O. Reg. 100/03: PAYMENTS RE SECTIONS 79.1 AND 79.2 OF THE ACT

 

ontario regulation 100/03

made under the

Ontario Energy Board Act, 1998

Made: March 19, 2003
Filed: March 26, 2003
Printed in The Ontario Gazette: April 12, 2003

Amending O. Reg. 341/02

(Payments re Sections 79.1 and 79.2 of the Act)

Note: Since the end of 2002, Ontario Regulation 341/02 has been amended by Ontario Regulation 52/03.  Previous amendments are listed in the Table of Regulations published in The Ontario Gazette dated January 18, 2003.

1. Ontario Regulation 341/02 is amended by adding the following sections:

Payment by the IMO to Great Lakes Power Limited

14.6 (1) The IMO shall make a payment to Great Lakes Power Limited that is equal to the aggregate of the payments that Great Lakes Power Limited is required to make under subsection 79.1 (16) of the Act to entitled Dubreuil consumers.

(2) The IMO shall make the payment required by subsection (1) after receiving a statement from Great Lakes Power Limited setting out the number of entitled Dubreuil consumers to whom Great Lakes Power Limited is required to make a payment under subsection 79.1 (16) of the Act and the total amount payable by Great Lakes Power Limited to those consumers.

(3) The IMO shall make a payment required by this section by paying Great Lakes Power Limited an amount payable to it under this section or by way of set-off of the amount against amounts payable to the IMO by Great Lakes Power Limited.

(4) The IMO shall make the payment required by this section to Great Lakes Power Limited even if the Great Lakes Power Limited has not yet made any payments to entitled Dubreuil consumers under subsection 79.1 (16) of the Act.

(5) Great Lakes Power Limited shall provide the following information to the IMO and the Financial Corporation forthwith after making the payments required under subsection 79.1 (16) of the Act to entitled Dubreuil consumers:

1. The number of entitled Dubreuil consumers to whom Great Lakes Power Limited made a payment under subsection 79.1 (16) of the Act.

2. The total amount paid by Great Lakes Power Limited under subsection 79.1 (16) of the Act to those entitled Dubreuil consumers.

(6) In this section,

“entitled Dubreuil consumer” means a consumer entitled to a payment under subsection 79.1 (16) of the Act by virtue of section 3.2.3 of Ontario Regulation 339/02 (Electricity Pricing).

Payments by the Financial Corporation to the IMO

14.7 (1) The Financial Corporation shall make a payment to the IMO equal to the amount, if any, that the IMO is required to make to Great Lakes Power Limited under section 14.6.

(2) The Financial Corporation shall make the payment required by subsection (1) after receiving from the IMO such information as the Financial Corporation may require concerning Great Lakes Power Limited and the payments to be made by the IMO under section 14.6.

(3) The Financial Corporation shall make the payment required by subsection (1) even if the IMO has not yet made any payment to Great Lakes Power Limited under section 14.6.

(4) The Financial Corporation may make the payment required by subsection (1) by paying the amount to the IMO or by way of set-off of the amount in the accounts maintained by the IMO, at the option of the Financial Corporation.