Orders

Decision Information

FortisBC Energy Inc. ~ 2024 to 2025 Gas Supply Mitigation Incentive Program Year End Report ~ Final

Collection Orders
Date 2026-02-05
Document No. L-3-26
Order Type L-Letters
Company Name FortisBC (gas – Mainland)
Primary Document Type Final Order

Decision Content

February 5, 2026

 

                                                                                                                                                                                                      Letter L-3-26

 

Ms. Sarah Walsh

Director, Regulatory Affairs

FortisBC Energy Inc.

16705 Fraser Highway

Surrey, BC  V4N 0E8

gas.regulatory.affairs@fortisbc.com

 

 

Re:         FortisBC Energy Inc. – Gas Supply Mitigation Incentive Program

Year End Report November 2024 – October 2025

 

Dear Ms. Walsh:

 

The British Columbia Utilities Commission (BCUC) has received FortisBC Energy Inc.’s (FEI) Gas Supply Mitigation Incentive Program (GSMIP) Year End Report for the period from November 1, 2024 to October 31, 2025 (2024/25 Gas Year) dated December 30, 2025 (2024/2025 GSMIP Year End Report).

 

The 2024/2025 GSMIP Year End Report submits the calculation of the overall GSMIP incentive payment of $3,693,853 for the mitigation activities FEI performed in the 2024/25 Gas Year. Appendix A of the 2024/2025 GSMIP Year End Report contains an electronic working copy of the GSMIP model spreadsheet which FEI has requested remain confidential as it contains commercially sensitive information.

 

The BCUC has reviewed the 2024/2025 GSMIP Year End Report in accordance with the 2022-2025 GSMIP Term Sheet, which was approved by Order G-338-22 dated November 25, 2022, and attached as Appendix F to the 2024/2025 GSMIP Year End Report. FEI did not perform any new activities in the 2024/25 Gas Year. Appendix A to this letter provides a table from FEI that shows the mitigation activity summary including the overall GSMIP incentive payment of $3,693,853 for the 2024/25 Gas Year.

 

The BCUC accepts the calculation of the GSMIP incentive payment of $3,693,853 for the mitigation activities FEI performed in the 2024/25 Gas Year. The BCUC will keep the GSMIP model spreadsheet confidential as requested by FEI as it contains commercially sensitive information, unless the BCUC determines otherwise.

 

Sincerely,

 

Electronically signed by Rose Elise Murphy

 

R. E. Murphy

Commissioner

 

/db

Enclosure

 

FortisBC Energy Inc.

Gas Supply Mitigation Incentive Program

Year End Report November 2024 – October 2025

 

 

Table 1:  Mitigation Activity Summary

The image presents a financial summary detailing mitigation activities, their benchmarked and non-benchmarked values, and the incentive payments for the fiscal years 2023/24 and 2024/25. AI-generated content may be incorrect.

1.     The percentage of allowable earnings is different between mitigation activity categories.

2.     The fixed deduction of $200,000 is in accordance with the Term Sheet.

 

 You are being directed to the most recent version of the statute which may not be the version considered at the time of the judgment.