BRITi~H COlUMBlt ""t;'r\ COI..UA~ , ""7<5> UTlUnES GOMMiSSIl ~ t\= " ""'" .. ,-:'1"" 'T.;& 17 c .. _Yt~0 ,c ~ ' . < A / ~ ' " * "" ' '_~;;; < i C " . cf ORDER )-/~ .. t..\C:> NU~.1BER G-32-90 S CON't\".· PROVINCE OF BRITISH COLUMBIA BRITISH COLUMBIA UTILITIES COMMISSION IN THE MA TTER OF the Utilities Commission Act, S.B.C. 1980, c. 60, as amended and IN THE MATTER OF an Application by BC Gas Inc. BEFORE: J.G. McIntyre, ) Chairman; ) N. Martin, ) May 4, 1990 Commissioner; and ) W.M. Swanson, Q.C., ) Commissioner ) o R D E R WHEREAS BC Gas Inc. (IIBC Gas") applied April 27, 1990 for approval, pursuant to Sections 57(2) and 57(3) of the Utilities Commission Act ("the Act"), to issue 40 Cumulative Redeemable Non-Convertible Perpetual Fixed Rate/Monthly Auction First Preference Shares ("Preference Shares") in the amount of $20 million at an initial dividend rate of 9.00%; and WHEREAS the Preference Shares are intended to redeem $11.5 million 18.25% Series B Debentures with the balance of the proceeds to retire BC Gas short-term debt; and WHEREAS BC Gas filed on May 3, 1990 a copy of the final form and blacklined version of the Special Rights and Restrictions to the Preference Shares. NOW THEREFORE the Commission has reviewed the Application and supporting material and approves the BC Gas Preference Shares issue as follows: Pursuant to Sections 57(2) and 57(3) of the Act, the Commission approves the issue by BC Gas of 40 Cumulative Redeemable Non-Convertible Perpetual Fixed Rate/Monthly Auction First Preference Shares in the amount of $20 million at an initial annual dividend rate of 9.00%. D 1 A ~D at the City of Vancouver, in the Province of British Columbia, this ~ day of May, 1990. BY ORDER ohn G. McIntyre , Chairman 53I11/cms SIXTH FLOOR, 900 HOWE STREET. VANCOUVER, B,C, V6Z 2N3, CANADA, TELEPHONE: (604) 660-4700, TOLL FREE 1-800-663-1385, FACSIMILE: (604) 660-1102
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.