Clear Full Forecast

Terasen Natural Gas Prices Going Up

By 250 News

Monday, March 15, 2010 12:42 PM

Prince George, B.C.- Your bill for natural gas will be going up effective April 1st.
 
BC Utilities Commission has approved a 6% increase in the amount Terasen charges you for the commodity price of natural gas. Rates remain unchanged for  Vancouver Island, Whistler and Fort Nelson.
 
“Terasen Gas purchases natural gas on behalf of its customers and passes its cost on without mark-up, so customers pay what we pay,” said Cynthia Des Brisay, Vice President, Gas Supply and Transmission, Terasen Gas. “This is the first time in over a year that natural gas commodity rates have been increased and rates will still be among the lowest in five years.”
 
The increase will add about $50 dollars to the annual gas bill of the average household.
 

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Comments

Yes Terasen Gas, you may as well jump on the “screw the people” bandwagon. Hurt the elderly on fixed incomes, single mothers and the sick. Awwww what is the matter? Hydro got its 33 percent so you felt left out? The greed is becoming more and more obvious every day that passes. I am truly beginning to believe the conspiracy theories now. Everything they said about new taxes being created and everything that is a necessity such as heat was going to sky rocket. It is happening faster and more blatantly at a constant rate now. People were warning of this exact thing 20 years ago. They were laughed out of the way with negative propaganda yet here we are. We are also seeing our rights and freedoms slowly being destroyed by the very people we pay high wages to look after our interests. Now they can stop you in your vehicle even if you have done nothing wrong, next will be entering your home without cause. My grandfather said to us before he died “get off of the grid and be self sustaining”. He said it with tears in his eyes. We never thought that maybe he knew exactly what was coming. Now my father lives with the constant worry that what he saved all his life is going to be enough. My question to everyone who may care is “What are we doing to the future generations?” These are our grandchildren and children.
Thats is so not nice. Gas is expensive as it is. Give us a break eh.
It's too bad you couldn't capture all the formaldehyde in the air and burn that instead.

My house costs about 6 dollars a day to heat and light. Doesn't seem so bad considering all the other stuff people waste their money on.
IMO I don't think you have looked into what it would cost to get of the grid so to speak. Unless you want to drastically reduce your life style, add up the costs.
I said my grandfather told us to do this. And that was 25 years ago. I did not suggest that you do it. Please read the post properly.
The price increase isn`t justified..Nothing but the Campbell scam government digging in your pocket for more.

Natural gas prices are falling,there is a huge glut of natural gas on the market..

Prices will continue to fall all year.


Check out the mercantile exchange..Natural gas falling, don`t be so gullible!Check out the below link.

http://tonto.eia.doe.gov/oog/info/ngw/ngupdate.asp


Grant, I suggest you take your allegations to the BCUC.
Mr PG...They are not allegations at all, it`s a fact.

The BCUC stated that...Natural gas prices are expected to climb by 6% this year,expecting and actual are 2 different items.

The BCUC had their balls nibbled off by Gordon Campbell.

And by the way,Campbell`s next budget will be completely out of whack with bigger deficits,natural gas royalties will also collapse.

"Gordon Campbell couldn`t run a lemonade stand"

There is a glut of natural in Russia,eastern Canada,in the USA, everyone has natural gas.

With new hydro fracturing techniques,Natural gas is being pulled out of shale rock everywhere.

In fact,the USA is being called the Saudi Arabia of natural gas.

Check the link.

No bullshit.

Only...."The Straight Goods"

Well it should be no problem to prove to the BCUC then. With your work, we should be in line for a rate reduction.

Looking forward to your presentation.
Thank you for the information Grant. :}
Terasen Gas is owned by the Rothschilds banking cartel that is screwing up the worlds finance with their banking scams on Wall Street that are bankrupting America. They will squeeze for every last dime they can get out of us if they can and have no loyalties to the people of BC you can be sure of that.
Terasen GAs is owned by the Rothschilds????? What the hell!! Can you post a link where we can read this?
Unbelievable that the cost of natural gas would increase given the glut of natural gas on the market. Right now 2010 Sept futures prices are lower than the price of gas today. The Liberals are grasping at straws to pay for mismanaging the BC economy. These guys even make the NDP look like financial wizards.
An excellent site for energy information regarding the cost of gas, electricity, usage, storage, etc is www.eia,doe.gov/.
“Terasen Gas purchases natural gas on behalf of its customers and passes its cost on without mark-up, so customers pay what we pay,”

I fail to see how this is somehow a Liberal gov't conspiracy or some attempt to overinflate prices. If anybody has any real proof, I'd be interested to read it.
Here is the outlook from the National Energy Board http://www.neb.gc.ca/clf-nsi/rnrgynfmtn/prcng/ntrlgs/crrntmrktcndtn-eng.html

Wish I could pass on all increases in cost I have.

Why are Fort Nelson, the Island, and Whistler not affected?
Passing on increases in costs of doing business is common to most businesses, Terasen is no exception.

I have seen in prior years when Terasen has applied for and gotten rate reductions. Nobody cried Liberal government conspiracy then.
Yea that`s right PG...When Natural gas was 13$ per btu...Teresan was charging the bigger buck for gas,the bcuc granted the increases...The gas went down to $3 dollars per btu..

So the BCUC said...lower the price.

But you don`t raise the price on a hunch.

Mr. PG...You just can`t help yourself,a BC Liberal fan...

Campbell has #$%$#$% up the economy...#$%^$% up forestry....#$%^$% up evertything he touched.

But tax cuts to the wealthy,$120 million dollar subsidy announced last friday for oil n gas sector...

Have you seen Ecana gas profits, they made billions during the economic collapse.

Can`t you open your eyes?

"Ignorance is Bliss"

Repeat a lie often enough and eventually it becomes true.

Gus, I think Cambpell is retiring to Whistler...
afterall...
no hydro increase there
no gas increase there
an new Sea to sky highway, supposedly build to help people get tho the olympics...and then couldn't use it....
hmmmm
Interesting...
"Why are Fort Nelson, the Island, and Whistler not affected?"

Good question. I'm not sure myself, but when I looked at Terasen's annual reports, it did note that Terasen is actually comprised of 3 different companies:

- Terasen Gas Inc.
- Terasen Gas (Vancouver Island) Inc.
- Terasen Gas (Whistler) Inc.

My hunch here (and it's just a hunch) is that each entity may have different rates fo the areas they serve and perhaps the rates for the Island, Whistler and Fort Nelson are already higher? Like I said, this is just a blind guess but it seems likely that there is some sort of connection between the fact that the rate increases don't apply to the Island and Whistler and that there seem to be different companies serving those areas. Where Fort Nelson fits into all this I haven't a clue.
Is there a carbon tax and a hst on that as well?
Grant, don't let the facts get in the way of a good rant. Some people are so consumed with hate that they only see their side. Oh well.
To Grant G
"Repeat a lie often enough and eventually it becomes true."

Oh how true.
Let us compare the tax rates for the "rich."
For 2004-2010 inclusive the rich pay tax in BC @43.7%. During the same time the not so rich have seen the marginal rate drop from 22.05%-20.06 AND the $ that any tax payments start have gone up from $8,523 to $10,382.

I could go on, the provincial credit for low income workers, the federal working tax credit, the low marginal rate applies to income up to the first $35,859.

So perhaps it is you that need to open up your eyes to FACTS instead of spouting falsities.
Terasen Gas was sold a couple of years ago to a US Conglomerate called Kinder Morgan.

Kinder Morgan then sold Teresen to an Eastern Canadian Co., called Fortis Inc.
However Kinder only sold the regulated distribution business that delivers natural gas and piped propane to 900,000 customers in BC.

The sale did not include assests of Kinder Morgan Canada (formerly Terasen Pipelines) which is comprised primarily of refined products and crude oil pipelines that transport production from the Alberta oilsands.

Terasen states that they purchase gas on the open market for their customers and pass the cost through without any mark up. They make their money in the distribution end of the business.

Now here is an interesting question. Terasen never said that it purchased gas at the lowest price, so therefore is it possible they are paying more for this gas and purchasing it from Companies that actually own them and other Companies that sell gas.

In other words, if you dont know what the market price is, what price Terasen is paying for the gas compared to the market price, or whether they are purchasing it from specific gas companies on instructions from their owners Fortic Inc. then we dont know anything.

In any event you can rest assured that they are not doing us any favours,. and if this industry was not regulated we would be paying a hell of a lot more.

You can rest assured that the Terasen Lease Back arrangement between Terasen and the City was primarily to get the options off the table so that Terasen could be sold, without any baggage.

Such is life in the fast lane.

Have a nice day.

@Hopen...You are so full of shit,you spout crap because you are uninformed..The tax rate in BC...Income over 99,987,00$ per year is...

Drum roll please.. 14.70% That`s right, 14.70 percent,hydro,terasan,HST,MSP,ICBC,user fees,..all hidden taxation,Where the FFFF is yout link Hopen..You haven`t got one,but I do,straight from the ministry of finance,you loser..

http://www.sbr.gov.bc.ca/individuals/Income_Taxes/Personal_Income_tax/tax_rates/2010.htm


Check it out yourself,income taxes are a joke, big earners pay next to nothing more than average workers,add in carbon taxes,HST,MSP,ICBC,property taxes,municipal taxes,water fees,user fees.

Guys you Hopen have got nothing,you throw stuff out there with no proof,then guys like me call you out and you vanish,put up or shut up.
And the little guy making 8.00$per hour still pays for hydro/PST/GST/HST/ gas,carbon tax.....The great fffing ass Gordon Campbell who has never and will never raise the minimum wage.The great Kevin Krueger paying 6.00$ per hour at his dairy queen or A n W then laying them off when he has to raise them to 8.00$

Highest transit fees in Canada,if your town is lucky enough to have transit,highest liquor prices in canada,highest tobbacco prices in canada,highest gasoline in canada..

Gordon Campbell is the worst premier in the history of Canada...BAR NONE..

So put up or shut up Hopen!!!


PUT UP OR FFFF OFF HOPEN...
Grant, you are clearly not mature enough to post on this site. Hopefully the moderators see fit to give you a time out to cool off.
No MR. PG....If you are going to say something,back it up...Hopen can`t because it is a lie!!!!!!

I speak to truth,something you and others should learn to do....

Where are your links?

http://www.sbr.gov.bc.ca/individuals/Income_Taxes/Personal_Income_tax/tax_rates/2010.htm


14.70 percent tax rate for people making over 100K per year,Hopen isn`t even close,Hopen is out by over 29 points!

Go ahead mr.PG...Go to that link,prove me wrong,prove me wrong that natural gas prices have gone up.

Catch me if you can,you can`t,never will,because I never lie!

As for you liberal fans,a sucker is born every minute!




MR. PG...Is lying mature? You might not like my language but that is not the issue,I would rather have someone curse and tell the truth.

You would rather listen to a polite liar.

Prove me wrong,any of you,prove me wrong and I will apologize and leave.

Until then,cover your eyes!

times have to change we have to change because profits and reality have gone their seperate ways,if i had a politicians retirement plan i wouldnt care would you ?the rest of us worry about next week ,oh well just pay and smile
Lets see, taxes up, natural gas up, Hydro going up, groceries up, house insurance up, user fees up, gasoline up, cable up, HST coming (I hope we get that voted down) Are wages going up, no? Are Pensioners getting more money, no? I give up. Just going to sell everything keep the basics and stay home to pay bills. That out to get the economy going.
Grant, I wish my tax rate was only 14.7%. I won't tell you what I make, but I'm into the 40%'ish tax bracket. I have tax returns to prove this.

So feel free to continue with your immature rants. You're only making yourself look foolish.

So, you can apologize and leave. Good luck to you.
MrPG please stop already. This is what you love and we all know it. You are abusive and insulting to most of the posters on here at one time or another. Just leave people alone. Please.
Mr. PG

That link I left has personal tax rates for BC..over 100K,the rate is 14.70%

So Mr. PG..Take your big money buy a package of Kraft dinner and donate it to the food bank.

Big Man..Gordon Campbell has failed,Shirley Bond has failed,school burner,Pat Bell,a loserrrrrrr

BC has led child poverty for 7 years,lowest minimum wage,highest cost of living over any other province,highest housing costs in Canada..

And the BC personal income tax rate is 14.70 % for over 100K per year earners.

That link I left twice is real simple to read and understand,even you Mr. PG should be able to understand it!

Enough said..The topic is teresan rates going up when natural gas prices are falling,again I have proven that...All you offer is crap.no links,nothing...

But what else is new!
Hey IMO, take the blinders off for once in your life. I have remained civil while your buddy Grant has not.

As for your link, are you saying I have been paying too much tax over the years? I'm going to let the CRA know. Thanks!

As someone noted above, those 'rich' people you seem to hate so much also pay the most tax. Those are the facts, sorry to say.
If one scrolls back we see that the start of the whole fight stemmed from this:

Grant, I suggest you take your allegations to the BCUC.

This is called "POKING THE BEAR".

Exactly Munica! Can you not just comment on your own opinion and stop the direct attacks on people? You started this because you wanted to. End of story. I like the "poke the bear" theory.
Ah, so it's my fault that I held someone's feet to the fire and they threw a virtual temper tantrum.

I've learned that some people on this site are threatened when others have different opinions and viewpoints than them. This likely will not change.
IMO: "Can you not just comment on your own opinion and stop the direct attacks on people?"

You must have missed Grant's post above with the foul language and name calling. I thought we were all adults on this site. Guess I was wrong.