O. Reg. 225/06: TAXES AND CHARGES ON HYDRO-ELECTRIC GENERATING STATIONS

 

ontario regulation 225/06

made under the

Electricity Act, 1998

Made: April 26, 2006
Filed: May 23, 2006
Published on e-Laws: May 24, 2006
Printed in The Ontario Gazette: June 10, 2006

Amending O. Reg. 124/02

(Taxes and Charges on Hydro-Electric Generating Stations)

1. Paragraph 4 of subsection 16 (1) of Ontario Regulation 124/02 is revoked and the following substituted:

4. The prescribed rate of interest to be paid or allowed to an entity under the Act, in respect of a particular day before July 1, 2006, shall be an annual interest rate that is two percentage points lower than the base rate of interest in effect for that day.

4.1 The prescribed rate of interest to be paid or allowed to an entity under the Act, in respect of a particular day after June 30, 2006, shall be an annual interest rate that is three percentage points lower than the base rate of interest in effect for that day.

Made by:

Dwight Douglas Duncan

Minister of Finance

Date made: April 26, 2006.