E-34 Letters of Comment dated September 8, 2005 from the ... · Sent: Thursday, September 08, 2005 3:21 PM To: Commission Secretary BCUC:EX Subject: Kinder Morgan, Inc. - Procedural

E-34 Letters of Comment dated September 8, 2005 from the following:

Brant Zwicker Darryl & Faye Sherstobetoff Dorene Sharkey Douglas H. Hall Elsie & Orist Sharun Gerald & Dora Steeves Harv Nagra Jagandeep Nagra Jessie Pears Jo-Ann Picard Marian Brown Miechiel F. Maas Millie Lambell Old Age Pensioners Organization, Branch No. 93 Paula Murray Peter Gleave Pia Mckoryk Roy E. Maas Stephen Green Yvonne Pinder Roy Maas

E-34

CNSMITH

KMI_Terasen Acquisition

1

Smith, Constance BCUC:EX

From: [email protected] on behalf of BRANT ZWICKER [[email protected]]Sent: Thursday, September 08, 2005 11:02 AMTo: Commission Secretary BCUC:EXCc: Paul Martin; OfficeofthePremier, Office PREM:EX; Neufeld.MLA, Richard LASS:EXSubject: Terasen sale

Dear Mr. Pallat:

As a fiercly proud British Columbian and Canadian, I am writing to youregarding the impending sale of Terasen to U.S. interests. In short, Iurge you and the Commission, and the federal government of Canada, toquash what will prove to be a devastating sale of our precious, andstartlingly scarce, natural resources. Once these resources have been soldto foreign interests - and we Canadians seem to be extremely good atmaking these horrendous mistakes - there is no turning back. I abhor theidea of auctioning off the very essence of this nation in exchange forsome short-term financial gain, and the long-term result of this kind ofactivity is that we will end up being the ones who will freeze in thedark. There is no way that a Houston-based company with a terrible trackrecord and a history of controversy is going to cut us any slack when thechips are down and reserves are low.

I truly feel that the government of British Columbia has made a terribleand short-sighted error by lifting the foreign-ownership limits that aprevious adminstration had carefully placed upon Terasen. The awfulconsequences of that cold-hearted business move are now staring us rightin the face, and I urge you to do the right thing and over-ride thisgrotesque sell-out of our natural resources. American companies must belaughing all the way to the bank when it comes to dealing with officialsin this country. There is no need for them to get tough with us in theirdrive to acquire our water, oil and gas - and make no mistake about thefact that this is exactly what they want - we will simply sell it off fora relatively few bucks, regardless of the consequences.

Please take a very hard look at this situation. I implore you to use yourpower to preserve the essence of this country, something that others wouldeffectively give away, and to help me regain my pride in Canada that isslowly slipping away. Thank you.

Brant ZwickerKamloops, BC

KMI-Terasen AcquisitionExhibit E-34


From: Darryl and Fay [[email protected]]

Sent: Thursday, September 08, 2005 9:01 PM

To: Commission Secretary BCUC:EX

Cc: [email protected]

Subject: I Protest the sale of Terasen

Importance: High

Page 1 of 1

9/8/2005

I want to protest the sale of B.C.'s gas. Any sale should be the vote of B.C. residents if not Canadian residents.A natural resource of this kind should not be sold out like so much of our country.



From: dorene sharkey [[email protected]]



Subject: Teresan sale

Page 1 of 1

9/8/2005

I am writing to express my extreme displeasure at the pending Teresan sale. In short, I am appalled. We are Canada, NOT a satellite colony of the United States. Canada is our Country and as taxpayers we must have the right to stop this sale. Sincerely Mrs. Dorene Sharkey, a very concerned taxpayer and proud Canadian

Click here to donate to the Hurricane Katrina relief effort.



From: doughall [[email protected]]

Sent: Thursday, September 08, 2005 9:12 AM


Subject: against sale of BC gas

Page 1 of 1

9/8/2005

Hello, I am opposed to the proposed sale of BC Gas to Texas consortium Kinder Morgan. We must keep BC Gas in Canadian ownership thereby ensuring profits of gas sales and jobs stay in Canada. We do not need to be virtually giving our resources away to a foreign company. Douglas H. Hall 2366 Latimer Avenue Coquitlam, B.C. 604-937-7662



From: Elsie & Orist Sharun [[email protected]]



Subject: Sale of Terasen Gas

Page 1 of 1

9/8/2005

I wish to protest the sale of Treason Gas to an American Company. I feel it is vital to have our utilities owned by Canadians. Elsie Sharun


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From: gdsteeves [[email protected]]Sent: Thursday, September 08, 2005 11:26 PMTo: Commission Secretary BCUC:EXSubject: Natura Gas

Sirs:

We, (my wife and I) think the sale of Terassen gas should not be allowednow of ever.

Yours truly,

Gerald and Dora Steeves


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From: Harv Nagra [[email protected]]Sent: Thursday, September 08, 2005 10:37 PMTo: [email protected]: OfficeofthePremier, Office PREM:EX; Neufeld.MLA, Richard LASS:EX; Commission

Secretary BCUC:EX; [email protected]: Public Hearing Regarding Terasen Gas

Importance: High

Dear Mr Prime Minister, Mr Gordon Campbell, Mr Randy Camp, Mr Richard Neufeld, & Mr Rob Pallat,

I urge you to disallow the sale of BC Gas (Terasen Gas) to an American company in the coming months.

My concern isn't in rising oil prices, as that is inevitable and somewhat superficial. My concern is in first, having Canadian politicians acknowledge the coming Oil Peak (also known as Hubbert's Peak). We are rapidly approaching a period in our planet's life where the devastating effects of our irresponsible use of resources are going to be felt within our life-spans. Our lives are going to change, and probably for the worst as compared to today.

For this reason, I think it is highly unintelligent decision to allow Terasen Gas to be sold to the States at a time when we know that gas is going to become more and more scarce.--We need control of and access to our own resources, or Canada will be in serious trouble in the coming years when our own gas is sold back to us at staggering rates.

Please, please take this seriously. We need to think about our future.

Harv [email protected]


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From: Jag Nagra [[email protected]]Sent: Thursday, September 08, 2005 10:01 PMTo: Commission Secretary BCUC:EXSubject: Terasen Gas.

I STRONGLY disagree with allowing Terasen Gas to be sold to an American company. We CANNOT allow our resources to be sold to the Americans. I will not be able to attend the public hearing. So take my email into account.

Signed, Jagandeep Nagra, Maple Ridge



From: Jessie Pears [[email protected]]



Subject: Teresan Gas

Page 1 of 1

9/8/2005

I would like to submit my objection of selling out our B.C. Gas to an American company. Jessie Pears #14-15137 24th Avenue White Rock, B.C. V4A2H7


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From: Jo-Anne Picard [[email protected]]Sent: Thursday, September 08, 2005 12:51 PMTo: Commission Secretary BCUC:EXSubject: proposed sale of Terasen

Mr. Rob Pallat, Secretary September 8, 2005 B.C. Utilities CommisionBox 250, 900 Howe StreetSixth FloorVancouver, B.C.V6Z 2N3

Sir,

This letter is to let you know that I am having real concerns regarding the proposed saleof Terasen to Kinder Morgan. The interests of B.C. consumers such as myself need to be taken into account.What about after the B.C. oil pipelines Terasen acquires are all done making money hand over foot and don't much matter anymore? How do we ensure then that Kinder Morgan will maintain and upgrade pipelines and build for the future?The government and the company say that the price of natural gas will be governed by the BC Utility Commission and that's true. But BCUC has no power to force Kinder Morgan to make more pipeline capacity available nor any ability to pressure it to upgrade its infrastructure. When Terasen stood alone, with a mandated Canadian majority ownership, itsmain business was supplying the BC natural gas market. When that is merely a convenient cash cow to be used as necessary, are we to believe that Kinder Morgan will deal with us as if we mattered? What will come first for their American shareholders: gas and oil for greedy Americans or the needs of British Columbia for those commodities?We are quickly moving to where American needs for oil, gas and water will trump our needs for the same. Moreover, the environmental problems this will raise will be ours not theirsand the profits not ours but theirs too.In what is being called one of the largest regulatory actions undertaken by the U.S. Department of Transportation's Pipeline and Hazardous Materials Safety Administration, Kinder Morgan must restructure its internal inspection program, get an independent review of its operations and analyze recent incidents, including one that killed five people.Damon Hill, a spokesman with the PHMSA, said the broad scope of the order is due to the large number of incidents in the company's Pacific operations: 44 since Jan. 1, with 14 resulting in the release of more than five barrels of refined petroleum."We didn't find any clear-cut violations of integrity management rules, but we did see some weaknesses in the use of their tools to interpret data," said Hill. For example, theorder notes that in some instances Kinder Morgan used internal pipe inspection tools that aren't sufficient to identify certain defects. Some incidents, however, are due to age and wear and tear. An April 27, 2004, release of 105,000 gallons of diesel into a marsh near Fairfield, Calif., was due to a patch of corrosion almost 14 feet long. The firm paidmore than $5 million in fines, penalties and restitution in that case. The company's organizational structure also expects workers in different departments to identify specific pipeline safety threats, but it does not allow workers from one department easy access to data from another department, the order says.

I sincerely hope that you will take the above into serious consideration before allowing Terasen to be sold to this American company.

Yours,

J.W. Picard13906 35 A AvenueSurrey, B.C.V4P 1L1


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From: Marian Brown [[email protected]]Sent: Thursday, September 08, 2005 3:21 PMTo: Commission Secretary BCUC:EXSubject: Kinder Morgan, Inc. - Procedural Conference - Letter of Submission

Terasen_let.doc (21 KB)

Yesterday (while on vacation) was the first time I heard of theProcedural Confernce being held on September 9/05 re the Kinder Morganapplication for approval of the acquisition of the common shares ofTerasen Inc. and was told that letters of submission were still beingreceived from interested parties.

Attached please find my letter of submission for your consideration. If you require further information, I may be contacted at (250)478-2586.

Thank you.


September 8, 2005 Robert J. Pellatt, Commission Secretary BC Utilities Commission Box 250 Sixth Floor, 900 Howe St. Vancouver, BC V6Z 2N3 Dear Sir: Re: Kinder Morgan, Inc. Application for Approval of the Acquisition of the

Common Shares of Terasen Inc. I wish to express my objection to the BC Utilities Commission regarding the proposed acquisition of the outstanding common shares of Terasen Inc. by Kinder Morgan, Inc. and its wholly-owned subsidiary 0731297 BC Ltd. All Canadians should be gravely concerned about maintaining control and preserving our natural resources for ensuing generations and not assist in the creation of a U.S. controlled pipeline to Texas. Two of the largest North American Free Trade Agreements, namely for softwood lumber and Canadian beef to the U.S. have proven to be an economic disaster for Canadian businesses and I have no desire to see BC residents and all Canadians once again raided for another valuable resource in natural gas by foreign interests. I understand the BC Utilities Commission is holding a Procedural Conference on September 9, 2005 and request that my late submission be accepted as forthcoming from an Interested Party. Yours truly, M. Brown 4796 Lisandra Road Victoria, BC V9C 4G1



From: Michael [[email protected]]


To: [email protected]; Commission Secretary BCUC:EX

Subject: Block sale of Terasen Gas

Page 1 of 1

9/8/2005

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Coquitlam, BCSep. 08, 2005

Dear Sir/Madam,

I am writing in order to share my deepest concern regarding the sale of Terasen Inc. to Kinder Morgan Inc., which you will soon be asked to approve.

Since the implementation of the Canada-U.S. Free Trade Agreement, I have witnessed the increasing loss of control over the country’s energy resources and its infrastructures. From the elimination of the 25-year contingency reserve provision, to the implementation of the proportional sharing provision, most of Canada’s energy decisions have resulted in our country losing sovereignty over our resources.

This sale will undoubtedly rob B.C. communities of the power to influence future energy decisions in the province. It will also reinforce the view that Canadians are, in effect, becoming tenants in their own land. I urge you to prevent this deal by refusing to ratify it until such time as an exhaustive evaluation of Canada’s energy situation is completed and provincial –and national – energy strategies are drafted and adopted. As the U.S. Administration is keen to highlight, control of energy resources will be the struggle of the future. Canada needs to start preparing for this struggle and defending infrastructures built and paid for by the Canadian public. Sincerely,

Miechiel F. Maas

Coquitlam, BC.



From: Lambell16 [[email protected]]



Subject: Terasen

Page 1 of 1

9/9/2005

Mr. Secretary, KEEP Terasen gas in BC we need the jobs and profits here for our economy and the spin-offs. Why in the name would you sell it to the US/Kinder Morgan, no wonder he had that big smile on his face, You know once it is in American hands we pay more and they profit. The US calls the shots and we sit and look stupid. Need I reminder you of the soft wood lumber tariffs??? didn't you learn any lessons from this?? No more selling Canadian companies to the US, soon we will have nothing but a bunch of minimum wage workers serving the US, do you want this??? What a stupid move that would be, just say NO. Concerned in BC Millie



From: TPI Williams Lake [[email protected]]



Subject: Terasen Gas

Page 1 of 1Blank

9/8/2005

Mr.Robert J Pellatt, Commission Secretary, BC Utilities Commission, Box 250, Sixth Floor, 900 Howe St, Vancouver, BC V6Z 2N3 Dear Sir: Please accept this letter as our opposition to the takeover of Terasen Gas by Kinder Morgan of Texas. We feel it is important for our legislators to keep American interests out of our critical resources like home heating. The American companies do not adhere to treaties, contracts and agreements, as shown by the softwood lumber issue. Having our gas costs controlled by an American Company should be avoided. We are a Senior Citizens Organization and a Branch of the BCOAPO. Our Branch is representing over 500 citizens who believe Canadian resources should be controlled totally by Canadian Companies! Yours truly, W. Gooding per: F.E.Martineau Old Age Pensioners Organization, Branch #93 176 N. 4th. Ave. Williams Lake, B.C. V2G 2C7



From: Paula [[email protected]]

Sent: Friday, September 09, 2005 1:16 AM


Subject: Amended Letter - Paula

Page 1 of 3

9/9/2005

September 4, 2005 Robert J. Pellatt Commission Secretary BC Utilities Commission Box 250 Sixth Floor, 900 Howe Street

Quotes to Ponder Kinder Morgan CEO Rich Kinder On Terasen's connection Alberta oilsands: "...hellaciously significant..." On the pipeline route to the oilsands as the true prize: "We like to say our game is to find the next tsunami and ride it". On intention: "We're agnostic as to where the oil goes...We look at ourselves as simply a toll road". Highly regarded Energy Investment Banker and analyst Matt Simmons On the rarity of natural gas: "...because the whole world has finally realized that natural gas is the world's single-best source of energy; the numbers on the projected demand are just absolutely enormous". What worries him: "...that we are making the assumption in all of the proved reserves that are being batted around that gas is actually proven-gas reserves, and a vast, vast amount of it has never seen a drill bit. In other words, they're just assumptions that those reserves are there...so that's my second concern, is that we might find that this vast amount of stranded gas was just an illusion". Highly respected CIBC Senior Economist Jeff Rubin On energy valuation August 24, 2005: "Despite their recent rise, oil and gas stocks on the TSX remain significantly undervalued. They were egregiously undervalued last year when the stock market was paying for cash flows based on $30 (U.S.)-a-barrel oil prices and natural gas prices of $4 per million British thermal units. Today's valuations still reflect oil prices in the low-$40 range and natural gas prices not much more than $5, compared to actual spot prices of $65 a barrel for crude and more than $9 per million Btu of natural gas". _________________________________________________________________________ Mr. Pallett, Re: As per conversation - August 31, 2005 - regarding proposed sale of Terasen and analysis reports by independent energy analyst Kurt Wulff, CFA First of all, the purpose of this letter is not to debate CEO Rich Kinder's personal or political ties [Bush], or former corporate ties [Enron]. Nor will it debate Kinder Morgan's environmental record. Although all present


important issues to consider, I believe such issues have been broached in various newspaper articles and/or opposing or supportive letter contributors. Shareholder perspective For the record: I am a modest Terasen shareholder and have evaluated the options presented to shareholders. Like other shareholders who hold Terasen for its reliable, long-term steady stream of income, if this takeover is approved, like others, I will sell this fine Canadian company or take Kinder's cash option and allocate my money elsewhere. From an economic perspective, a key consideration for smaller investors such as myself [although we cannot rely on the ubiquitous crystal ball] is holding U.S. valued shares. Although opinions may differ, I believe the Canadian dollar will continue to gain strength against the US dollar over the coming years. Regardless though, shareholders [some of them pensioners and/or pension plans] who opt for Kinder Morgan shares will have to pay more tax and they will also be subject to the devaluation of the US dollar on those shares. I absolutely believe this is a likely scenario (as it was in the last energy/commodity bull market of the earlier 1970s). The challenge currently presented by the energy industry is different this time. [Although Hurricane Katrina has raised a supply side issue for natural gas, demand issues remain.] What is different now versus the last energy crisis, is that (apart from a reduction in refining capacity) the world is dealing with a demand side issue for energy. B.C. resident perspective So, who will control this energy? With the aforementioned investment considerations aside, my sole and most important purpose for writing this letter is from the standpoint of a Canadian citizen and lifetime British Columbia resident. There are a variety of concerns that seem (to me at least) key issues surrounding natural gas. Natural gas is a commodity known to be in limited supply. As well, future considerations surrounding the water services sector will undoubtedly become a high profile issue in years to come. [There are already documented problems with foreign contractors for private utility water/waste water services in Canada.] The control of the distribution channels for key commodities should be of paramount concern for our province. Anyone that follows the energy industry knows the oil sand extraction recipe involves: the oil sands, water for steam, and natural gas. Terasen distributes two of these key ingredients: natural gas and water. What will be the primary focus? Natural gas and water distribution to B.C. residents, or the oil sands extraction process? Concerns surrounding the ownership of a primary utility company is not Anti-Americanism. Mergers and aquisitions occur back and forth on a regular basis between Canadian and American businesses, along with other foreign investors/investment. However, what sets this situation apart from other aquistion plays is that here in B.C. Terasen is the dominant distributor and service provider for 95% of B.C. natural gas customers. Combined, Terasen is the primary energy deliverer [60%] to British Columbia residents. So given the reality of these statistics, for people who say, "Well Terasen is technically a private company", the privacy statement is rendered a moot point. Therefore, I do not believe (as some have commented) that the acquisition of West Coast Energy to Houston, Texas based Duke Energy is a fair comparison or precedent to follow for foreign ownership. West Coast Energy cannot even compare to Terasen's 95% market share for natural gas distribution and service to B.C. residents. Furthermore, it would be unusual for any dominant Canadian utility to fall under the control of foreign interests. To restate this point in a different way, and putting the utility aspect aside, unlike some industries where there is a broad basket of competing companies [from which consumers are free to pick and choose their supplier] and functioning in a free market to balance pricing via the normal avenues of demand and supply for a good in generous supply, the critical point is this: Terasen is the primary energy distributor to British Columbians. Furthermore, Terasen is a large utility player on the national Canadian front. "With more than 875,000 customers in 125 communities, Terasen Gas is the third largest utility in Canada and the largest natural gas distributor in the province [of B.C.]" - Terasen Gas Kinder Morgan's number crunching

Page 2 of 3

9/9/2005


A particular analyst-Kurt Wulff-was brought to my attention through a National Post newspaper article [see attached article August 16, 2005] with respect to the investing decisions of the highly respected Seymour Schulich and Newmont Mining's investment in the Canadian Oil Sands Trust. [Note: Seymour Schulich from Franco Nevada fame, a Canadian mining legend, and a current director of Newmont Mining Corporation] "The most significant positions held in the [Newmont] Equity Portfolio are Canadian Oil Sands Trust (COS), Oxiana Limited, Kinross Gold, Shore Gold and Gabriel Resources. The Canadian Oil Sands position provides Newmont with a natural hedge against rising energy costs" - Newmont Mining website Because Mr. Schulich is a very clever and astute business man (who himself has MBA and CFA designations) I put weight on his sources of investment analysis. Kurt Wulff is a respected analyst who views Kinder Morgan completely different than the average institutional analysts. Kurt Wulff's website www.mcdep.com Reports on Kinder Morgan Click on Stock Ideas from left menu Scroll down to Sell reports from: 1) August 11, 2005 2) July 21, 2005 3) April 14, 2005 Kurt Wulff CFA on Kinder Morgan's confusing accounting [report attached] "U.S. government subsidizes Kinder Morgan by allowing it to overstate earnings". "The government also sponsors an oligopoly of U.S. bond raters, paid by the companies they rate, who allow KM to understate debt. Canadians would be exchanging ownership and control of strategic assets for inflated stock and a high-risk financial structure..." "The suggestion is that KM may fake its leverage when it describes its offer to Canadian sellers". "Disingenuous accounting appears to have contributed to excess valuation". "KM can pay [Terasen] the high multiple because its own multiple is inflated 16.4 times and would still be 15.4 times after the [Terasen] deal". "At the root of KM's complicated accounting is the exploding general partner compensation scheme. Created by Enron in the early 1990s, the scheme has spread throughout the pipeline and coal industry...the citizens of British Columbia might exhort 'No Compensation with Misrepresentation'...in the broader context of the whole stock market, the scope of the KM ruse has not attracted much attention. Whether the British Columbia Utilities Commission is alert remains to be seen". Closing thoughts With a long term perspective of Terasen distributing the majority of natural gas to our citizens, and the water services sector, we need to maintain Canadian control of this primary utility provider. [This is especially important in an industry under the international microscope-which will only increase once Dick Cheney makes his fact-finding field trip to the Alberta oil sands region] Thus, we need to conduct our provincial decision-making from a long term perspective rather than a short term one. It is vital to analyze a deal from all sides - not just from a current and seeminglywin-win. I trust the B.C. Utilities Commission will have the long term vision to consider this impact on our B.C. residents, especially in light of the fact that we are presently only several years into a potential 15-18 year commodity bull market and as the years progress access to key resources like natural gas and water will only increase. We need to retain control of the distribution channels that service the majority of B.C. residents. Sincerely, Paula Murray

Page 3 of 3

9/9/2005


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From: Peter Gleave [[email protected]]Sent: Thursday, September 08, 2005 3:00 PMTo: Commission Secretary BCUC:EXSubject: Terasen

Re the proposed sale of Terasen, I am opposed in light of the current attitude of the U.S. toward NAFTA.

Peter Gleave



From: Pia McKoryk [[email protected]]



Subject: please

Page 1 of 1

9/8/2005

Please prevent the sale of Canadian resources to American companies. Please! Pia Mckoryk 2725 Norwood St. Prince George, B.C. V2L1Y4



From: R.Maas [[email protected]]



Subject: Terasen sale

Page 1 of 1

9/9/2005

Sept.08-2005

Dear Sir/Madam,



This sale will undoubtedly rob B.C. communities of the power to influence future energy decisions in the province. It will also reinforce the view that Canadians are, in effect, becoming tenants in their own land.

I urge you to prevent this deal by refusing to ratify it until such time as an exhaustive evaluation of Canada’s energy situation is completed and provincial – and national – energy strategies are drafted and adopted. As the U.S. Administration is keen to highlight, control of energy resources will be the struggle of the future. Canada needs to start preparing for this struggle and defending infrastructures built and paid for by the Canadian public.

Sincerely,

Roy E. Maas

Vancouver, BC



From: Roy Maas [[email protected]]



Subject: Terasen sale

Page 1 of 1

9/8/2005

Dear Sir/Madam,



This sale will undoubtedly rob B.C. communities of the power to influence future energy decisions in the province. It will also reinforce the view that Canadians are, in effect, becoming tenants in their own land.

I urge you to prevent this deal by refusing to ratify it until such time as an exhaustive evaluation of Canada’s energy situation is completed and provincial – and national – energy strategies are drafted and adopted. As the U.S. Administration is keen to highlight, control of energy resources will be the struggle of the future. Canada needs to start preparing for this struggle and defending infrastructures built and paid for by the Canadian public.

Sincerely, Roy Maas


1


From: Stephen Green [[email protected]]Sent: Thursday, September 08, 2005 7:09 PMTo: Commission Secretary BCUC:EXSubject: Trersen Sale to the US

I oppose the sale of Terasen to US interests.

It is clearly time that we in British Columbia and in Canada stop the wholesale dispersal of ownership of our natural resources to non-Canadian entities. The resources in the ground meaning minerals natural gas, petroleum and other resources must remain in Canadian ownership.

Profits and taxation must accrue to Canadians and not in this case Americans or anybody else.

Natural gas is a non-renewable resource which must be guarded and used carefully and that cannot be accomplished with a board of directors thousands of miles away in the United States.

I call upon you to deny the sale of Terasen to any one other than a Canadian majority interest.

____________________________________ Stephen D Green1555 Oceanspray DriveNorth Saanich, BC V8L5J7 Tel: (250) 656-9244Cel: (250) 217-4546Email Home: [email protected] Mobile: as above SMS +2502174546===================================



From: Yvonne Pinder [[email protected]]

Sent: Thursday, September 08, 2005 11:53 AM


Subject: Letter of comment

Page 1 of 1Message

9/8/2005

Dear Sir/Madam: Please let this e-mail stand as my opposition to the sale of Terasen Inc. to a USA company. After watching the terrible rescue response provided to the people of New Orleans I in no way want our gas lines and management of our gas utility to be dependent on the management of any USA company. I wonder why we would be so eager to let USA companies control our resources? Is this strictly a profit taking for the shareholders of Terasen? Natural resources and related pipelines, etc should NOT be able to be bought and sold by shareholders looking after their own wealth management. This is not in any way appropriate to all the people of our country. I hope the government will step in to prevent this move. It is actually quite frightening to me as a resident of Canada to think about what could happen if Terasen Inc. is sold to the USA. Regards, Yvonne Yvonne Pinder, BComm, MBA, CMA, FCMA


Documents

E-34 Letters of Comment dated September 8, 2005 from the ... · Sent: Thursday, September 08, 2005 3:21 PM To: Commission Secretary BCUC:EX Subject: Kinder Morgan, Inc. - Procedural