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O. Reg. 295/16: HYDRO ONE LIMITED - VOTING SECURITIES
under Trillium Trust Act, 2014, S.O. 2014, c. 7, Sched. 32
Skip to contentTrillium Trust Act, 2014
ONTARIO REGULATION 295/16
HYDRO ONE LIMITED - VOTING SECURITIES
Historical version for the period August 26, 2016 to March 29, 2017.
No amendments.
This is the English version of a bilingual regulation.
Application
1. This Regulation applies with respect to voting securities of Hydro One Limited mentioned in paragraph 1 of subsection 3 (1) of the Act.
Specified dispositions in November 2015
2. (1) This section applies with respect to voting securities that were disposed of on or after November 4, 2015 and before November 19, 2015, other than those for which the Province provided a loan in respect of the purchase price.
(2) For the purposes of paragraph 2 of section 6 of the Act, the non-cash benefit that is recognized by the Crown in connection with the disposition of the securities, as disclosed in the Public Accounts for the fiscal year ending March 31, 2016, is prescribed.
(3) For the purposes of section 6 of the Act, the following amounts in connection with the disposition of the securities are to be credited to the Trillium Trust:
1. $783,305,571, being 100 per cent of the designated proceeds of disposition, as determined under section 4 of the Act.
2. $2,392,296,614, being 100 per cent of the prescribed non-cash benefit described in subsection 2 (2) of this Regulation.
(4) For the purposes of paragraph 2 of section 4 of the Act, $42,818,908 is prescribed as the amount of costs incurred by the Crown in connection with the disposition.
3. Omitted (provides for coming into force of provisions of this Regulation).