IN THE MATTER OF
the Utilities Commission Act, R.S.B.C. 1996, Chapter 473
and
An Application by FortisBC Inc.
for Approval of Interim Rate Relief
BEFORE: L.F. Kelsey, Commissioner
D.A. Cote, Commissioner August 5, 2010
O R D E R
WHEREAS:
A. FortisBC Inc. (FortisBC) in its 2010 Revenue Requirements Application sought approval to implement any British Columbia Hydro and Power Authority (BC Hydro) Power Purchase rate change in 2010 by way of a flow-through adjustment at the time of a Commission Decision approving a BC Hydro rate adjustment for 2010; and
B. By Order G-47-10 dated March 15, 2010, the British Columbia Utilities Commission (Commission) approved BC Hydro’s request for a refundable interim rate increase of 6.11 percent and a refundable interim increase for its Deferral Account Rate Rider, from 1.0 percent to 4.0 percent, both effective April 1, 2010; and
C. On July 23, 2010, FortisBC filed an application to the Commission requesting approval of a 2.9 percent interim rate increase, effective September 1, 2010, that reflects the flow-through of the BC Hydro Power Purchase interim rate increase (the Application); and
D. The Commission has reviewed the Application and finds that approval of the Application is warranted.
NOW THEREFORE the Commission orders as follows:
1. FortisBC’s refundable interim rate increase of 2.9 percent, effective September 1, 2010, is approved.
2. The 2.9 percent interim rate increase is subject to refund with interest calculated for the refund period at the average prime rate of the principal bank with which FortisBC conducts its business.
3. The Commission will accept, subject to timely filing, amended electric tariff rate schedules in accordance with the terms of this Order.
DATED at the City of Vancouver, in the Province of British Columbia, this 6th day of August 2010.
BY ORDER
Original signed by:
D.A. Cote
Commissioner