Memorandum 41 2011-01-02
Preliminary Determination of Return on Equity of 12.73% per year for the Third Performance Term.
Preliminary Determination of Return on Equity of 12.73% per year for the Third Performance Term.
As you are aware, section 45.1 of the Coastal Ferry Act came into force on June 24, 2010. The Commission has held brief discussions with some stakeholders (three ferry operators including BC Ferries, and one trucking company), at their initiative and without prejudice to any future decisions of the Commission, to listen to their views,
The Service Plan is used to project the Commission’s costs for the year, summarized in Figure 1. Total expenditure for fiscal year 2009/10 is budgeted at $307,000, including a 5% contingency due to uncertainty in activity level. This total is an estimated 80% of the maximum permitted for the Commission’s expenditure budget set out in
I am pleased to submit to you the seventh Annual Report of the BC Ferries Commissioner. As required by section 53 of the Coastal Ferry Act, the Report sets out briefly all applications and requests for decisions to the Commissioner under the Act, all orders issued by the Commissioner, the financial statements applicable to the