,,\\sr\ COI..U4, ~ Q;J S ~ (' / .. /-;: ~s CON\~ PROVINCE OF BRITISH COLUMBIA BRITISH COLUMBIA UTILITIES COMMISSION IN THE MATTER OF the Utilities Commission Act, S.B.C. 1980, c. 60 as amended IN THE MATTER OF an Application by West Kootenay Power and Light Company, Limited BEFORE: J.G. McIntyre, Chairman; J.D.V. Newlands, Deputy Chairman; D.B. Kilpatrick, Commissioner; and N. Martin, Commissioner o R D E R WHEREAS West Kootenay Power and Light Company, Limited ("WKPL") applied November 9, 1987 for Commission approval pursuant to Section 57 of the Act of a new borrowing as described therein; and WHEREAS by letter dated November 9, 1987 the Commission signified its satisfaction with WKPL's proposal subject to the interest rate not exceeding 11.75% per annum; and WHEREAS WKPL applied December 2, 1987 for Commission approval of the terms of the issuance of $15 million principal amount of Secured Debentures, Series D, to mature December 1, 1997 with terms and conditions as outlined in the accompanying Offering i'1emorandumi and WHEREAS the Commission has considered the Application and supporting documents. r'. :"'< :-.~ c-nl q~r~:~ : • III ~ to .... 1'V"_lJ.t.,,_c:l t';, . : \:~ .. : f;' !,! ~ id ;',;.)j ;".;.:, v <: c: 0 :f ORDER ,C:> NUMBER G-85-87 and December 10, 1987 . .. /2
r"~:-qil~"J ~n b" : : ~~ : t . F ,,'- II ... ; i.f ~ I :! -'. r 1", L • 1/", ,~ ,I", " j I "" f";i" .:.J IIJ 2 ORDER NUMBER G-85-87 NOW THEREFORE the Commission hereby orders that the issue of Secured Debentures, Series D in the total amount of $15,000,000 bearing an interest rate of 11.375% per annum, to mature December 1, 1997, with a closing date for the issue of December 17, 1987, be and the same is hereby approved. DATED at the City Vancouver, in the Province of British Columbia, this ) day of December, 1987. BY ORDER G. McIntyre L- Chairman
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