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NOW THEREFORE, under the authority of and subject to the Dominion Water Power Act, the Kananaskis Falls and Horseshoe Falls Water Power Regulations and The Alberta Natural Resources Transfer (Amendment) Act, 1945, this Licence is issued, granting to the Licensee the right to divert and use for power purposes all of the waters of the Bow River at Kananaskis Falls within the area described below for a term of 30 years beginning on October 14, 1998, and the Licence is renewable in accordance with the regulations, as amended from time to time, made under the Dominion Water Power Act and is subject to those regulations as amended from time to time except to the extent that the regulations are inconsistent with the terms of this Licence and to any existing rights that were created under the Irrigation Act. This right to divert and use the waters is to be exercised in accordance with the plans and specifications approved by the Minister of the Interior of Canada for the construction of the works and any modifications to those plans and specifications approved under the Regulations made under The Dominion Water Power Act and subject also to the following conditions:
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9 In the event of the Government of Canada taking over, controlling and operating the Minnewanka storage dam, the Licensee shall, upon six months’ notice in writing from the Minister responsible for these works under the Dominion Water Power Act, pay such rental for the benefits derived from the operation of the storage dam for the development of water-power at Kananaskis Falls as is sufficient to cover its fair share of the costs of operating the dam, relative to other beneficiaries.
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11 The Licensee shall maintain and operate the works authorized hereby, in accordance with the practice of a reasonably prudent electrical utility, to the satisfaction of the Minister responsible for these works under the Dominion Water Power Act. The Minister has the power at any time to have the works inspected by such person as the Minister may appoint and the Licensee shall pay all reasonable expenses connected with the inspection, up to a maximum of two inspections per year, including any fee or remuneration paid the inspector for the inspection on the presentation of certified accounts to the Licensee by the Minister.
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