Information about the Green Fund



    MONTREAL, Jan. 24 /CNW Telbec/ - Since January 1, 2008, Gaz Métro has
been collecting a contribution from its customers to the Green Fund created by
the Québec government. In doing so, Gaz Métro is applying a government
decision whose application procedures were provisionally approved by the Régie
de l'énergie du Québec on December 19, 2007. Gaz Métro has already remitted a
first contribution of $9.5 million to the Québec government. The total amount
the government has levied on natural gas customers is $38 million a year.
    Gaz Métro understands the reaction this new contribution may cause among
its customers, but believes it is important to always be transparent with its
customers, which is why the bill specifically indicates the amount of the
contribution.
    You will recall that the Green Fund, which originates from the
government's desire to reduce Quebec's environmental footprint by reducing
greenhouse gas (GHG) emissions, is based on the user-pay principle. Gaz Métro
would remind its customers that it has introduced some 20 energy efficiency
programs and measures since 2000 to help them reduce their energy bills and
hundreds of customers have benefited from them to date.
    The Régie de l'énergie, mandated by the government to determine the
application procedures for the Green Fund, has thus provisionally authorized
Gaz Métro to reflect the new government tax in its rates. The hearing to
arrive at a final decision in this regard is to be held at the end of February
2008. Representatives from civil society (consumer and environmental groups)
have been recognized by the Régie and will put their point of view forward at
those hearings.
    It should be noted that, unlike other companies targeted by the Green
Fund, Gaz Métro is a public natural gas distribution utility regulated by the
Régie de l'énergie.




For further information:

For further information: Frédéric Krikorian, (514) 598-3656


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