O. Reg. 188/06: Payments to the OPA, IESO and Consumers

 

ontario regulation 188/06

made under the

Ontario Energy Board Act, 1998

Made: May 3, 2006
Filed: May 5, 2006
Published on e-Laws: May 9, 2006
Printed in The Ontario Gazette: May 20, 2006

Amending O. Reg. 48/05

(Payments to the OPA, IESO and Consumers)

1. (1) Subsection 13 (2) of Ontario Regulation 48/05 is amended by striking out “subsection (3), (4), (5) or (6)” at the end and substituting “subsection (4), (5), (6), (6.1) or (6.3)”.

(2) Subsection 13 (3) of the Regulation is revoked.

(3) Paragraph 3 of subsection 13 (4) of the Regulation is revoked.

(4) Subsection 13 (5) of the Regulation is revoked and the following substituted:

(5) If this section applies in respect of an amount otherwise payable to a consumer by a licensed distributor who is a market participant, the licensed distributor shall, before the expiry of the period specified by the IESO, pay the amount to the IESO.

(5) Paragraph 4 of subsection 13 (6) of the Regulation is revoked.

(6) Section 13 of the Regulation is amended by adding the following subsections:

(6.1) The IESO shall make a payment to West Coast Huron Energy Inc. equal to the lesser of,

(a) $191,000; and

(b) the sum of,

(i) all amounts referred to in subsection (1) that would otherwise be payable by the IESO to a consumer, and

(ii) all payments to the IESO required under paragraph 2 of subsection (4), subsection (5), or paragraph 3 of subsection (6).

(6.2) The IESO may determine the method by which it pays the amount under subsection (6.1) and the time or times within with the payment or payments are made.

(6.3) If the sum determined under clause (6.1) (b) exceeds the amount payable by the IESO under subsection (6.1), the IESO shall pay the amount of the difference to the OPA before the expiry of the period specified by the OPA.