Acts and Regulations

2013, c.7 - Electricity Act

Section 103
Disposition versions

Full text
Rates – 2023-24 fiscal year and subsequent fiscal years
2021, c.42, s.31
103(1)Beginning with an application that covers the fiscal year commencing on April 1, 2023, the Corporation shall make an application to the Board for approval of the Corporation’s schedules of rates it proposes to charge for its services for each fiscal year, and may make an application to the Board for approval of the Corporation’s schedules of rates it proposes to charge for its services for a period encompassing more than one fiscal year, to a maximum of three fiscal years.
103(1.1)In an application made under subsection (1) that covers more than one fiscal year, the Corporation shall request Board approval of the Corporation’s schedules of rates it proposes to charge for its services for each fiscal year in the period to which the application relates.
103(1.2)The Corporation may make an application under subsection (1) in relation to a fiscal year for which rates have already been approved or fixed by the Board under this section.
103(1.3)If an application covers a fiscal year for which rates have already been approved or fixed by the Board under this section, the Board shall approve or fix the rates anew following a new hearing, and the procedure established in section 127 shall apply with any necessary modifications.
103(2)For each fiscal year to which an application made by the Corporation under subsection (1) relates, the application shall include, but not be limited to, the following:
(a) the Corporation’s projection of its load and revenue;
(b) the Corporation’s revenue requirements; and
(c) the Corporation’s schedules of rates it proposes to charge.
103(3)Nothing prevents the Corporation from making an application to the Board at any time for the approval of interim rates.
103(4)When an application has been filed under subsection (1) by the Corporation, the Corporation is entitled to charge for its services the rates last approved or fixed by the Board until such time as new rates are approved or fixed.
103(5)The Board shall, on receipt of an application under this section, proceed under section 127.
103(6)The Board, at the conclusion of the hearing under section 127, shall
(a) for each fiscal year to which the application relates, approve the rates applied for, if satisfied that they are just and reasonable or, if not so satisfied, fix other rates that it finds to be just and reasonable for each fiscal year,
(b) set the time at which any change in the rates is to take effect, and
(c) require the Corporation to file with the Board, before the time set under paragraph (b), updated schedules of rates approved or fixed by the Board.
103(7)In approving or fixing just and reasonable rates, the Board shall base its order or decision on the Corporation’s revenue requirements, taking into consideration
(a) the policy set out in section 68,
(b) the most recent integrated resource plan approved or deemed to be approved by the Executive Council under section 100,
(c) the most recent strategic, financial and capital investment plan filed with the Board under section 101,
(d) any requirements imposed by law on the Corporation that may be relevant to the application, including, without limitation, requirements regarding demand-side management and energy efficiency plans and renewable energy requirements,
(e) any directive issued by the Executive Council under section 69 that may be relevant to the application, and
(f) any policy established by a regulation made under paragraph 142(1)(f) that may be relevant to the application.
103(8)In approving or fixing just and reasonable rates, the Board may take into consideration
(a) accounting and financial policies of the Corporation,
(b) matters of cost allocation and rate design,
(c) customer service related charges,
(d) the Corporation’s demand-side management and energy efficiency plans, and
(e) any other factors that the Board considers relevant.
103(9)This section does not apply to rate riders established under the regulations.
103(10)Despite any other provision of this Act, in determining the revenue requirements of the Corporation and approving or fixing just and reasonable rates, the Board shall use
(a) the capital structure prescribed by regulation, if any,
(b) the return on equity prescribed by regulation, if any, or a return on equity within a range prescribed by regulation, if any, and
(c) the method of calculating the return on equity of the Corporation prescribed by regulation, if any.
2021, c.42, s.32
Rates – 2023-24 fiscal year and subsequent fiscal years
2021, c.42, s.31
103(1)Beginning with an application that covers the fiscal year commencing on April 1, 2023, the Corporation shall make an application to the Board for approval of the Corporation’s schedules of rates it proposes to charge for its services for each fiscal year, and may make an application to the Board for approval of the Corporation’s schedules of rates it proposes to charge for its services for a period encompassing more than one fiscal year, to a maximum of three fiscal years.
103(1.1)In an application made under subsection (1) that covers more than one fiscal year, the Corporation shall request Board approval of the Corporation’s schedules of rates it proposes to charge for its services for each fiscal year in the period to which the application relates.
103(1.2)The Corporation may make an application under subsection (1) in relation to a fiscal year for which rates have already been approved or fixed by the Board under this section.
103(1.3)If an application covers a fiscal year for which rates have already been approved or fixed by the Board under this section, the Board shall approve or fix the rates anew following a new hearing, and the procedure established in section 127 shall apply with any necessary modifications.
103(2)For each fiscal year to which an application made by the Corporation under subsection (1) relates, the application shall include, but not be limited to, the following:
(a) the Corporation’s projection of its load and revenue;
(b) the Corporation’s revenue requirements; and
(c) the Corporation’s schedules of rates it proposes to charge.
103(3)Nothing prevents the Corporation from making an application to the Board at any time for the approval of interim rates.
103(4)When an application has been filed under subsection (1) by the Corporation, the Corporation is entitled to charge for its services the rates last approved or fixed by the Board until such time as new rates are approved or fixed.
103(5)The Board shall, on receipt of an application under this section, proceed under section 127.
103(6)The Board, at the conclusion of the hearing under section 127, shall
(a) for each fiscal year to which the application relates, approve the rates applied for, if satisfied that they are just and reasonable or, if not so satisfied, fix other rates that it finds to be just and reasonable for each fiscal year,
(b) set the time at which any change in the rates is to take effect, and
(c) require the Corporation to file with the Board, before the time set under paragraph (b), updated schedules of rates approved or fixed by the Board.
103(7)In approving or fixing just and reasonable rates, the Board shall base its order or decision on the Corporation’s revenue requirements, taking into consideration
(a) the policy set out in section 68,
(b) the most recent integrated resource plan approved or deemed to be approved by the Executive Council under section 100,
(c) the most recent strategic, financial and capital investment plan filed with the Board under section 101,
(d) any requirements imposed by law on the Corporation that may be relevant to the application, including, without limitation, requirements regarding demand-side management and energy efficiency plans and renewable energy requirements,
(e) any directive issued by the Executive Council under section 69 that may be relevant to the application, and
(f) any policy established by a regulation made under paragraph 142(1)(f) that may be relevant to the application.
103(8)In approving or fixing just and reasonable rates, the Board may take into consideration
(a) accounting and financial policies of the Corporation,
(b) matters of cost allocation and rate design,
(c) customer service related charges,
(d) the Corporation’s demand-side management and energy efficiency plans, and
(e) any other factors that the Board considers relevant.
2021, c.42, s.32
Rates
103(1)The Corporation shall make an application to the Board for approval of the Corporation’s schedules of rates it proposes to charge for its services
(a) for the fiscal year which commences on April 1, 2015, and
(b) for each subsequent fiscal year.
103(2) An application made by the Corporation under subsection (1) shall include, but not be limited to, the following:
(a) the Corporation’s projection of its load and revenue for the fiscal year to which the application relates;
(b) the Corporation’s revenue requirements for the fiscal year to which the application relates; and
(c) the Corporation’s schedules of rates it proposes to charge for the fiscal year to which the application relates.
103(3)Nothing prevents the Corporation from making an application to the Board at any time for the approval of interim rates.
103(4)When an application has been filed under subsection (1) by the Corporation, the Corporation is entitled to charge for its services the rates last approved or fixed by the Board until such time as new rates are approved or fixed.
103(5)The Board shall, on receipt of an application under this section, proceed under section 127.
103(6)The Board, at the conclusion of the hearing under section 127, shall
(a) approve the rates applied for, if satisfied that they are just and reasonable or, if not so satisfied, fix other rates that it finds to be just and reasonable,
(b) set the time at which any change in the rates is to take effect, and
(c) require the Corporation to file with the Board, before the time set under paragraph (b), updated schedules of rates approved or fixed by the Board.
103(7)In approving or fixing just and reasonable rates, the Board shall base its order or decision on the Corporation’s revenue requirements, taking into consideration
(a) the policy set out in section 68,
(b) the most recent integrated resource plan approved or deemed to be approved by the Executive Council under section 100,
(c) the most recent strategic, financial and capital investment plan filed with the Board under section 101,
(d) any requirements imposed by law on the Corporation that may be relevant to the application, including, without limitation, requirements regarding demand-side management and energy efficiency plans and renewable energy requirements,
(e) any directive issued by the Executive Council under section 69 that may be relevant to the application, and
(f) any policy established by a regulation made under paragraph 142(1)(f) that may be relevant to the application.
103(8)In approving or fixing just and reasonable rates, the Board may take into consideration
(a) accounting and financial policies of the Corporation,
(b) matters of cost allocation and rate design,
(c) customer service related charges,
(d) the Corporation’s demand-side management and energy efficiency plans, and
(e) any other factors that the Board considers relevant.
Rates
103(1)The Corporation shall make an application to the Board for approval of the Corporation’s schedules of rates it proposes to charge for its services
(a) for the fiscal year which commences on April 1, 2015, and
(b) for each subsequent fiscal year.
103(2) An application made by the Corporation under subsection (1) shall include, but not be limited to, the following:
(a) the Corporation’s projection of its load and revenue for the fiscal year to which the application relates;
(b) the Corporation’s revenue requirements for the fiscal year to which the application relates; and
(c) the Corporation’s schedules of rates it proposes to charge for the fiscal year to which the application relates.
103(3)Nothing prevents the Corporation from making an application to the Board at any time for the approval of interim rates.
103(4)When an application has been filed under subsection (1) by the Corporation, the Corporation is entitled to charge for its services the rates last approved or fixed by the Board until such time as new rates are approved or fixed.
103(5)The Board shall, on receipt of an application under this section, proceed under section 127.
103(6)The Board, at the conclusion of the hearing under section 127, shall
(a) approve the rates applied for, if satisfied that they are just and reasonable or, if not so satisfied, fix other rates that it finds to be just and reasonable,
(b) set the time at which any change in the rates is to take effect, and
(c) require the Corporation to file with the Board, before the time set under paragraph (b), updated schedules of rates approved or fixed by the Board.
103(7)In approving or fixing just and reasonable rates, the Board shall base its order or decision on the Corporation’s revenue requirements, taking into consideration
(a) the policy set out in section 68,
(b) the most recent integrated resource plan approved or deemed to be approved by the Executive Council under section 100,
(c) the most recent strategic, financial and capital investment plan filed with the Board under section 101,
(d) any requirements imposed by law on the Corporation that may be relevant to the application, including, without limitation, requirements regarding demand-side management and energy efficiency plans and renewable energy requirements,
(e) any directive issued by the Executive Council under section 69 that may be relevant to the application, and
(f) any policy established by a regulation made under paragraph 142(1)(f) that may be relevant to the application.
103(8)In approving or fixing just and reasonable rates, the Board may take into consideration
(a) accounting and financial policies of the Corporation,
(b) matters of cost allocation and rate design,
(c) customer service related charges,
(d) the Corporation’s demand-side management and energy efficiency plans, and
(e) any other factors that the Board considers relevant.