbia, this      3^rd      day of March 2025.

 

BY ORDER

 

Electronically signed by Blair Lockhart

 

E. B. Lockhart

Commissioner