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Toll Information Regulations (SOR/79-319)

Regulations are current to 2020-09-09

Toll Information Regulations

SOR/79-319

NATIONAL ENERGY BOARD ACT

Registration 1979-04-09

Regulations Respecting Information to be Furnished by Companies that Charge Tolls

P.C. 1979-1116 1979-04-04

His Excellency the Governor General in Council, on the recommendation of the Minister of Energy, Mines and Resources, pursuant to section 88 of the National Energy Board Act, is pleased hereby to approve the annexed Regulations respecting information to be furnished by companies that charge tolls.

Short Title

 These Regulations may be cited as the Toll Information Regulations.

Interpretation

 In these Regulations, Act means the National Energy Board Act.

Information to Be Furnished

 A company that charges tolls shall, at the end of each three month period of operation, furnish to the Board

  • (a) the rate of return on the rate base obtained for that period compared with the rates of return on the rate base authorized by the Board at the company’s most recent rate hearing or, in the case of a company whose rate of return on the rate base has not been authorized by the Board, the rate of return on equity for that period;

  • (b) information explaining material changes between the results obtained from charging the tolls and the forecast figures on which the tolls were determined; and

  • (c) calculations showing the reasons for the material changes referred to in paragraph (b) in capital, traffic, revenues, expenses and rates of return.

 Where, at the end of a three month period of operation of a company the Board is satisfied on application by the company that it has no material changes to explain under paragraph 3(b), the Board may exempt the company from compliance with paragraphs 3(a) and (b) and may require the company thereafter to furnish information to the Board under section 3 at the end of each such period of operation greater than three months as the Board may consider requisite for the purposes of the Act.

 Where the Board considers that information furnished by a company in accordance with paragraph 3(b) does not fully explain the causes of the difference between the actual figures and the forecast figures, the Board shall require the company to furnish such additional information as may be required to enable the Board to maintain surveillance over the effect of the tolls charged by the company.

 Any company that is required to furnish information to the Board pursuant to section 3 or 4 shall duly comply with the requirement.

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