A-3-95 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 MATIER OF the Utilities Commission Act, S.B.e. 1980, c. 60, as amended and An Application by Coast Pacific Management Inc. for Renewal of an Agents/Brokers/Marketers Licence BEFORE: M.K. Jaccard, Chairperson; and ) February 9, 1995 L.R. Barr, Deputy Chairperson ) WHEREAS: A. On December 19, 1994 Coast Pacific Management Inc. ("Coast Pacific") applied to the Commission for renewal of an Agents/Brokers/Marketers Licence ("AlB/M Licence") for the period ending October 31, 1995 and requested exemption from the requirement to post a gas delivery performance bond as all its customers receive gas through transportation service arrangements; 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 Agent/Broker/Marketer 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 Licence; and e. The Commission has reviewed the Application by Coast Pacific and, relying upon the information and representations made by Coast Pacific contained in its Application, finds that renewal of an A/B/M Licence, subject to conditions, is required. NOW THEREFORE the Commission orders as follows: 1.0 The Commission issues to Coast Pacific an A/B/M Licence for the period up to and including October 31, 1995 that restricts Coast Pacific from participating in buy/sell arrangements for the delivery of direct purchase gas to core market consumers until Coast Pacific posts a satisfactory gas delivery performance bond. 2.0 The AlB/M Licence is issued subject to the following conditions: 2.1 Coast Pacific will carry out the undertaking set out in Section 19 of its September 30, 1993 Application with respect to Section 85.3 of the Utilities Commission Act; 2.2 Coast Pacific will comply with the approved AlB/M Code of Conduct as it applies to the Company's core market customers; 2.3 Coast Pacific will provide a copy of the Standard Information Booklet to each core market customer with whom it has signed a gas supply arrangement; 2.4 All gas supply arrangements and agency agreements relating to core market customers that Coast Pacific signs will be in a form approved by the Commission; .. ./2
2 A-3-95 2.5 Coast Pacific will maintain a satisfactory Performance Bond in full force and effect at all times when it is participating in buy/sell arrangements; 2.6 Coast Pacific will maintain for the duration of the NBIM Licence a Working Capital Position of at least $50,000 and a Current Ratio (current assets to current liabilities) of at least 1.10; 2.7 The Commission may at any time and without prior notice to Coast Pacific withdraw the A/B/M Licence for reasons the Commission, in its sole discretion, deems and considers sufficient; and 2.8 The A/B/M Licence and all copies of it shall remain the property of the Commission and Coast Pacific will return these documents forthwith upon written request from the Commission. DATED at the City of Vancouver, in the Province of British Columbia, this day of February 1995. BY ORDER Dr. Mark K. Jac:CaI'd Chairperson CommissionORDERS/CPMI-Licence
s'" COI..l./ ~\ ~ ~~ g l·:~: ~ ·. T .L~it -y =;"""'" c, ---. ~~ ;Z .~ii~~ ... 0 ?~ CERTIFICATE A-3-95 "/ •• GIr ~ /. ~ r-. '/~ •••••••••••••- ~J /~S·~~~~~ AGENTS/BROKERS/MARKETERS LICENCE COAST PACIFIC MANAGEMENT INC. is granted a licence for the purpose ofproviding advice to, or acting on behalfof, core market customers purchasing gas directly in the Province ofBritish Columbia subject to the terms and conditions contained in Commission Order No. A-3-95, which are set out on the reverse of the Licence, and include a restriction from participating in buy/sell arrangements until a satisfactory gas delivery performance bond is in place. BRITISH COLUMBIA UTILITIES COMMISSION ~JO~ T-- --1 CHAIRPERSON DATE: FEBRUARY 9, 1995 EXPIRES: NOVEMBER 1, 1995
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.