O. Reg. 735/20: AMOUNTS UNDER SECTION 25.34 OF THE ACT

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Electricity Act, 1998

ONTARIO REGULATION 735/20

AMOUNTS UNDER SECTION 25.34 OF THE ACT

Consolidation Period:  From January 27, 2022 to the e-Laws currency date.

Last amendment: 29/22.

Legislative History: 29/22.

This is the English version of a bilingual regulation.

Prescribed amounts

1. (1) The following amounts are prescribed for the purposes of paragraph 2 of subsection 25.34 (2) of the Act:

1. Any amounts payable to an entity under a procurement contract with the IESO with respect to the following programs, other than a procurement contract respecting hydroelectric generation:

i. Renewable Energy Supply program.

ii. Renewable Energy Standard Offer Program (RESOP).

iii. Feed-in Tariff (FIT) Program.

iv. microFIT Program.

v. Large Renewable Procurement (LRP).

2. Any amounts payable to an entity under a power purchase agreement entered into by the entity and the IESO pursuant to the Green Energy Investment Agreement.

3. Any amounts payable to an entity under a procurement contract respecting one or more generation facilities that generate any electricity using biomass, if the IESO was required to enter into the contract by a directive issued under subsection 25.32 (5) of the Act or a direction continued under subsection 25.32 (9) of the Act, as amended. O. Reg. 735/20, s. 1 (1); O. Reg. 29/22, s. 1.

(2) For the purposes of paragraph 2 of subsection (1), the Green Energy Investment Agreement is the Green Energy Investment Agreement made as of January 21, 2010 among Her Majesty the Queen in right of Ontario as represented by the Minister of Energy, the Samsung C&T Corporation and the Korea Electric Power Corporation, as amended and restated. O. Reg. 735/20, s. 1 (2).

2. Omitted (provides for coming into force of provisions of this Regulation).

 

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