LETTER NO. L-29-00 ROBERT J. PELLATT SIXTH FLOOR, 900 HOWE STREET, BOX 250 COMMISSION SECRETARY VANCOUVER, B.C. CANADA V6Z 2N3 Commission.Secretary@bcuc.com TELEPHONE: (604) 660-4700 web site: http://www.bcuc.com BC TOLL FREE: 1-800-663-1385 FACSIMILE: (604) 660-1102 Log No. 3466 VIA FACSIMILE 688-2213 June 23, 2000 Mr. John S. Barnes President and General Manager Central Heat Distribution Limited 720 Beatty Street Vancouver, B.C. V6B 2M1 Dear Mr. Barnes: Re: Central Heat Distribution Limited Application – Approval in Principle – Utility Financing This will acknowledge receipt of your June 16, 2000 letter applying to the Commission for approval in principle to fix $3.5 million of long term debt for a period of five years at an average all-in cost not to exceed 8.5 percent. The Commission has reviewed your application and gives its approval in principle for the proposed financing transaction, pursuant to Section 50(2) of the Utilities Commission Act. Upon application by Central Heat showing that the long term debt was fixed in accordance with the approval in principle, the Commission will issue an Order approving the long term debt financing. Yours truly, Original signed by: Robert J. Pellatt PWN/cms CHDL/Cor/Utility Financing
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