ERICA M. HAMILTON COMMISSION SECRETARY Commission.Secretary@bcuc.com web site: http://www.bcuc.com VIA E-MAIL regulatory.affairs@terasengas.com Mr. Tom A. Loski Chief Regulatory Officer Terasen Gas Inc. 16705 Fraser Highway Surrey, BC V3S 2X7 Dear Mr. Tom A. Loski: Re: Terasen Gas (Whistler) Inc. Price Risk Management Plan 2008-2009 Winter Hedge and Storage Plan On April 30, 2008, Terasen Gas (Whistler) Inc. (“TGW”) filed its TGW Price Risk Management Plan 2008-2009 (“2008 PRMP”) with the 2008/09 Winter Hedge, Storage Plan and Implementation Plan schedule in Table No. 2, page 3. The Commission accepts the 2008 PRMP but directs TGW to file a report with the Commission by June 30, 2009 that outlines the financial outcome and demonstrates the degree to which the 2008 PRMP has met its objectives. TGW should provide evidence that the storage purchases were consistent with summer spot prices and that winter fixed prices are in line with the propane forward price curve at the time of the transaction. RB/cms TGW/Cor/L-21-08_2008 PRMP Winter Hedge & Storage Plan LETTER NO. L-21-08 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. 25149, 25330 May 22, 2008 Yours truly, Original signed by: Erica Hamilton Commission Secretary
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