2002/03 Annual Service Plan Report Ministry of Energy and Mines

Report on Resources

2002/03 Resource Summary by Core Business Areas

2002/03 Resource Summary Mirroring the Estimates Vote Structure

Commentary:

The Ministry of Energy and Mines realized a savings in 2002/03 of $3.9 million. Payments related to the Vancouver Island Gas Pipeline Project (VIGAS) are directly proportioned to prices, resulting in unexpected funds of $7.3 million.

Treasury Board approved Contingencies access for three projects: Offshore Oil and Gas ($2.15 million), Revenue Generation proposals ($5 million) and Energy Policy Implementation ($2.0 million). Project costs totaled $3.3 million, which was covered by VIGAS savings within the Ministry's allocation.

The VIGAS Special Account, for the "Clean Choice" conversion program, was paid out under agreement to Centra Gas (Terasen).