BILL 5 – 2002: VANCOUVER ISLAND NATURAL GAS PIPELINE AMENDMENT ACT, 2002

2002 Legislative Session: 3rd Session, 37th Parliament
FIRST READING

The following electronic version is for informational purposes only.
The printed version remains the official version.

HONOURABLE RICHARD NEUFELD
MINISTER OF ENERGY AND MINES

BILL 5 – 2002

VANCOUVER ISLAND NATURAL GAS PIPELINE AMENDMENT ACT, 2002

HER MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of British Columbia, enacts as follows:

1 Section 3 of the Vancouver Island Natural Gas Pipeline Act, R.S.B.C. 1996, c. 474, is amended

(a) by striking out "Subject to the approval of the Lieutenant Governor in Council, the minister" and substituting "The minister", and

(b) by striking out ", or" at the end of paragraph (d) and by adding the following:

(f) BC Gas Inc.,

(g) Centra Gas British Columbia Inc.,

(h) Westcoast Power Holdings Inc.,

(i) CGBC Holdings Inc., or

(j) any other person approved by the Lieutenant Governor in Council .

Certain agreements confirmed

2 (1) The Escrow Agreement dated December 21, 2001 and entered into by the following parties:

(a) Westcoast Energy Inc.;

(b) Her Majesty the Queen in Right of the Province of British Columbia;

(d) Centra Gas British Columbia Inc.;

(e) Westcoast Power Holdings Inc.;

(f) CGBC Holdings Inc.;

(g) Farris, Vaughan, Wills & Murphy

is deemed to be an agreement entered into under section 3 of the Vancouver Island Natural Gas Pipeline Act as amended by this Act and Farris, Vaughan, Wills & Murphy is deemed to be a person that, before entering into the Escrow Agreement, received the approval of the Lieutenant Governor in Council under section 3 (j) of the Vancouver Island Natural Gas Pipeline Act as amended by this Act.

(2) The Novation Agreement described in the Escrow Agreement referred to in subsection (1) and entered into by the parties specified in subsection (1) (a) to (f) of this section is deemed to be an agreement entered into under section 3 of the Vancouver Island Natural Gas Pipeline Act as amended by this Act.

Commencement

3 Sections 1 and 2 are deemed to have come into force on December 20, 2001 and are retroactive to the extent necessary to give them effect on and after that date.

Explanatory Notes

This Bill

allows the minister to enter into agreements with BC Gas Inc., Centra Gas British Columbia Inc., Westcoast Power Holdings Inc. and CGBC Holdings Inc.;
allows the minister to enter into agreements with any other person approved by the Lieutenant Governor in Council;
is retroactive to December 20, 2001.

Under sections 2 and 3, certain existing agreements are deemed to have been entered into under section 3 of the Vancouver Island Natural Gas Pipeline Act, as amended by this Bill.