SIXTH FLOOR, 900 HOWE STREET, BOX 250 TELEPHONE: (604) 660-4700 VANCOUVER, B.C. V6Z 2N3 BC TOLL FREE: 1-800-663-1385 CANADA FACSIMILE: (604) 660-1102 AN ORDER IN THE MATTER OF the Utilities Commission Act, S.B.C. 1980, c. 60, as amended and An Application by Enershare Technology Corporation for Renewal of an Agents/Brokers/Marketers License BEFORE: M.K. Jaccard, Chairperson; and ) K.L. Hall, Commissioner ) November 24, 1994 ORDER WHEREAS: A. On November 2, 1994 Enershare Technology Corporation ("Enershare") applied to the Commission for renewal of its AgentslBrokerslMarketers License ("AlBIM License"); and B. The Application was made pursuant to the Commission's March 11, 1993 Decision on Domestic Natural Gas Supply Rules which requires that any person intending to act in the capacity of an AgentiBrokerlMarketer to provide advice to, or act on behalf of core market consumers purchasing gas directly in the Province of British Columbia, obtain an AlB/M License; and C. The Commission has reviewed the Application by Enershare and, relying upon the information and representations by Enershare contained in the Application, finds that approval of an A/B/M License renewal, subject to conditions, is required. NOW THEREFORE the Commission orders as follows: 1.0 The Commission will issue to Enershare an AlB/M License for the period up to and including October 31, 1995 upon receipt of evidence acceptable to the Commission that a satisfactory gas delivery performance bond ("the Performance Bond") (or letter of credit to be replaced within six months by a bond) is in place to ensure Enershare's performance as an A/BIM. 2.0 Provided that the A/BIM License will be issued subject to the following conditions: 2.1 Enershare will carry out the undertakings set out in Section 19 of its Application;
2 2.2 Enershare will comply with the approved AlBIM Code of Conduct; 2.3 Enershare will maintain the Performance Bond in full force and effect for the duration of the AlB/M License; 2.4 Enershare will, for the duration of the AlBIM License, maintain a Working Capital Position of at least $50,000 and a Current Ration (current assets to current liabilities) of at least 1.10; 2.5 The Commission may at any time and without prior notice to Enershare withdraw the AlB/M License for reasons the Commission, in its sole discretion, deems and considers sufficient; and 2.6 The A/BIM License and all copies of it shall remain the property of the Commission and Enershare will return these documents forthwith upon written request from the Commission. DATED at the City of Vancouver, in the Province of British Columbia, this BCUC /Orders/Enershare-A/B/MLicenseRenewal A-1-94 day of November, 1994. BY ORDER {' 1.1 7 Dr. Mark K. Jaccard Chairperson
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