British Columbia Utilities Commission

A. On December 23, 2015, FortisBC Energy Inc. (FEI) filed with the British Columbia Utilities Commission (Commission) the 2015 Price Risk Management Application (Application), which includes the following requests for approval:
- the implementation of enhancements to the quarterly commodity rate setting mechanism, as it applies to FEI, including the following components:
i. a revision to the commodity rate setting mechanism to add a $1.00 per gigajoule ($1.00/GJ) commodity rate change limit (increase or decrease), and
ii. incorporation of criteria to assist in determining when consideration be given to the appropriateness of commodity rate proposals for timeframes beyond the standard 12-month outlook.
- the implementation of a medium-term hedging strategy for FEI based on pre-defined market price targets and maximum volume limits;