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National Energy Board Cost Recovery Regulations (SOR/91-7)

Regulations are current to 2024-05-28 and last amended on 2011-01-01. Previous Versions

RELATED PROVISIONS

  • — SOR/2009-307, s. 21

    • 21. For greater certainty, in 2010 the Board shall not make the adjustment referred to in section 19 of the Regulations, as they read before the coming into force of section 19 of these Regulations, in respect of the cost recovery charge of a large electricity exporter.

  • — SOR/2009-307, s. 22

    • 22. In 2010, the Board shall calculate a combined adjustment amount for each large electricity exporter, being the total of the amount of the adjustment made under section 19 of the Regulations, as they read before the coming into force of section 19 of these Regulations, for that exporter in 2009 and the amount calculated for that exporter under section 18 of the Regulations, as they read before the coming into force of section 19 of these Regulations, in 2010.

  • — SOR/2009-307, s. 23

    • 23. If the total amount of the cost recovery charges paid by a large electricity exporter for 2008 and 2009 is less than the revised cost recovery charges for those years, the combined adjustment amount is payable by the exporter to the Board.

  • — SOR/2009-307, s. 24

    • 24. On September 30, 2010, the Board shall issue to each large electricity exporter an invoice that sets out the combined adjustment amount calculated for the exporter under section 22 of these Regulations.

  • — SOR/2009-307, s. 25

    • 25. An amount payable under section 23 of these Regulations shall be paid by the large electricity exporter in accordance with subsection 20(3) of the Regulations and is subject to the interest requirements set out in subsection 20(4) of the Regulations.

  • — SOR/2009-307, s. 26

    • 26. Each large power line company shall, on or before February 15, 2010, provide the Board with its forecasts of electricity transmissions for 2010.

  • — SOR/2009-307, s. 27

    • 27. The Board shall, on or before March 31, 2010, notify each large power line company of the cost recovery charge that will be payable by that company for 2010.

  • — SOR/2009-307, s. 28

    • 28. The Board shall determine the total amount of costs to be recovered from large power line companies for 2010 by

      • (a) multiplying the percentage determined under paragraph 12(1)(c) of the Regulations by the total costs determined under section 6 of the Regulations and adjusted under section 8 of the Regulations; and

      • (b) deducting, from that product, the total of the levies to be paid during that year under section 5.3 of the Regulations.

  • — SOR/2009-307, s. 29

    • 29. The cost recovery charge payable by a large power line company for 2010 is equal to the amount determined under subsection 14(3) of the Regulations except that

      • (a) the forecast of electricity transmissions referred to in the description of B in that subsection shall be that provided by the company for 2010 under section 26 of these Regulations; and

      • (b) the aggregate of the forecast of electricity transmissions referred to in the description of C in that subsection shall be the aggregate of those provided by all large power line companies for 2010 under section 26 of these Regulations.

  • — SOR/2009-307, s. 30

      • 30. (1) On or before March 31, 2010, the Board shall issue to each large power line company an invoice for the cost recovery charge that is payable by that company for 2010.

      • (2) The amount of the cost recovery charge for 2010 shall be paid by the company by May 15, 2010.

      • (3) If the company fails to pay the amount of the cost recovery charge by May 15, 2010, the company shall pay interest on the outstanding amount at a rate of 1.5% per month, compounded monthly, beginning on May 16, 2010.


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