FortisBC Inc. (FortisBC) Application for a Certificate of Public ...

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Response:
FortisBC Inc. (FortisBC or the Company)
Application for a Certificate of Public Convenience and Necessity
for the Advanced Metering Infrastructure Project
Response to British Columbia Utilities Commission (BCUC or the Commission)
Information Request (IR) No. 1
Submission Date:
October 5, 2012
Page 154
The amounts included in each of the exhibits listed above are presented in nominal dollars.
Response:
67.2 Please discuss how the general inflation rate beyond 2016 was calculated.
Inflation beyond 2016 was held steady at the average inflation forecast for the 2012 – 2016
period based on a Conference Board of Canada Provincial forecast dated April 19, 2012 of BC
CPI for the period 2012 – 2016 inclusive.
68.0 Reference: Project Costs and Benefits
Response:
Exhibit B-3, Excel Document: “FortisBC – AMI Excel NPV Analysis –
17Aug12”
Inflation and Cost Escalation
68.1 For each of the tabs listed below, please confirm if the figures presented in
columns 1 through 20, inclusive, are presented in real or nominal dollars:
• Net AMI
• Gross AMI
• Net PLC
• Gross PLC
• Net AMR
• Gross AMR
• Status Quo
With the exception of figures presented as percentages, all of the figures in columns 1 through
20 inclusive are presented in nominal dollars.