Alliance Gas Management Income Fund - company announcement.TORONTO--(BUSINESS WIRE)--March 5, 1997--Alliance Gas Management (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). GIF GIF in full Graphics Interchange Format Standard computer file format for graphic images. GIF files use data compression to reduce the file size. The original version of the format was developed by CompuServe in 1987. .IR.) Alliance Gas Management Income Fund announced Wednesday that the Ontario Energy Board The Ontario Energy Board (OEB) is a Crown corporation responsible for regulating natural gas and electricity utilities in the province of Ontario, Canada. This includes setting rates and approving the Independent Electricity Market Operator (IMO)'s budget and fees. has approved Agent Billing and Collection ("ABC ABC in full American Broadcasting Co. Major U.S. television network. It began when the expanding national radio network NBC split into the separate Red and Blue networks in 1928. ") Service in the Consumers' Gas franchise area. This approval is conditional upon certain minor amendments being made to the Direct Purchase Industry Committee Code of Ethics Code of Ethics can refer to:
This approval and the mailing by Consumers' Gas of the CIP to its customers are conditions precedent to the implementation by Alliance Gas Management Inc., the Fund's 90 percent owned subsidiary (and other agents, brokers and marketers) of ABC Service which will allow Alliance Gas to implement its Stable Price Program in the Consumers' Gas franchise area. The Fund expects that Consumers' Gas will complete the mailing of the CIP to its customers in late April, 1997 which will permit Alliance Gas to immediately thereafter commence converting its existing customers to the Stable Price Program and signing up new customers on the basis of the Stable Price Program. Gas Management Income Fund is an open-ended, single purpose trust established under the laws of Ontario which was created to hold common shares, preferred shares and unsecured notes of Alliance Gas Management Inc. The Fund currently holds 90 percent of each such class of securities. The holding of these securities constitutes the only business of the Fund. The instalment receipts representing trust units of the Fund are listed on The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. and trade under the symbol GIF.IR. CONTACT: Alliance Gas Management Inc. Paul Woods, 905/946-1515 905/946-2242 (FAX) |
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