ROBERT J. PELLATT COMMISSION SECRETARY Commission.Secretary@bcuc.com web site: http://www.bcuc.com VIA FACSIMILE 250-480-4454 Mr. Geoff Higgins Manager, Regulatory Affairs Terasen Gas (Vancouver Island) Inc. 1675 Douglas Street P.O. Box 3777 Victoria, B.C. V8W 3V3 Dear Mr. Higgins: Re: Terasen Gas (Vancouver Island) Inc. Revenue Deficiency Deferral Account (“RDDA”) Financing Further to your letter dated August 5, 2003 regarding the treatment of the RDDA, the Commission agrees with TGVI’s proposed actions to finance the 2002 revenue deficiency amount ($2.9 million) through the issuance of Class B instruments and to convert 100% of existing Class A instruments ($85.0 million) into Class B instruments in accordance with the procedures and terms for such conversions set out in Appendix A to the Special Direction. cms TGVI/Cor/RDDA Financing LETTER NO. L-40-03 SIXTH FLOOR, 900 HOWE STREET, BOX 250 VANCOUVER, B.C. CANADA V6Z 2N3 TELEPHONE: (604) 660-4700 BC TOLL FREE: 1-800-663-1385 FACSIMILE: (604) 660-1102 Log No. 3899 August 20, 2003 Yours truly, Original signed by: Robert J. Pellatt
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