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Ontario Energy Board Act, 1998
Loi de 1998 sur la commission de l’énergie de l’Ontario


Payments to the Financial Corporation Re Section 78.2 of the Act

Consolidation Period:  From January 1, 2009 to the e-Laws currency date.

Last amendment: 393/08.

Legislative History: 393/08.

This Regulation is made in English only.


1. In this Regulation,

“full-time equivalent position” means any combination of positions that add up to one full-time position, based on the standard number of hours of work for the position;

“subject contract” means a contract referred to in subsection 78.2 (1) of the Act.  O. Reg. 427/04, s. 1.

Indirect costs

2. (1) For the purpose of subsection 78.2 (2) of the Act, the Financial Corporation’s indirect costs shall consist of the following costs:

1. Staff costs, including wages, benefits and statutory payments, for each full-time equivalent position employed by or seconded to the Financial Corporation or employed by or seconded to the Ontario Financing Authority, on behalf of the Financial Corporation, in relation to the subject contracts.

2. Overhead costs, including accommodations, equipment, supplies, utilities and related costs calculated using the following formula:

A ÷ B × C


A is the number of full-time equivalent positions employed by or seconded to the Financial Corporation or employed by or seconded to the Ontario Financing Authority, on behalf of the Financial Corporation, in relation to the subject contracts,

B is the total number of full-time equivalent positions employed by or seconded to the Financial Corporation or employed by or seconded to the Ontario Financing Authority, on behalf of the Financial Corporation,

C is the Financial Corporation’s total costs payable for overhead.

3. All other costs, other than costs to which paragraph 1 or 2 applies, incurred by the Financial Corporation in relation to the management of the subject contracts, including costs paid by the Financial Corporation to the Crown, an agency of the Crown or any other person for the provision of legal, accounting, modelling, auditing and other services in relation to a subject contract.  O. Reg. 427/04, s. 2 (1).

(2) The Financial Corporation’s indirect costs shall be calculated on a monthly basis.  O. Reg. 427/04, s. 2 (2).

Interim payments based on estimates

3. The Financial Corporation may establish protocols authorizing interim payments with respect to its indirect costs based on estimates, with subsequent adjustments.  O. Reg. 427/04, s. 3.


4. (1) The Financial Corporation shall give the IESO such information as the IESO may require for the purpose of this Regulation, in the form specified by the IESO and before the expiry of the period specified by the IESO.  O. Reg. 427/04, s. 4 (1).

(2) For the purpose of payments required by subsection 78.2 (1) of the Act, the IESO shall rely on the information provided to it by the Financial Corporation.  O. Reg. 427/04, s. 4 (2).

Generation facilities

5. For the purpose of subsection 78.2 (1) of the Act, the generation facilities listed in Schedule 1 to this Regulation are the prescribed generation facilities.  O. Reg. 427/04, s. 5.

6. Omitted (provides for coming into force of provisions of this Regulation).  O. Reg. 427/04, s. 6.

Schedule 1



Almonte Upper Falls Generating Station

11 Main Street, Almonte, Town of Mississippi Mills

Appleton Hydroelectric Plant

on the Mississippi River, Appleton, Town of Mississippi Mills

Ayton Mill

412 Water Street, Ayton, Municipality of West Grey

Barrie Small Hydro

569A Robertson Line, Arnprior

Beare Road LFG Power Plant

Beare Road Landfill Site, 1749A Meadowvale Road, Scarborough

Black River Generating Station

on the Black River, near Ramore, Geographic Township of Playfair, District of Cochrane

Brock University Central Utility Building Power Plant

500 Glenridge Avenue, St. Catharines

Brock West LFG Power Plant

Brock West Landfill Site, 1380 3rd Concession Road, Pickering

Burgess Dam

1016 Portage Street, Bala, Township of Muskoka Lakes

Burk’s Falls Generating Station

on the Magnetawan River, Burk’s Falls

Calstock Power Plant

Highway 11 Calstock, Geographic Township of Stoddard, District of Cochrane

Cameron Falls Generating Station

on the Aux Sables River, Geographic Township of Tennyson, District of Sudbury

Canton Mill

4476 County Road 10, R.R. 1, Port Hope

Cardinal Power Plant

170 Henry Street, Cardinal, Township of Edwardsburgh/Cardinal

Carmichael Falls Generating Station

on the Groundhog River, Geographic Township of Carmichael, District of Cochrane

Casselman Generating Station

on South Nation River, River Road, Casselman

Chapleau Co-Generation Plant

Planer Road, Chapleau

Charlton Dam

on the Englehart River, Highway 573, Charlton, Municipality of Charlton and Dack

Chiblow Dam

at the junction of Chiblow and High Lakes, Geographic Township of Scarfe, District of Algoma

Cochrane Generating Station

506 4th Street East, Cochrane

Conestogo Dam

on the Conestogo River, R.R. 2, Wallenstein, Township of Mapleton

Cordova Lake Generating Station

on Crowe River, Havelock, Township of Havelock-Belmont-Methuen

Corkery Falls Generating Station

1057 Hummel Line, Trout Creek, Municipality of Powassan

Crowe Bay Generating Station

Lock 14 of Trent-Severn Waterway, approximately 4 km north of Campbellford, Municipality of Trent Hills

Douglas Generating Station

73 Emelin Street, Bromley, Township of Admaston/Bromley

Drag Lake Generating Station

on Trent River at Drag Lake Dam, Village of Haliburton, United Townships of Dysart, Dudley, Harcourt, Guilford, Harburn, Bruton, Havelock, Eyre and Clyde

Eagle River Generating Station

52 Cascade Road, Eagle River, Township of Machin

Elliott Falls Generating Station

on the Gull River, near Norland, City of Kawartha Lakes

Fenelon Falls Generating Station

Lock 34 of the Trent-Severn Waterway, Fenelon Falls, City of Kawartha Lakes

Fort Frances Cogeneration Plant

145 Third Street West, Fort Frances

Fowld’s Mill

50 Front Street East, Hastings, Municipality of Trent Hills

Fraser Generating Station

108A Alston Street, White Lake, Township of McNab-Braeside

Galetta Hydroelectric Plant

on the Mississippi River, Galetta, City of Ottawa

Gitzler Falls Generating Station

1057 Hummel Line, Trout Creek, Municipality of Powassan

H.J. Heinz Power Plant

Erie Street South, Leamington

Hillman Flared Gas Power Plant

143 Mersea Road, Leamington

Hurdman Dam

4955 Hurdman Dam Road, Mattawa

Invista (Canada) Power Plant

1400 County Road #2 East, Maitland, Township of Augusta

Iroquois Falls Generating Station

No. 1 Northwest Industrial Road, Iroquois Falls

Jancal Dam

on the Rocky Saugeen River, Municipality of West Grey

Kagawong Generating Station

on the Kagawong River, Kagawong, Township of Billings

Kapuskasing Power Plant

47 Gough Road, Kapuskasing

Keele Valley LFG Power Plant

Keele Valley Landfill Site, near McNaughton Road, north of Major Mackenzie Drive, Vaughan

Kingston Cogeneration Plant

5146 Taylor - Kidd Boulevard, Millhaven, Township of Loyalist

Kirkland Lake Generating Station

505 Archer Drive, Kirkland Lake

KMS Peel Energy-From-Waste Facility

7656 Bramalea Road, Brampton

Labatt London Brewery Power Plant

150 Simcoe Street, London

Lake Superior Power Plant

102 West Street, Sault Ste. Marie

Lambton Generating Station

on St. Clair Parkway, Township of St. Clair

Long Sault Rapids Hydroelectric Generating Station

on the Abitibi River, approximately 19 km north of Cochrane, Geographic Township of Blount, District of Cochrane

Long Slide Generating Station

on the Amable du Fond River, near Mattawa, Geographic Township of Lauder, District of Nippising

Lucerne Mill

316070 Highway 6, Williamsford, Township of Chatsworth

Maple Hill Dam

on the Saugeen River, near Hanover, Municipality of Brockton

Marmora Generating Station

on Crowe River, Marmora, Municipality of Marmora and Lake

McKenzie Falls Generating Station

197 Powerline Road, Eagle River, Township of Machin

Mississauga Cogeneration Plant

2740 Derry Road East, Mississauga

Misty Rapids Power

3560 Highland Road, Arnprior

Moose Rapids Hydroelectric Plant

on the Wanapitei River, approximately 25 km northeast of Sudbury, Geographic Township of Scadding, District of Sudbury

Nagagami (Shekak) Generating Station

on the Shekak River, approximately 80 km west of Hearst, Geographic Township of McMillan, District of Cochrane

Nanticoke Generating Station

on Regional Road 55 South, Haldimand County

National Research Council Cogeneration Facility

Building M-6, 1200 Montreal Road, Ottawa

Nipigon High Falls Generating Station

on the Namewaminikan River at High Falls, Geographic Township of Sandra, District of Thunder Bay

Nipigon Power Plant

Highway 11, approximately 45 km north of Nipigon

North Bay Power Plant

4001 Highway 11, near North Bay

Ottawa Health Sciences Centre Cogeneration Plant

405 Smyth Road, Ottawa

Ragged Chute Hydroelectric Plant

on the Montreal River, approximately 25 km south of New Liskeard, Township of Gillies Limit, District of Timiskaming

Rideau Falls Generating Station

50 Sussex Drive, Ottawa

Rosa Flora Power Plant

756 Diltz Road, Dunnville, Haldimand County

Scarfe Lake Generating Station

on Blind River, Geographic Township of Cobden, District of Algoma

Scone Mill

Old Scone Mill, R.R. 3, Chesley, Municipality of Arran-Elderslie and Township of Chatsworth

Serpent River Generating Station

on the Serpent River near Spanish, Township of The North Shore, District of Algoma

Shand Dam

on the Grand River, Belwood Lake Conservation Area, near Fergus, Township of Centre Wellington

Smiths Falls Water Treatment Plant

25 Old Mill Road, Smiths Falls

Tembec Industries Power Plant

Mill Road, Smooth Rock Falls

Trent-Severn Power

Lock 4 of the Trent-Severn Waterway, Batawa, City of Quinte West

Truisler Chute Generating Station

on the South River, 931 Highway 522, Trout Creek, Municipality of Powassan

Tunis Power Plant

Highway 11, Tunis, Geographic Township of Newmarket, District of Cochrane

Tweed Dam

on the Moira River, Colborne Street, Tweed

Twin Falls Generating Station

on the Kagiano River at Twin Falls, near Manitouwadge

University of Toronto Central Power Plant

17 Russell Street, Toronto

Valerie Falls Generating Station

on the Seine River, near Atikokan, Township of Atikokan

Vornweg Generating Station

Old Killaloe Mill, Highway 512, Killaloe, Township of Killaloe, Hagarty and Richards

Wainwright Generating Station

on the Wabigoon River, Geographic Township of Wainwright, District of Kenora

Wawatay Generating Station

on the Black River, Geographic Township of Pic, District of Thunder Bay

West Windsor Power Plant

4375 Sandwich Street, Windsor

Westbrook Greenhouses Ltd. Plant II

4743 Lincoln Avenue, Beamsville, Town of Lincoln

Whitby Cogeneration Plant

1550 Wentworth Street West, Whitby

White River BioMeg Plant

Highway 17, White River

Windsor-Essex Cogeneration Plant

2600 Temple Drive, Windsor

O. Reg. 427/04, Sched. 1; O. Reg. 393/08, s. 1.