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NOVA CORP. OF ALBERTA RECEIVES NOTIFICATION FROM THE PUBLIC UTILITIES BOARD

 CALGARY, Alberta, Jan. 13 /PRNewswire/ -- NOVA Corp. of Alberta (NYSE: NVA; Toronto, Montreal, Calgary: NVA) has received notification from the Public Utilities Board that a pre-hearing conference will be held on Jan. 26, 1993, regarding a complaint filed by the Canadian Association of Petroleum Producers (CAPP) with respect to NOVA's rates, tolls and charges for 1993.
 On Oct. 26, 1992, in response to previous complaints, the Public Utilities Board rendered a decision which ordered among other matters for 1992, that the capital structure of the Alberta Gas Transmission Division include a common equity ratio of 32 percent and a preferred equity ratio of 5.5 percent and that the cost rate for common equity be 12.5 percent.
 CAPP has requested that the board establish rates for 1993, effective Jan. 1, 1993, to reflect a cost rate for common equity of 11.25 percent and a common equity ratio of 25 percent. This position is similar to the complaint filed in respect of NOVA's 1992 rates.
 -0- 1/13/93
 /CONTACT: Bob Schmidt of NOVA Corp. of Alberta, 403-290-7688/
 (NVA)


CO: NOVA Corp. of Alberta; Public Utilities Board Canadian
 Association of Petroleum Producers ST: Alberta IN: OIL SU:


JB-BP -- LA028 -- 4612 01/13/93 17:44 EST
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Publication:PR Newswire
Date:Jan 13, 1993
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