FEI-FEVI 2010 EEC Report filed March 31, 2011 - FortisBC

TERASEN GAS (VANCOUVER ISLAND) INC. Nov. 5 2009 NSP Agreement Section C
Tab 13
EMBEDDED COST OF LONG-TERM DEBT Schedule 73
FOR THE YEAR ENDING DECEMBER 31, 2011
($000s)
Principal Net Effective Average 2
Line Issue Maturity Coupon Amount of Issue Proceeds of Interest Principal Annual
No. Particulars Date Date Rate Issue Expense Issue Cost Outstanding Cost
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10)
1 Long Term Debt 1 16-Feb-2006 15-Feb-2038 6.050% $250,000 2,014 $247,986 6.108% $250,000 $15,270
2 Long Term Debt 2 1-Oct-2010 1-Oct-2039 6.004% 100,000 1,000 99,000 6.078% 100,000 6,078
3 Long Term Debt 3 1-Oct-2011 1-Oct-2041 6.892% 100,000 1,000 99,000 6.972% 25,205 1,757
4 PCEPA Repayment Loan 1-Jan-2008 1-Jan-2013 4.880% 15,526 -
15,526 5.181% 15,526 804
5 Long Term (Rate Base) Debt 465,526 4,014 461,512 390,731 23,909
6 Series 1 RDDA Sub Debt 1-Jun-2006 11-Jan-2011 7.280% 7.280% -
7 Series 2 RDDA Sub Debt 1-Jun-2002 31-Jul-2012 7.370% 7.370% -
8 Series 4 RDDA Sub Debt 1-Jun-2004 14-May-2009 6.820% 6.820% -
9 Series 5 RDDA Sub Debt 1-Jun-2005 6-Jul-2010 5.950% 5.950% -
10 Series 7 RDDA Sub Debt 1-Jun-2007 26-Jun-2012 7.370% 7.370% -
11 -
12 RDDA Subtotal -
13 Total with Sub Debt $390,731 $23,909 x-ref Schedule 69
14 Average Embedded Cost before Sub Debt 6.119%
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APPENDIX A
to Order G-140-09
Page 97 of 102