July 18, 2017 Commission Secretary British Columbia ... · Commodity Charge for Propane 780,055 708,758 (71,297) Commodity Charge for Storage 165,990 218,750 52,760 Cost of Gas Sales

../SPUCL Gas Annual Report F2017 Cover Let Sun Peaks Utilities Co., Ltd.

1280 Alpine Road, Sun Peaks, British Columbia, V0E 5N0 T: 250-578-5490 / F: 250-578-5516 / E-mail: [email protected]

www.sunpeaksutilities.com

July 18, 2017 Erica Hamilton Commission Secretary British Columbia Utilities Commission Box 250, 6th Floor, 900 Howe Street Vancouver, BC V6Z 2N3

Via E-mail: [email protected]

Dear Madam, Re: Sun Peaks Utilities Co., Ltd. ("SPUCL") Fiscal 2017 Gas Utility Annual Report Please find attached a copy of the Sun Peaks Utilities’ Gas Annual Report for Fiscal 2017 (year ending April 30, 2017). A copy of this report will be available in the Utility’s office and posted on the Utility’s web site located at www.sunpeaksutilities.com for our customers to review. I trust that this information is what the Commission requires. However, should you have any further questions or comments, please contact the undersigned at 250-578-5416 or [email protected]. Sincerely, Sun Peaks Utilities Co., Ltd.

P.A. (Pat) Miller Director, Utility Services Attached: Appendix A – Gas Utility Financial Statements Appendix B – Gas Cost Reconciliation Account (GCRA) May 1, 2016 to April 30, 2017 Appendix C – Sun Peaks Utilities’ Financial Statements as reviewed by

PriceWaterhouseCoopers.

mailto:[email protected]

http://www.sunpeaksutilities.com/




Gas Utility Annual Report for Fiscal 2017




Table of Contents Appendix A – Gas Utility Financial Statements ........................................................................ 3

Schedule 1 – Statement of Revenues and Expenses ................................................................... 4

Schedule 1A – Reconciliation of Net Income to Year End Financial Statements reviewed by PriceWaterhouseCoopers ............................................................................................................ 5

Schedule 2 – Sales Revenue – Propane ...................................................................................... 6

Schedule 3 – Customer and Consumption – Propane ................................................................. 7

Schedule 4 – Sales Rates – Propane ........................................................................................... 8

Schedule 5 – Gross Profit – Propane .......................................................................................... 9

Schedule 6 – Gas Plant, Other Capital & Amortization – Propane .......................................... 10

Schedule 7 – Gas Cost Reconciliation Account (GCRA) – Propane........................................ 11

Appendix B – Gas Cost Reconciliation Account (GCRA) ....................................................... 12

Appendix C – Sun Peaks Utilities Financial Statements ......................................................... 17







Appendix A – Gas Utility Financial Statements



Sun Peaks Utility Co., Ltd.Gas Annual Report for Fiscal 2017Prepared July 18 /17

Schedule 1

Statement of Revenues and ExpensesDifference

Year ended April 30th 2016 2017 2016/ 2017

Annual consumption (GJ) Sch 3 73,566 94,086 20,520

Total revenues Sch 5 1,383,883 1,468,309 84,426 Cost of Sales Sch 5 Cost of Gas 946,045 927,508 (18,537) Cost of Service & Meter Installations 5,700 21,046 15,346 Cost of Grid Extension - - - Gross Profit 432,138 519,755 87,617

Operations and MaintenanceWages & benefits 84,931 120,022 35,091 Training 812 827 15 Utilities & Supplies 2,984 1,726 (1,258) Contract work - Distr. System Maintenance 13,572 9,808 (3,764) Contract work - General & Administrative 8,600 7,576 (1,025) Office Rental - - - Equipment Leases 1,052 2,122 1,070 Transportation 11,592 13,880 2,288 General Insurance 12,431 11,993 (438) Regulatory - - - Office & Administration 25,059 26,221 1,162 Bad Debt expense (recovery) - (7,861) (7,861) Permits, Property & Utility Taxes 18,709 20,749 2,039

SPUCL Operations and Maintenance costs 179,744 207,062 27,319

Billing, Repairs and Maintenance - FortisBCBasic Charge allocation to O&M costs 152,001 154,902 2,901 Delivery Charges - - - FortisBC Gas Plant O&M charge 56,144 56,144 - FortisBC Distribution O&M charge 37,282 37,689 408 Less Operating Credit (14,800) (16,000) (1,200)

FortisBC O & M Charges 230,627 232,735 2,109

Total Operations & Maintenance 410,370 439,798 29,428

Earnings before interest, taxes & amortization EBITA 21,768 79,957 58,189 Amortization Sch 6 3,934 3,934 - Net Income Before Tax 17,835 76,024 58,189

Income Taxes @ Statutory tax rate per F/S 26.00% 26.00% 0.00%Income Tax Provision 4,637 19,766 15,129

Net Income 13,198 56,258 43,060


Schedule 1A

Reconciliation of Net Income to Year End Financial Statements*

Year ended April 30th 2016 2017

Net income (loss) per Schedule 1 of the BC UtilitiesCommission Annual Report 13,198 56,258

Add Amortization per Sch 1 and Sch 6 3,934 3,934 Less Amortization per Price Waterhouse Coopers reviewed financial statements:

Property and equipment (9,189) (8,686) Deferred charges - -

Add back income tax provision per Schedule 1 4,637 19,766 Rounding - (1)

Income (loss) before income taxes per financialstatements reviewed by Price Waterhouse Coopers,Schedule 1, Gas Division 12,579 71,270

* April 30, 2016 and 2017 year end financial statements reviewed by PriceWaterhouse Coopers, Schedule 1, Gas Division.


Schedule 2

Sales Revenue - PropaneDifference


Gas Sales RevenueGroup 1 residential

Basic charges 188,316 189,756 1,440 Delivery charges 80,427 114,165 33,738 Commodity charges 413,236 401,991 (11,245)

Group 2 small commercialBasic charges 7,200 7,470 270 Delivery charges 14,649 21,822 7,173 Commodity charges 75,134 76,670 1,536

Group 3 large commercialBasic charges 15,840 15,960 120 Delivery charges 105,590 148,872 43,282 Commodity charges 457,715 448,851 (8,864)

TotalsBasic charge revenue 211,356 213,186 1,830 Delivery charge revenue 200,666 284,859 84,193 Commodity revenue 946,085 927,512 (18,573)

Total 1,358,107 1,425,557 67,450

Annual consumption (GJ) 73,566 94,086 20,520 Average gas sales revenue per GJ $18.46 $15.15 ($3.31)Average rate change from previous year -26.2% -17.9%

Gas Sales Revenue by Rate GroupGroup 1 residential 681,979 705,912 23,933 Group 2 small commercial 96,983 105,962 8,979 Group 3 large commercial 579,145 613,683 34,538

Total 1,358,107 1,425,557 67,450


Schedule 3

Customers & Consumption - Propane

Year ended April 30th 2016 2017

Average consumption by Rate GroupGroup 1 residential # customers, avg over year 869 875 Total avg annual usage (Gj) 37.2 46.8 Group 2 small commercial # customers, avg over year 20.0 21.0 Total avg annual usage (Gj) 294 372 Group 3 large commercial # customers, avg over year 11.0 11.0 Total avg annual usage (Gj) 3,213 4,125

Change in average consumption by Rate Group (Gj)Group 1 residential 4.8% 25.7%Group 2 small commercial -9.1% 26.3%Group 3 large commercial 0.7% 28.4%

Annual consumption by Rate Group (Gj)Group 1 residential 32,333 40,899 Group 2 small commercial 5,889 7,811 Group 3 large commercial 35,344 45,376

Total 73,566 94,086

# Customers, end of yearGroup 1 residential 871 878 Group 2 small commercial 20 22 Group 3 large commercial 11 11

Total 902 911

Customer AdditionsResidential Cust. Additions 4 7 Small commercial. Cust. Additions - 2 Large commercial. Cust. Additions - -

Total 4 9

Sun Peaks Utility Co., Ltd.Gas Annual Report for Fiscal 2017Prepared July 18 /17 Schedule 4Sales Rates - Propane

Year ended April 30th 2016 2017Propane Service Fees

Application fees $85.00 $85.00Account turnover 7.3% 13.2%Service line installation - Res. & Sm. Com. $1,980.00 $1,980.00Service line installation - Lg. Com., dependent on site requirements - - Meter Set - Standard Residential $528.00 $528.00Meter Set - Small & Large Commercial, dependent on load - -

RatesGroup 1 residential

Basic charge per month $18.00 $18.00Delivery charge per Gj (at April 30) $2.4875 $2.8175Commodity charge per Gj (average for year) $12.86 $9.86

Group 2 small commercialBasic charge per month $30.00 $30.00Delivery charge per Gj (at April 30) $2.4875 $2.8175Commodity charge per Gj (average for year) $12.86 $9.86

Group 3 large commercialBasic charge per month $120.00 $120.00Delivery charge per Gj (at April 30) $2.9875 $3.3175Commodity charge per Gj (average for year) $12.86 $9.86

Cost of Gas SalesCredits to Gas Cost Recovery Account Commodity Cost for Propane /Gj (at April 30) $9.3000 $7.3500 Commodity Charge for Storage /Gj (at April 30) $2.3250 $2.3250

Percentage of Basic Charge revenue credited to GCRA 0.0% 0.0% FortisBC Administration charge per Gj (ended Aug 31/08) $0.00 $0.00FortisBC Charges (at April 30)

Residential Customer Basic Charge $14.03 $14.18Small Commercial Customer Basic Charge $14.03 $14.18Large Commercial Customer Basic Charge $14.03 $14.18

Gas Price History, as at April 30

Commodity Charge History (per Gj)Jan 1/16 - Jul

31/16Aug 1/16 - Apr 30/17

Storage facility 2.3250 2.3250 Commodity price 9.3000 9.7250 GCRA recovery - (2.3750) Total gas Commodity Charge 11.6250 9.6750 Residential delivery charge (Lg Com + $.50) 2.4875 2.8175 Total selling price per Gj (Lg. Com + $.50) 14.1125 12.4925

Residential Delivery Charge History (per Gj)SPUCL delivery charge as at April 30 (Lg Com + $.50) 2.4875 2.8175

Year Over Year price change per Gj as at April 30Total gas Commodity Charge (8.3008) (1.9500) Residential delivery charge No change 0.3300 Change in Total selling price per Gj at April 30 (8.3008) (1.6200)


Schedule 5

Gross Profit - PropaneDifference


RevenuesGas Sales Revenue (Sch 2) Basic charge revenue 211,356 213,186 1,830 Delivery charge revenue 200,666 284,859 84,193 Commodity revenue 946,085 927,512 (18,573)

Total Gas Sales Revenue 1,358,107 1,425,557 67,450

Other Revenues: Application fees 5,950 10,795 4,845 Service Line & Meter Installations 7,524 26,070 18,546 Grid Extensions - - - Late Payment Fees 3,037 2,683 (354) Other Revenues 9,265 3,204 (6,061)

Total Revenue 1,383,883 1,468,309 84,426

Cost of Sales

Cost of Gas Sales FortisBC Residential basic charge 146,782 149,485 2,703 FortisBC Sm Commercial basic charge 3,367 3,531 164 FortisBC Lg. Commercial basic charge 1,852 1,886 34 Less: allocation to O & M (152,001) (154,902) (2,901) Propane/Gas Cost Recovery Charges

Commodity Charge for Propane 780,055 708,758 (71,297) Commodity Charge for Storage 165,990 218,750 52,760

Cost of Gas Sales 946,045 927,508 (18,537)

Administration Charges - - -

Total Cost of Gas 946,045 927,508 (18,537)

Average gas cost per Gj sold 12.86 9.86 (3.00)

Cost of Service Line & Meter Installations 5,700 21,046 15,346 Cost of Grid Extension - - - Total Cost of Sales 951,745 948,554 (3,191)

Gross Profit 432,138 519,755 87,617

Gas Annual Report for Fiscal 2017Prepared July 18 /17

Schedule 6

Gas Plant, Other Capital & Amortization - Propane

Year ended April 30th 2015 & Prior 2016 2017

Gas Plant Additions FundingPropane Plant Improvements SPUCL 24,395 - - Service Line Installations Customers 515,681 4,500 17,096 Service Line & Valve Installations SPUCL 14,077 - - Meter connections Customers 275,475 1,200 3,950 Meter replacement SPUCL 35,869 - - Grid extensions SPRC 646,859 - - Sun Peaks Rd Main Replacement SPUCL 72,242 - -

Gas Plant Additions for year 1,584,598 5,700 21,046 Amortization (Net of Contributions)

Propane Plant Improvements 35 yrs. 10,455 697 697 Service Lines & Valves 70 yrs. 996 201 201 Meters 35 yrs. 14,909 1,025 1,025 Sun Peaks Rd Main Replacement 70 yrs. 12,384 1,032 1,032

38,744 2,955 2,955 End of Year Gross Plant cost to date

Propane Plant 24,395 24,395 24,395 Service Lines 529,758 534,258 551,354 Meters 311,344 312,544 316,494 Mains & Grid Extensions 719,101 719,101 719,101

End of Year Gross Plant cost to date 1,584,598 1,590,298 1,611,344 End of Year Contributions in Aid to Gas Plant

Service Line Installations 515,681 520,181 537,277 Meters 275,475 276,675 280,625 Mains & Grid Extensions 646,859 646,859 646,859

End of Year Contributions 1,438,015 1,443,715 1,464,761 End of Year Net Gas Plant funded by SPUCL

Propane Plant 13,940 13,243 12,546 Service Lines 13,081 12,880 12,678 Meters 20,960 19,935 18,910 Mains 59,858 58,826 57,794 End of Year Net Gas Plant A 107,839 104,884 101,928

Other Capital AdditionsGas Plant fencing - - - Other Capital Additions - - -

Other Capital Additions - - - End of Year Gross Other Capital 4,893 4,893 4,893 Less: Amortization

Gas Plant fencing 5 yrs. 979 979 979 Other Capital Additions 5 yrs. - - -

Other Amortization total 979 979 979 Amortization total for year 39,723 3,934 3,934 End of Year Net Other Capital B 3,425 2,447 1,468 Ending GCRA Balance C 137,765 (168,490) (24,910) Working Capital (Avg. 3 Mo. Lag) D 44,085 44,936 51,766 End of Year Net Capital Employed A+B+C+D 293,113 (16,224) 130,252 Amortization for year 3,934 3,934 3,934

Sun Peaks Utility Company Limited

Gas Annual Report for Fiscal 2017Prepared July 18 /17 Schedule 7

Gas Cost Reconciliation Account - Propane

Year ended April 30th Ref 2015 2016 2017Commodity CostsUsage per gas meters

Annual consumption (GJ sold from Sch 3) A 72,271 73,566 94,086 Vaporizer Fuel Use (GJ) B 1,061 1,060 1,460 Vaporizer Fuel Use as a % of annual sales B/A 1.47% 1.44% 1.55%Total consumption (GJ) A+B=C 73,332 74,626 95,546

Usage per gas deliveriesPropane Deliveries (litres) E 3,073,092 3,086,965 3,795,146 (Increase) Decrease in propane inventory F (27,216) (10,206) 39,690 Propane Usage (litres) E+F=G 3,045,876 3,076,759 3,834,836

Propane Usage (GJ) @ 39.4 per L G/39.4=H 77,306 78,090 97,331

Unaccounted For (GJ) H-C=D 3,974 3,464 1,785 Unaccounted For as a % of total consumption D/C 5.42% 4.64% 1.87%

Average Price of propane purchased (cents/litre) N/E=I 34.45 14.95 23.72 Purchase usage/GJ of Sales H/A=J 1.070 1.062 1.034 Commodity Cost of Sales (cents/litre) IxJ=K 36.85 15.87 24.54 Commodity Cost of Sales ($/GJ) Kx39.4/100 $14.520 $6.252 $9.669Net Storage Cost of Sales ($/GJ) (L+M)/A $2.441 $2.398 $1.875

FortisBC GCRA AccountStarting GCRA Balance 292,903 137,765 (168,490) Storage Facility Charges L 176,400 176,400 176,400 Basic Charge Credit M - - - Propane Cost N 1,058,743 461,497 900,332 Gas Cost Recovery (1,294,441) (780,094) (708,758) Commodity reduction payment by SPUCL - - - Extra trucking charges due to road conditions - - - Interest Charges 11,372 1,931 (5,643) Storage Facility Credit (107,212) (165,989) (218,751)

Ending GCRA Balance 137,765 (168,490) (24,910)

April 30 Propane Inventory on Hand Tank #1 63% 65% 56% Tank #2 63% 65% 56% Tank #3 61% 63% 55% Tank #4 62% 65% 56%Tank Capacity (litres) 113,400 113,400 113,400 Tank #1 (litres) 71,442 73,710 63,504 Tank #2 (litres) 71,442 73,710 63,504 Tank #3 (litres) 69,174 71,442 62,370 Tank #4 (litres) 70,308 73,710 63,504 Propane inventory at year end (litres) 282,366 292,572 252,882

Inventory Change from previous year (litres) F 27,216 10,206 (39,690)





Appendix B – Gas Cost Reconciliation Account (GCRA) May1, 2016 to April 30, 2017



1 of 4

Sun Peaks Utilities Co LtdFortis BC - Gas Cost Reconcilation Account (GCRA) May 1/16 - April 30/17

Propane TotalConsumption/ Unit Beginning Current Ending Beginning Current Ending GCRA

Delivery Price Balance Balance Balance Balance Balance

Apr 30/16 Balance Forward (11,220.07) (157,270.32) (168,490.39)

May'16 Interest Charge @ 3.75% 31 d (11,220.07) (52.03) (11,272.10) (157,270.32) (446.80) (157,717.12) (168,989.22) Interest Charge @ 3.75% from May 25 to May 31 6 d (11,272.10) 9.06 (11,263.04) (157,717.12) (157,717.12) (168,980.16)

on $14,700May Storage Facility Recovery 3,322.7 GJ 2.3250$ (11,263.04) (7,725.3) (18,988.32) (157,717.12) (157,717.12) (176,705.44) May Commodity Reference Recovery 3,322.7 GJ 9.3000$ (18,988.32) (18,988.32) (157,717.12) (30,901.11) (188,618.23) (207,606.55) May Storage Facility Charge (due May 25, 2016) (18,988.32) 14,700.00 (4,288.32) (188,618.23) (188,618.23) (192,906.55) Superior Gas 136 62,502 0.14382$ (4,288.32) (4,288.32) (188,618.23) 8,989.04 (179,629.19) (183,917.51) Superior Gas 137 61,003 0.15128$ (4,288.32) (4,288.32) (179,629.19) 9,228.54 (170,400.65) (174,688.97)

123,505 0.14750$ 18,217.58

Jun'16 Interest Charge @ 3.75% 30 d (4,288.32) (34.71) (4,323.03) (170,400.65) (486.11) (170,886.76) (175,209.79) Interest Charge @ 3.75% from June 25 to June 30 5 d (4,323.03) 7.55 (4,315.48) (170,886.76) (170,886.76) (175,202.24)

on $14,700Jun Storage Facility Recovery 2,756.4 GJ 2.3250$ (4,315.48) (6,408.6) (10,724.11) (170,886.76) (170,886.76) (181,610.87) Jun Commodity Reference Recovery 2,756.4 GJ 9.3000$ (10,724.11) (10,724.11) (170,886.76) (25,634.52) (196,521.28) (207,245.39) Jun Storage Facility Charge (due Jun 25, 2016) (10,724.11) 14,700.00 3,975.89 (196,521.28) (196,521.28) (192,545.39) Superior Gas 138 62,003 0.16248$ 3,975.89 3,975.89 (196,521.28) 10,074.25 (186,447.03) (182,471.14) Superior Gas 139 60,005 0.16248$ 3,975.89 3,975.89 (186,447.03) 9,749.62 (176,697.41) (172,721.52)

122,008 0.16248$ 19,823.87

Jul'16 Interest Charge @ 3.75% 31 d 3,975.89 (13.74) 3,962.15 (176,697.41) (544.26) (177,241.67) (173,279.52) Interest Charge @ 3.75% from July 25 to July 31 6 d 3,962.15 9.06 3,971.21 (177,241.67) (177,241.67) (173,270.46)

on $14,700Jul Storage Facility Recovery 2,754.0 GJ 2.3250$ 3,971.21 (6,403.1) (2,431.84) (177,241.67) (177,241.67) (179,673.51) Jul Commodity Reference Recovery 2,754.0 GJ 9.3000$ (2,431.84) (2,431.84) (177,241.67) (25,612.20) (202,853.87) (205,285.71) Jul Storage Facility Charge (due Jul 25, 2016) (2,431.84) 14,700.00 12,268.16 (202,853.87) (202,853.87) (190,585.71) Superior Gas 140 61,002 0.16862$ 12,268.16 12,268.16 (202,853.87) 10,286.17 (192,567.70) (180,299.54)

61,002 0.16862$ 10,286.17

Aug'16 Interest Charge @ 3.75% 31 d 12,268.16 12.65 12,280.81 (192,567.70) (564.50) (193,132.20) (180,851.39) Interest Charge @ 3.75% from Aug 25 to Aug 31 6 d 12,280.81 9.06 12,289.87 (193,132.20) (193,132.20) (180,842.33)

on $14,700Aug Storage Facility Recovery 3,226.5 GJ 2.3250$ 12,289.87 (7,501.6) 4,788.26 (193,132.20) (193,132.20) (188,343.94) Aug Commodity Reference Recovery 3,226.5 GJ 7.3500$ 4,788.26 4,788.26 (193,132.20) (23,714.78) (216,846.97) (212,058.71) Aug Storage Facility Charge (due Aug 25, 2016) 4,788.26 14,700.00 19,488.26 (216,846.97) (216,846.97) (197,358.71) Superior Gas 141 64,013 0.12706$ 19,488.26 19,488.26 (216,846.97) 8,133.50 (208,713.47) (189,225.21)

64,013 0.12706$ 8,133.50

Sep'16 Interest Charge @ 3.75% 30 d 19,488.26 37.88 19,526.14 (208,713.47) (595.27) (209,308.74) (189,782.60) Interest Charge @ 3.75% from Sep 25 to Sep 30 5 d 19,526.14 7.55 19,533.69 (209,308.74) (209,308.74) (189,775.05)

on $14,700Sep Storage Facility Recovery 4,379.5 GJ 2.3250$ 19,533.69 (10,182.34) 9,351.35 (209,308.74) (209,308.74) (199,957.39) Sep Commodity Reference Recovery 4,379.5 GJ 7.3500$ 9,351.35 9,351.35 (209,308.74) (32,189.33) (241,498.07) (232,146.72) Sep Storage Facility Charge (due Sep 25, 2016) 9,351.35 14,700.00 24,051.35 (241,498.07) (241,498.07) (217,446.72) Superior Gas 142 61,502 0.15243$ 24,051.35 24,051.35 (241,498.07) 9,374.75 (232,123.32) (208,071.97) Superior Gas 143 61,003 0.15743$ 24,051.35 24,051.35 (232,123.32) 9,603.71 (222,519.61) (198,468.26) Superior Gas 144 61,656 0.16576$ 24,051.35 24,051.35 (222,519.61) 10,220.05 (212,299.56) (188,248.21) Superior Gas 145 61,003 0.17143$ 24,051.35 24,051.35 (212,299.56) 10,457.76 (201,841.80) (177,790.45)

245,164 0.16175$ 39,656.27

Storage Facility Account Commodity Reference Account

2 of 4





Oct'16 Interest Charge @ 3.75% 31 d 24,051.35 62.21 24,113.56 (201,841.80) (666.63) (202,508.43) (178,394.87) Interest Charge @ 3.75% from Oct 25 to Oct 31 6 d 24,113.56 9.06 24,122.62 (202,508.43) (202,508.43) (178,385.81)

on $14,700Oct Storage Facility Recovery 6,083.0 GJ 2.3250$ 24,122.62 (14,142.98) 9,979.65 (202,508.43) (202,508.43) (192,528.78) Oct Commodity Reference Recovery 6,083.0 GJ 7.3500$ 9,979.65 9,979.65 (202,508.43) (44,710.05) (247,218.48) (237,238.83) Oct Storage Facility Charge (due Oct 25, 2016) 9,979.65 14,700.00 24,679.65 (247,218.48) (247,218.48) (222,538.83) Superior Gas 146 63,605 0.16297$ 24,679.65 24,679.65 (247,218.48) 10,365.70 (236,852.78) (212,173.13) Superior Gas 147 61,001 0.19964$ 24,679.65 24,679.65 (236,852.78) 12,178.24 (224,674.54) (199,994.89) Superior Gas 148 63,169 0.18464$ 24,679.65 24,679.65 (224,674.54) 11,663.52 (213,011.02) (188,331.37) Superior Gas 149 64,138 0.18997$ 24,679.65 24,679.65 (213,011.02) 12,184.29 (200,826.73) (176,147.08) Superior Gas 150 64,082 0.20264$ 24,679.65 24,679.65 (200,826.73) 12,985.58 (187,841.15) (163,161.50)

315,995 0.18791$ 59,377.33

Nov'16 Interest Charge @ 3.75% 30 d 24,679.65 74.35 24,754.00 (187,841.15) (624.17) (188,465.32) (163,711.32) Interest Charge @ 3.75% from Nov 25 to Nov 30 5 d 24,754.00 7.55 24,761.55 (188,465.32) (188,465.32) (163,703.77)

on $14,700Nov Storage Facility Recovery 7,712.7 GJ 2.3250$ 24,761.55 (17,932.03) 6,829.52 (188,465.32) (188,465.32) (181,635.80) Nov Commodity Reference Recovery 7,712.7 GJ 7.3500$ 6,829.52 6,829.52 (188,465.32) (56,688.35) (245,153.66) (238,324.14) Nov Storage Facility Charge (due Nov 25, 2016) 6,829.52 14,700.00 21,529.52 (245,153.66) (245,153.66) (223,624.14) Superior Gas 151 61,757 0.20305$ 21,529.52 21,529.52 (245,153.66) 12,539.77 (232,613.89) (211,084.37) Superior Gas 152 65,122 0.20305$ 21,529.52 21,529.52 (232,613.89) 13,223.02 (219,390.87) (197,861.35) Superior Gas 153 62,003 0.20138$ 21,529.52 21,529.52 (219,390.87) 12,486.17 (206,904.70) (185,375.18) Superior Gas 154 63,589 0.20138$ 21,529.52 21,529.52 (206,904.70) 12,805.55 (194,099.15) (172,569.63) Superior Gas 155 63,255 0.20438$ 21,529.52 21,529.52 (194,099.15) 12,928.07 (181,171.08) (159,641.56)

315,726 0.20265$ 63,982.58

Dec'16 Interest Charge @ 3.75% 31 d 21,529.52 78.86 21,608.38 (181,171.08) (600.25) (181,771.33) (160,162.95) Interest Charge @ 3.75% from Dec 25 to Dec 31 6 d 21,608.38 9.06 21,617.44 (181,771.33) (181,771.33) (160,153.89)

on $14,700Dec Storage Facility Recovery 16,051.9 GJ 2.3250$ 21,617.44 (37,320.67) (15,703.23) (181,771.33) (181,771.33) (197,474.56) Dec Commodity Reference Recovery 16,051.9 GJ 7.3500$ (15,703.23) (15,703.23) (181,771.33) (117,981.47) (299,752.80) (315,456.03) Dec Storage Facility Charge (due Dec 25, 2016) (15,703.23) 14,700.00 (1,003.23) (299,752.80) (299,752.80) (300,756.03) Superior Gas 156 65,117 0.21057$ (1,003.23) (1,003.23) (299,752.80) 13,711.70 (286,041.10) (287,044.33) Superior Gas 157 62,195 0.23023$ (1,003.23) (1,003.23) (286,041.10) 14,319.16 (271,721.94) (272,725.17) Superior Gas 158 62,136 0.23023$ (1,003.23) (1,003.23) (271,721.94) 14,305.57 (257,416.37) (258,419.60) Superior Gas 159 64,996 0.23957$ (1,003.23) (1,003.23) (257,416.37) 15,571.09 (241,845.28) (242,848.51) Superior Gas 160 64,115 0.24423$ (1,003.23) (1,003.23) (241,845.28) 15,658.81 (226,186.47) (227,189.70) Superior Gas 161 62,151.8 0.26938$ (1,003.23) (1,003.23) (226,186.47) 16,742.45 (209,444.02) (210,447.25) Superior Gas 162 62,006 0.27772$ (1,003.23) (1,003.23) (209,444.02) 17,220.29 (192,223.73) (193,226.96) Superior Gas 163 63,506 0.28372$ (1,003.23) (1,003.23) (192,223.73) 18,017.92 (174,205.81) (175,209.04) Superior Gas 163A - 0.00333$ (1,003.23) (1,003.23) (174,205.81) 211.47 (173,994.34) (174,997.57) Superior Gas 164 61,460.8 0.28872$ (1,003.23) (1,003.23) (173,994.34) 17,744.96 (156,249.38) (157,252.61) Superior Gas 165 64,704 0.28872$ (1,003.23) (1,003.23) (156,249.38) 18,681.34 (137,568.04) (138,571.27) Superior Gas 166 63,006 0.27190$ (1,003.23) (1,003.23) (137,568.04) 17,131.34 (120,436.70) (121,439.93)

695,394 0.25786$ 179,316.10

Jan'17 Interest Charge @ 3.75% 31 d (1,003.23) 68.85 (934.38) (120,436.70) (578.93) (121,015.63) (121,950.01) Interest Charge @ 3.75% from Jan 25 to Jan 31 6 d (934.38) 9.06 (925.32) (121,015.63) (121,015.63) (121,940.95)

on $14,700

3 of 4





Jan Storage Facility Recovery 16,873.4 GJ 2.3250$ (925.32) (39,230.66) (40,155.97) (121,015.63) (121,015.63) (161,171.60) Jan Commodity Reference Recovery 16,873.4 GJ 7.3500$ (40,155.97) (40,155.97) (121,015.63) (124,019.49) (245,035.12) (285,191.09) Jan Storage Facility Charge (due Jan 25, 2017) (40,155.97) 14,700.00 (25,455.97) (245,035.12) (245,035.12) (270,491.09) Superior Gas 167 65,235 0.28437$ (25,455.97) (25,455.97) (245,035.12) 18,550.88 (226,484.24) (251,940.21) Superior Gas 168 63,101 0.28937$ (25,455.97) (25,455.97) (226,484.24) 18,259.53 (208,224.71) (233,680.68) Superior Gas 169 61,803 0.28257$ (25,455.97) (25,455.97) (208,224.71) 17,463.76 (190,760.95) (216,216.92) Superior Gas 170 29,998 0.25734$ (25,455.97) (25,455.97) (190,760.95) 7,719.68 (183,041.27) (208,497.24) Superior Gas 171 63,001 0.25734$ (25,455.97) (25,455.97) (183,041.27) 16,212.67 (166,828.60) (192,284.57) Superior Gas 172 60,007 0.28257$ (25,455.97) (25,455.97) (166,828.60) 16,956.17 (149,872.43) (175,328.40) Superior Gas 173 35,191 0.25734$ (25,455.97) (25,455.97) (149,872.43) 9,056.05 (140,816.38) (166,272.35) Superior Gas 173A 30,174 0.29671$ (25,455.97) (25,455.97) (140,816.38) 8,952.92 (131,863.46) (157,319.43) Superior Gas 174 63,000 0.29671$ (25,455.97) (25,455.97) (131,863.46) 18,692.73 (113,170.73) (138,626.70) Superior Gas 175 64,992 0.30337$ (25,455.97) (25,455.97) (113,170.73) 19,716.62 (93,454.11) (118,910.08) Superior Gas 176 61,995 0.30837$ (25,455.97) (25,455.97) (93,454.11) 19,117.39 (74,336.72) (99,792.69)

598,497 0.28521$ 170,698.40

Feb'17 Interest Charge @ 3.75% 28 d (25,455.97) (2.66) (25,458.63) (74,336.72) (348.13) (74,684.85) (100,143.48) Interest Charge @ 3.75% from Feb 25 to Feb 28 3 d (25,458.63) 4.53 (25,454.10) (74,684.85) (74,684.85) (100,138.95)

on $14,700Feb Storage Facility Recovery 12,357.4 GJ 2.3250$ (25,454.10) (28,730.96) (54,185.06) (74,684.85) (74,684.85) (128,869.91) Feb Commodity Reference Recovery 12,357.4 GJ 7.3500$ (54,185.06) (54,185.06) (74,684.85) (90,826.89) (165,511.74) (219,696.80) Feb Storage Facility Charge (due Feb 25, 2017) (54,185.06) 14,700.00 (39,485.06) (165,511.74) (165,511.74) (204,996.80) Superior Gas 177 65,100 0.32371$ (39,485.06) (39,485.06) (165,511.74) 21,073.52 (144,438.22) (183,923.28) Superior Gas 178 60,103 0.25745$ (39,485.06) (39,485.06) (144,438.22) 15,473.51 (128,964.71) (168,449.77) Superior Gas 179 64,704 0.28275$ (39,485.06) (39,485.06) (128,964.71) 18,295.05 (110,669.66) (150,154.72) Superior Gas 180 60,994 0.25745$ (39,485.06) (39,485.06) (110,669.66) 15,702.90 (94,966.76) (134,451.82) Superior Gas 181 62,661 0.28275$ (39,485.06) (39,485.06) (94,966.76) 17,717.40 (77,249.36) (116,734.42) Superior Gas 182 58,104 0.30518$ (39,485.06) (39,485.06) (77,249.36) 17,732.30 (59,517.06) (99,002.12) Superior Gas 183 61,000 0.28482$ (39,485.06) (39,485.06) (59,517.06) 17,374.02 (42,143.04) (81,628.10) Superior Gas 184 62,497 0.27648$ (39,485.06) (39,485.06) (42,143.04) 17,279.18 (24,863.86) (64,348.92)

495,163 0.28404$ 140,647.88

Mar'17 Interest Charge @ 3.75% 31 d (39,485.06) (81.07) (39,566.13) (24,863.86) (237.87) (25,101.73) (64,667.86) Interest Charge @ 3.75% from Mar 25 to Mar 31 6 d (39,566.13) 9.06 (39,557.07) (25,101.73) (25,101.73) (64,658.80)

on $14,700Mar Storage Facility Recovery 11,270.6 GJ 2.3250$ (39,557.07) (26,204.15) (65,761.21) (25,101.73) (25,101.73) (90,862.94) Mar Commodity Reference Recovery 11,270.6 GJ 7.3500$ (65,761.21) (65,761.21) (25,101.73) (82,838.91) (107,940.64) (173,701.85) Mar Storage Facility Charge (due Mar 25, 2017) (65,761.21) 14,700.00 (51,061.21) (107,940.64) (107,940.64) (159,001.85) Superior Gas 185 65,099 0.26182$ (51,061.21) (51,061.21) (107,940.64) 17,044.23 (90,896.41) (141,957.62) Superior Gas 186 62,007 0.28259$ (51,061.21) (51,061.21) (90,896.41) 17,522.56 (73,373.85) (124,435.06) Superior Gas 187 61,918 0.25735$ (51,061.21) (51,061.21) (73,373.85) 15,934.60 (57,439.25) (108,500.46) Superior Gas 188 62,106 0.25735$ (51,061.21) (51,061.21) (57,439.25) 15,982.98 (41,456.27) (92,517.48) Superior Gas 189 63,169 0.25735$ (51,061.21) (51,061.21) (41,456.27) 16,256.54 (25,199.73) (76,260.94) Superior Gas 190 800 0.27715$ (51,061.21) (51,061.21) (25,199.73) 221.72 (24,978.01) (76,039.22) Superior Gas 190A 27,710 0.26818$ (51,061.21) (51,061.21) (24,978.01) 7,431.27 (17,546.74) (68,607.95) Superior Gas 191 30,055 0.25618$ (51,061.21) (51,061.21) (17,546.74) 7,699.49 (9,847.25) (60,908.46) Superior Gas 192 29,054 0.25118$ (51,061.21) (51,061.21) (9,847.25) 7,297.78 (2,549.47) (53,610.68) Superior Gas 193 30,003 0.27147$ (51,061.21) (51,061.21) (2,549.47) 8,144.93 5,595.46 (45,465.75) Superior Gas 194 30,036 0.24285$ (51,061.21) (51,061.21) 5,595.46 7,294.24 12,889.70 (38,171.51) Superior Gas 195 30,049 0.23952$ (51,061.21) (51,061.21) 12,889.70 7,197.33 20,087.03 (30,974.18)

4 of 4





Superior Gas 196 30,201 0.25981$ (51,061.21) (51,061.21) 20,087.03 7,846.54 27,933.57 (23,127.64) 522,207 0.26019$ 135,874.21

Apr'17 Interest Charge @ 3.75% 30 d (51,061.21) (121.92) (51,183.13) 27,933.57 (77.38) 27,856.19 (23,326.94) Interest Charge @ 3.75% from Apr 25 to Apr 30 5 d (51,183.13) 7.54 (51,175.59) 27,856.19 27,856.19 (23,319.40)

on ($14,700) (51,175.59) (51,175.59) 27,856.19 27,856.19 (23,319.40) Apr Storage Facility Recovery 7,298.1 GJ 2.3250$ (51,175.59) (16,968.08) (68,143.68) 27,856.19 27,856.19 (40,287.48) Apr Commodity Reference Recovery 7,298.1 GJ 7.3500$ (68,143.68) (68,143.68) 27,856.19 (53,641.04) (25,784.84) (93,928.52) Apr Storage Facility Charge (due Apr 25, 2017) (68,143.68) 14,700.00 (53,443.68) (25,784.84) (25,784.84) (79,228.52) Superior Gas 197 29,039 0.22785$ (53,443.68) (53,443.68) (25,784.84) 6,616.54 (19,168.30) (72,611.98) Superior Gas 198 30,001 0.24814$ (53,443.68) (53,443.68) (19,168.30) 7,444.45 (11,723.85) (65,167.53) Superior Gas 199 29,023 0.22785$ (53,443.68) (53,443.68) (11,723.85) 6,612.89 (5,110.96) (58,554.64) Superior Gas 200 26,316 0.22852$ (53,443.68) (53,443.68) (5,110.96) 6,013.72 902.76 (52,540.92) Superior Gas 201 29,058 0.23452$ (53,443.68) (53,443.68) 902.76 6,814.68 7,717.44 (45,726.24) Superior Gas 202 29,040 0.23452$ (53,443.68) (53,443.68) 7,717.44 6,810.46 14,527.90 (38,915.78) Superior Gas 203 29,997 0.21885$ (53,443.68) (53,443.68) 14,527.90 6,564.85 21,092.75 (32,350.93) Superior Gas 204 33,998 0.21885$ (53,443.68) (53,443.68) 21,092.75 7,440.47 28,533.22 (24,910.46)

236,472 0.22970$ 54,318.06

Total propane delivered for period 3,795,146 L Av Cost per L 0.23723$

Total propane billed for period 94,086.2 GJ

May 1/16 - April 30/17 GCRA Summary Beginning balance (11,220.07) Begin balance (157,270.32) (168,490.39) Interest Charges 126.81 Interest Charges (5,770.30)

Storage facility recovery (218,750.42) Com'dty recovery (708,758.12) Storage facility charge 12 mo @ $14,700 /mo 176,400.00 Com'dty charges 900,331.95

Change for period (42,223.61) Change for period 185,803.54 143,579.93

Ending balance April 30/17 (53,443.68) 28,533.22 (24,910.46)





Appendix C – Sun Peaks Utilities Financial Statements

as reviewed by PriceWaterhouse Coopers



Documents

July 18, 2017 Commission Secretary British Columbia ... · Commodity Charge for Propane 780,055 708,758 (71,297) Commodity Charge for Storage 165,990 218,750 52,760 Cost of Gas Sales