British Columbia Utilities Commission

On June 13, 2017, FortisBC Energy Inc. (FEI) filed the 2017 Price Risk Management Plan Application (2017 PRMP or the Application), including requests for approval of the following: a. Extend the term and adjust hedging price targets for the medium-term fixed-price hedging strategy approved by the Commission via Order E-10-16. FEI proposes a one-year extension to October 2020 and seasonal (summer and winter) price targets; b. A longer term fixed-price hedging strategy that includes hedges with terms of up to five years based on pre-defined market price targets. The hedging horizon would end in 2023; and c. That the Application be held confidential on the basis that it could impair FEI’s ability to negotiate and obtain favorable commercial terms for any future natural gas hedging;