SIXTH FLOOR, 900 HOWE STREET, BOX 250 VANCOUVER, B.C. V6Z 2N3 CANADA web site: http://www.bcuc.com IN THE MATTER OF the Utilities Commission Act, R.S.B.C. 1996, Chapter 473 and An Application by West Kootenay Power Ltd. for Approval to Issue Common Share Equity BEFORE: P. Ostergaard, Chair ) P.G. Bradley, Commissioner ) K.L. Hall, Commissioner N.F. Nicholls, Commissioner ) O R D E R WHEREAS: A. On December 22, 2000, West Kootenay Power Ltd. (“WKP”) applied to the Commission for approval to increase its common share equity capital, pursuant to Section 50 of the Utilities Commission Act (“the Act”); and B. WKP requests approval to issue to UtiliCorp British Columbia Ltd. 200,000 authorized $100 par value common shares for a total consideration of $20 million. The proposed equity infusion is made necessary by ongoing capital expenditures and will bring the actual equity level of WKP back to the 1999 level; and D. The Commission has reviewed the December 22, 2000 application and finds that approval is necessary and in the public interest. NOW THEREFORE pursuant to Section 50 of the Act, the Commission approves the issuance of 200,000 authorized $100 par value common shares to UtiliCorp British Columbia Ltd. for a total consideration of $20 million. DATED at the City of Vancouver, in the Province of British Columbia, this 16 Orders/WKP Equity Issue-UtiliCorpB R I T I S H C O LU M B I A U T IL I T I E S C O M M I S S I ON O R D E R N U M B E R G-2-01 TELEPHONE: (604) 660-4700 BC TOLL FREE: 1-800-663-1385 FACSIMILE: (604) 660-1102 ) January 4, 2001 th day of January 2001. BY ORDER Original signed by: Peter Ostergaard Chair
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