BC Gas Establishes Debt Programme and BC Gas Utility Renews MTN Programme

BC Gas Inc. established a $1 billion debt securities and unsecured debentures programne by way of a base shelf prospectus filed on November 21, 2001. The next day, BC Gas established a $700 million MTN programme by way of a prospectus supplement to the base shelf prospectus. The first issue of $200 million MTNs was completed on November 30, 2001. On November 21, 2001, BC Gas Utility Ltd., a subsidiary of BC Gas and one of the largest natural gas distribution companies in Canada, renewed its $500 million MTN programme.

Elizabeth Harrison, Q.C., David Selley and Priya Reddy of Farris, Vaughan, Wills & Murphy acted for BC Gas and BC Gas Utility. Jonathan Drance, John Anderson and Inge Poulus of Stikeman Elliott’s Vancouver office acted for the dealers.

Lawyer(s)

John F. Anderson Priya Reddy Jonathan S. Drance David J. Selley C. Inge Poulus Elizabeth J. Harrison