Electricity Act, 1998
Loi de 1998 sur l’électricité
ONTARIO REGULATION 610/98
Amended to O. Reg. 112/03
THE IMO
Historical version for the period March 31, 2003 to July 4, 2007.
This Regulation is made in English only.
Appointment of Directors
1. (1) Sixteen directors shall be appointed by the Minister to the IMO’s board of directors under clause 7 (2) (b) of the Act. O. Reg. 199/01, s. 1 (1).
(2) Of the 16 directors referred to in subsection (1),
(a) two must be persons who represent generators;
(b) two must be persons who represent distributors;
(c) one must be a person who represents transmitters;
(d) one must be a person who represents retailers and persons who carry on activities described in clause 57 (f) of the Ontario Energy Board Act, 1998;
(e) one must be a person who represents industrial consumers;
(f) one must be a person who represents commercial consumers;
(g) one must be a person who represents residential consumers; and
(h) seven must be persons who are appointed as independent directors and not as representatives of any class of persons. O. Reg. 610/98, s. 1 (2); O. Reg. 98/99, s. 1 (2, 3); O. Reg. 199/01, s. 1 (2, 3).
(3) A person may not be appointed as a representative of a class of persons referred to in clause (2) (a), (b), (c) or (d) unless he or she is a director, officer or employee of a member of that class. O. Reg. 610/98, s. 1 (3).
(4) If a director, officer or employee of a corporation is appointed as a representative of a class of persons referred to in clause (2) (a), (b), (c) or (d), no other director, officer or employee of that corporation or an affiliate of that corporation may be appointed as a representative of any class of persons referred to in clause (2) (a), (b), (c) or (d). O. Reg. 610/98, s. 1 (4).
(5) Despite subsection (4), one director, officer or employee of a corporation designated under subsection 48 (2) of the Act or a subsidiary of that corporation may be appointed as a representative of a class of persons referred to in clause (2) (a), (b), (c) or (d) even if a director, officer or employee of the other corporation designated under subsection 48 (2) of the Act or a subsidiary of that other corporation has been appointed as a representative of a class of persons referred to in clause (2) (a), (b), (c) or (d). O. Reg. 610/98, s. 1 (5).
(6) A person may not be appointed as a representative of the class of persons referred to in clause (2) (d) if he or she is a director, officer or employee of a transmitter or distributor or an affiliate of a transmitter or distributor. O. Reg. 610/98, s. 1 (6).
(7) A person may not be appointed as a representative of a class of persons referred to in clause (2) (e), (f) or (g) if he or she is a director, officer or employee of,
(a) a member of a class of persons referred to in clause (2) (a), (b), (c) or (d); or
(b) an affiliate of a member of a class of persons referred to in clause (2) (a), (b), (c) or (d). O. Reg. 610/98, s. 1 (7).
(8) Revoked: O. Reg. 309/01, s. 1.
(9) Revoked: O. Reg. 309/01, s. 1.
(10) Revoked: O. Reg. 309/01, s. 1.
2. Subject to section 1, a director of the IMO appointed under clause 7 (2) (b) of the Act may be reappointed by the Minister in accordance with the Governance and Structure By-law. O. Reg. 610/98, s. 2.
3. (1) Subject to section 1, if a vacancy exists among the directors of the IMO appointed under clause 7 (2) (b) of the Act, the Minister shall appoint a person to fill the vacancy from a list of persons nominated in accordance with the Governance and Structure By-law. O. Reg. 199/01, s. 2.
(2) The Minister may, before appointing a person to fill a vacancy, require that additional persons be nominated in accordance with the Governance and Structure By-law. O. Reg. 199/01, s. 2.
(3) This section does not apply if a director is reappointed under section 2. O. Reg. 199/01, s. 2.
Application of the Business Corporations Act and the Corporations Act
4. (1) The following provisions of the Business Corporations Act apply, with necessary modifications, to the IMO:
1. Subsections 132 (1) to (7) and 132 (9).
2. Section 136. O. Reg. 610/98, s. 4 (1).
(2) For the purposes of subsection (1),
(a) a reference in the Business Corporations Act to an officer of a corporation shall be deemed to include a member of a panel established by the IMO; and
(b) a contract or transaction that requires compliance with any of the market rules is not for that reason alone a material contract or transaction for the purposes of section 132 of the Business Corporations Act. O. Reg. 610/98, s. 4 (2).
(3) Despite subsection (1), subsections 132 (1) to (7) and 132 (9) of the Business Corporations Act do not apply,
(a) so as to prohibit a director of the IMO or a member of a panel established by the IMO from voting on the market rules or an amendment to the market rules; or
(b) so as to require a director of the IMO or a member of a panel established by the IMO, in connection with a vote on the market rules or an amendment to the market rules, to make any disclosure or request any entry in the minutes of meetings. O. Reg. 610/98, s. 4 (3).
5. The following provisions of the Corporations Act apply, with necessary modifications, to the IMO:
1. Subsections 59 (1) and (2) and sections 60 and 61.
2. Section 96.
3. Section 122.
4. Sections 273 and 275.
5. Subsections 286 (4) and (5) and section 292.
6. Subsection 298 (4) and sections 299 to 305. O. Reg. 610/98, s. 5.
Authority to Make Market Rules
6. The date that subsection 26 (1) of the Act comes into force is prescribed for the purpose of subsection 32 (6) of the Act. O. Reg. 21/02, s. 1.
Procedure for Amending the Market Rules
7. The following information is prescribed for the purpose of subsection 33 (1.1) of the Act:
1. If a member of the IMO’s board of directors is of the opinion that the assessment of the impact of the amendment that was given to the Minister under subsection 32 (9) of the Act is not correct and the member has made a written statement expressing his or her reasons for that opinion, a copy of the statement.
2. A summary of any comments received by the IMO, during any consultation process undertaken by the IMO with respect to the amendment, that relate to the impact of the amendment on the interests of consumers with respect to prices or the reliability or quality of electricity service.
3. A summary of any discussions of the IMO’s Technical Panel with respect to the amendment that relate to the impact of the amendment on the interests of consumers with respect to prices or the reliability or quality of electricity service.
4. The date the amendment is intended to come into force. O. Reg. 343/02, s. 1; O. Reg. 112/03, s. 1.
8. The following information is prescribed for the purpose of subsection 34 (2.1) of the Act:
1. The information prescribed under section 7.
2. A statement of the reasons why, in the opinion of the IMO, the amendment is urgently required. O. Reg. 343/02, s. 1.
9. The following additional reasons are prescribed for the purpose of paragraph 5 of subsection 34 (1) of the Act:
1. To facilitate the implementation of any of subsections 32 (9), 33 (1.1) and (1.2) and 34 (2.1) and (2.2) of the Act.
2. To facilitate the implementation of any of sections 79.1 to 79.5 and 79.14 of the Ontario Energy Board Act, 1998 or regulations made under that Act that relate to those sections.
3. To facilitate the implementation of regulations made under section 88.0.1 of the Ontario Energy Board Act, 1998. O. Reg. 343/02, s. 1.