British Columbia Order in Council — Order under Utilities Commission B (O.C. 493/2000)

O.C. 493/2000

British Columbia — Orders in Council

493 , Approved and Ordered MAR 3 0 2000 7& Order in Council No. 'Presiding Me PROVINCE OF BRITISH COLUMBIA ORDER OF THE LIEUTENANT GOVERNOR IN COUNCIL Executive Council Chambers, Victoria AdntiatAi, (dor On the recommendation of the undersigned, the140629fintiamtrrrnr, by and with the advice and consent of the Executive Council, orders that B.C. Reg. 71/98, Special Directive No. 8 to the British Columbia Utilities Commission, is amended as set out in the

schedule to this order. Minister of Employment and Investment (This

part is for administrative purposes only and is not part of t ..e Order.) Authority under which Order is made: Act and section:- Utilities Commission Act, s. 3 Other (specify):- March 20, 2000 q95 /2000/13 SLC13/ca DRAFT 1 - March 20, 2000 1:25 pm

SCHEDULE I The definition of "deferred credits" in

section of BC. Reg. 71/98, Special Direction No. 8 to the British Columbia Utilities Commission, is amended by striking out "construction;" and substituting "construction at the end of the financial year," . 2

Section is repealed and the following substituted: Calculation of return on equity 5

(1) The return on equity in paragraph 4 (

d) must be calculated using consolidated net income from all sources, (

a) where projections of consolidated net income include an amount of electricity trade income consistent with the Commission's forecast of annual net export revenue under average water conditions, as contained in the Commission's report to the Lieutenant Governor in Council dated June 30, 1992, as amended on B.C. Hydro's Energy Removal Certificate appli- cation, and (

b) where projected consolidated net income, before any rate stabilization account transfers, is less than the amount needed by B.C. Hydro to achieve an annual rate of return on equity pursuant to paragraph 4 (d), an allowance for an appropriate transfer from the rate stabilization account provided (

i) there is projected to be a positive balance in the rate stabilization account before the transfer, (ii) there is projected to be a zero or positive balance in the rate stabili- zation account after the transfer, and (iii) the debt/equity ratio of B.C. Hydro after the transfer is not greater than 80:20.

Document details

Collection	British Columbia — Orders in Council
Citation	O.C. 493/2000
Type	order_in_council
Volume / chapter	arc oic 0493 2000
Language	en
Format	pdf
Source	PROVINCIAL
Identifier	8ef4b224b7316afc819622c37058ebfe91c75903

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