Commission Seeks Public Comment on Proposed Regulatory Account Balances

January 6, 2014
Opportunity to Provide Public Comment on BC Ferries’ Proposal for Managing Regulatory Account Balances

The British Columbia Ferry Commission is seeking public comment on BC Ferries’ proposal  that a regulatory policy be established.  The company is suggesting a policy that would enable it to transfer price cap regulatory account balances to or from a fuel deferral account for the non-Northern routes at fiscal year-end.

For example, in a year where the company has a positive balance in one account and a negative balance in the other, the two amounts could be off set.  The effect, according to the proposal, would avoid a situation where the company is implementing both a fuel surcharge and a price saver discount at the same time.   The company has proposed that it be granted the authority to make such transfers, from time to time, at its discretion.

The commission is seeking public comment on whether such transfers should be allowed, and if so, whether they should be at the discretion of the company.

Click here for a copy of BC Ferries’ proposal and background information.

Comments or submissions can be sent by email to info@bcferrycommission.com or by mail to BC Ferry Commission, PO Box 9279 Stn Prov Govt, Victoria BC, V8W9J7.

The deadline for public comments or submissions is January 27, 2014. Comments or submissions received by the Ferry Commission may, at the discretion of the commissioner, be published on its website.