Canada Transportation Act

Version of section 151 from 2003-01-01 to 2007-06-21:

Marginal note:Maximum revenue entitlement
  •  (1) A prescribed railway company’s maximum revenue entitlement for the movement of grain in a crop year is the amount determined by the Agency in accordance with the formula

    [A/B + ((C - D) x $0.022)] x E x F

    where

    A
    is the company’s revenues for the movement of grain in the base year;
    B
    is the number of tonnes of grain involved in the company’s movement of grain in the base year;
    C
    is the number of miles of the company’s average length of haul for the movement of grain in that crop year as determined by the Agency;
    D
    is the number of miles of the company’s average length of haul for the movement of grain in the base year;
    E
    is the number of tonnes of grain involved in the company’s movement of grain in the crop year as determined by the Agency; and
    F
    is the volume-related composite price index as determined by the Agency.
  • Marginal note:Canadian National Railway Company

    (2) For the purposes of subsection (1), in the case of the Canadian National Railway Company,

    • (a) A is $348,000,000;

    • (b) B is 12,437,000; and

    • (c) D is 1,045.

  • Marginal note:Canadian Pacific Railway Company

    (3) For the purposes of subsection (1), in the case of the Canadian Pacific Railway Company,

    • (a) A is $362,900,000;

    • (b) B is 13,894,000; and

    • (c) D is 897.

  • Marginal note:Volume-related composite price index

    (4) The following rules are applicable to the volume-related composite price index:

    • (a) in the crop year 2000-2001, the index is deemed to be 1.0;

    • (b) the index applies in respect of all of the prescribed railway companies; and

    • (c) the Agency shall make adjustments to the index to reflect the incremental costs incurred by the prescribed railway companies for the purpose of obtaining cars as a result of the sale, lease or other disposal or withdrawal from service of government hopper cars.

  • Marginal note:When Agency to make determination

    (5) The Agency shall make the determination of a prescribed railway company’s maximum revenue entitlement for the movement of grain in a crop year under subsection (1) on or before December 31 of the following crop year and shall make the determination of the volume-related composite price index on or before April 30 of the previous crop year.

  • 1996, c. 10, s. 151;
  • 2000, c. 16, s. 10.
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