Acts and Regulations

2013, c.7 - Electricity Act

Section 101
Disposition versions

Full text
Strategic, financial and capital investment plan
101(1)As part of an application made under section 103, the Corporation shall file with the Board a strategic, financial and capital investment plan that covers three consecutive fiscal years.
101(1.01)For the purposes of subsection (1), the strategic, financial and capital investment plan of the Corporation shall cover each fiscal year covered by the application and any subsequent fiscal year, as necessary, to amount to a total of three consecutive fiscal years.
101(1.02)A strategic, financial and capital investment plan of the Corporation shall include the following: 
(a) a schedule showing, for each fiscal year covered by the plan, each capital project contemplated by the Corporation that has a total projected capital cost of $50 million or more and the related projected annual capital expenditures for each such project;
(b) a schedule showing, for each fiscal year covered by the plan, the projected aggregate capital expenditures that relate to the capital projects contemplated by the Corporation that have a projected total capital cost of less than $50 million;
(c) the revenue requirements of the Corporation for each fiscal year covered by the plan;
(d) a projected balance sheet for the Corporation for each fiscal year covered by the plan;
(e) the Corporation’s load and revenue forecast for each fiscal year covered by the plan;
(f) a schedule showing, for each fiscal year covered by the plan, the projected annual overall change in rates for sales of electricity within the Province, expressed as a percentage, that is necessary to meet the revenue requirements referred to in paragraph (c); and
(g) any other information that the Corporation considers relevant or that is ordered by the Board under subsection (2) to be included.
101(1.1)Repealed: 2021, c.42, s.30
101(2)The Board may, on its own motion, order the Corporation to include additional information in any subsequent strategic, financial and capital investment plan filed under subsection (1).
101(3)A plan filed under subsection (1) shall not be inconsistent with the latest integrated resource plan approved or deemed to be approved under section 100.
2020, c.35, s.1; 2021, c.42, s.30
Strategic, financial and capital investment plan
101(1) The Corporation shall file with the Board for information purposes within one year after the commencement of this section and annually after that a strategic, financial and capital investment plan covering the next ten fiscal years that includes the following:
(a) a schedule showing, for each fiscal year covered by the plan, each capital project contemplated by the Corporation that has a total projected capital cost of $50 million or more and the related projected annual capital expenditures for each such project;
(b) a schedule showing, for each fiscal year covered by the plan, the projected aggregate capital expenditures that relate to the capital projects contemplated by the Corporation that have a projected total capital cost of less than $50 million;
(c) the revenue requirements of the Corporation for each fiscal year covered by the plan;
(d) a projected balance sheet for the Corporation for each fiscal year covered by the plan;
(e) the Corporation’s load and revenue forecast for each fiscal year covered by the plan;
(f) a schedule showing, for each fiscal year covered by the plan, the projected annual overall change in rates for sales of electricity within the Province, expressed as a percentage, that is necessary to meet the revenue requirements referred to in paragraph (c); and
(g) any other information that the Corporation considers relevant or that is ordered by the Board under subsection (2) to be included.
101(1.1)Despite subsection (1), the Corporation is not required to file the plan referred to in that subsection in 2020.
101(2)The Board may, on its own motion, order the Corporation to include additional information in any subsequent strategic, financial and capital investment plan filed under subsection (1).
101(3)A plan filed under subsection (1) shall not be inconsistent with the latest integrated resource plan approved or deemed to be approved under section 100.
2020, c.35, s.1
Strategic, financial and capital investment plan
101(1) The Corporation shall file with the Board for information purposes within one year after the commencement of this section and annually after that a strategic, financial and capital investment plan covering the next ten fiscal years that includes the following:
(a) a schedule showing, for each fiscal year covered by the plan, each capital project contemplated by the Corporation that has a total projected capital cost of $50 million or more and the related projected annual capital expenditures for each such project;
(b) a schedule showing, for each fiscal year covered by the plan, the projected aggregate capital expenditures that relate to the capital projects contemplated by the Corporation that have a projected total capital cost of less than $50 million;
(c) the revenue requirements of the Corporation for each fiscal year covered by the plan;
(d) a projected balance sheet for the Corporation for each fiscal year covered by the plan;
(e) the Corporation’s load and revenue forecast for each fiscal year covered by the plan;
(f) a schedule showing, for each fiscal year covered by the plan, the projected annual overall change in rates for sales of electricity within the Province, expressed as a percentage, that is necessary to meet the revenue requirements referred to in paragraph (c); and
(g) any other information that the Corporation considers relevant or that is ordered by the Board under subsection (2) to be included.
101(2)The Board may, on its own motion, order the Corporation to include additional information in any subsequent strategic, financial and capital investment plan filed under subsection (1).
101(3)A plan filed under subsection (1) shall not be inconsistent with the latest integrated resource plan approved or deemed to be approved under section 100.
Strategic, financial and capital investment plan
101(1) The Corporation shall file with the Board for information purposes within one year after the commencement of this section and annually after that a strategic, financial and capital investment plan covering the next ten fiscal years that includes the following:
(a) a schedule showing, for each fiscal year covered by the plan, each capital project contemplated by the Corporation that has a total projected capital cost of $50 million or more and the related projected annual capital expenditures for each such project;
(b) a schedule showing, for each fiscal year covered by the plan, the projected aggregate capital expenditures that relate to the capital projects contemplated by the Corporation that have a projected total capital cost of less than $50 million;
(c) the revenue requirements of the Corporation for each fiscal year covered by the plan;
(d) a projected balance sheet for the Corporation for each fiscal year covered by the plan;
(e) the Corporation’s load and revenue forecast for each fiscal year covered by the plan;
(f) a schedule showing, for each fiscal year covered by the plan, the projected annual overall change in rates for sales of electricity within the Province, expressed as a percentage, that is necessary to meet the revenue requirements referred to in paragraph (c); and
(g) any other information that the Corporation considers relevant or that is ordered by the Board under subsection (2) to be included.
101(2)The Board may, on its own motion, order the Corporation to include additional information in any subsequent strategic, financial and capital investment plan filed under subsection (1).
101(3)A plan filed under subsection (1) shall not be inconsistent with the latest integrated resource plan approved or deemed to be approved under section 100.