Return on Common Equity

2010 Return on Equity

On December 16, 2009, the Commission issued its decision regarding Terasen Gas Inc., Terasen Gas (Vancouver Island) Inc.
and Terasen Gas (Whistler) Inc. (collectively “Terasen Utilities”) Application on Return on Equity and Capital Structure [hereinafter “TUS ROE Decision”].

The TUS ROE Decision and the Commission Order G-158-09 that was issued concurrently determined, among other things,
that the automatic adjustment mechanism is eliminated, and that TGI is to complete its study of alternative formulae to an automatic adjustment mechanism
and report to the Commission on the study results by December 31, 2010.

The Commission has also determined that the ROE for TGI will continue to serve as the Benchmark ROE for FortisBC
and any other utility in BC that uses the Benchmark ROE to set rates.

The following electronic versions of guidelines are for information only. The printed version remains the official version.

2009 Return on Equity

ROE for 2008 2008 Return on Common Equity for Low-Risk Benchmark Utility

ROE for 2007 2007 Return on Common Equity for Low-Risk Benchmark Utility

TGI/TGVI 2005 Return on Common Equity Decision/March 2, 2006 TGI/TGVI - Application to Determine the Appropriate Return on Equity (“ROE”) and Capital Structure and to Review and Revise the Automatic Adjustment Mechanism

ROE for 2006

ROE for 2005

ROE for 2004

ROE for 2003

ROE for 2002

ROE for 2001

ROE for 2000

ROE for 1999

ROE for 1994