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ARTICLE · 16 SEPTEMBER 2004

Energy@Gowlings - August 2004

Gowling WLG
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Gowling WLG

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The latest news from Gowlings relating to Energy Law.

CanadaEnergy and Natural Resources
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Edited by Paul Harricks

Contents

  • British Columbia Utility Commission rejects Pacific Northern Gas Ltd. Proposal to Recapitalize as an Income Trust
  • Window to the Future: Market Standardisation in Carbon Emissions Trading Established
  • A Benefit of Acid Rain
  • Finance Issues Letter Promising a Technical Fix for MEUs
  • National Power Grid Promoted By Ontario Energy Minister

British Columbia Utility Commission Rejects Pacific Northern Gas Ltd. Proposal To Recapitalize As An Income Trust

Pacific Northern Gas Ltd. (PNG) delivers natural gas to approximately 39,000 customers in west-central British Columbia and, through its subsidiary Pacific Northern Gas (N.E.) Ltd., to customers in the province's northeast. In January 2004 PNG applied to the British Columbia Utilities Commission (BCUC or "Commission") to recapitalize under an income trust ownership structure. PNG's stated purpose was to get better access to capital markets, which would allow them to refinance existing debt

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