Commissioner Responds to Regulatory Account Balances Proposal

April 8, 2014
BC Ferries Management of Regulatory Account Balances Proposal Rejected

In December 2013, the BC Ferries proposed that a regulatory policy be established 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.

After considering comments from the Ferry Advisory Committee (FAC) Chairs, the Commission rejected BC Ferries’ proposal. However, the Commission has granted BC Ferries the authority to transfer revenue earned in fiscal 2014 in excess of the price cap to a fuel deferral account.

Click here for Commission Memorandum 45 which outlines the Commissioners decision and includes BC Ferries’ proposal and comments from the FAC chairs.