117.5(1)In this section, “generally accepted public utility practice” means generally accepted public utility practice as defined in the Gas Distribution Act, 1999.

117.5(2)The Board may, in accordance with generally accepted public utility practice, make an order permitting the Corporation to establish a regulatory variance account or regulatory deferral account, for the purpose of ensuring the recovery of prudently incurred costs of the Corporation and that the rate impact of the costs is minimized.

117.5(3)The Board shall authorize the recovery of the balance of any regulatory variance account or regulatory deferral account established in an order made under subsection (2) in any manner it considers appropriate, including determining the period during which the balance is to be recovered and the amounts to be included in the revenue requirements of the Corporation in any fiscal year.