119(1) Based on materials and information filed with it by the Corporation in accordance with the regulations, the Board may, subject to and in accordance with the regulations and subject to subsection (2),
(a)
approve a reliability standard, with or without modifications,
(b)
approve modifications to an approved reliability standard,
(c)
refuse to approve a reliability standard or modifications to an approved reliability standard,
(d)
remand a reliability standard or modifications to an approved reliability standard to the Corporation for further consideration, or
(e)
retire an approved reliability standard.
119(2)The Board shall not approve a reliability standard, with or without modifications, or approve modifications to or retire an approved reliability standard without having considered
(a)
the potential impact of the approval or the retirement on the reliability of the bulk power system,
(b)
the potential cost and benefits of the approval or the retirement,
(c)
the public interest, and
(d)
any other factors that the Board considers relevant.
119(3)Despite subsection (2), the Board shall approve a reliability standard or approve modifications to or retire an approved reliability standard in the circumstances set out in the regulations.
119(4)The Regulations Act does not apply to an approved reliability standard.
119(1) Based on materials and information filed with it by the Corporation in accordance with the regulations, the Board may, subject to and in accordance with the regulations and subject to subsection (2),
(a)
approve a reliability standard, with or without modifications,
(b)
approve modifications to an approved reliability standard,
(c)
refuse to approve a reliability standard or modifications to an approved reliability standard,
(d)
remand a reliability standard or modifications to an approved reliability standard to the Corporation for further consideration, or
(e)
retire an approved reliability standard.
119(2)The Board shall not approve a reliability standard, with or without modifications, or approve modifications to or retire an approved reliability standard without having considered
(a)
the potential impact of the approval or the retirement on the reliability of the bulk power system,
(b)
the potential cost and benefits of the approval or the retirement,
(c)
the public interest, and
(d)
any other factors that the Board considers relevant.
119(3)Despite subsection (2), the Board shall approve a reliability standard or approve modifications to or retire an approved reliability standard in the circumstances set out in the regulations.
119(4)The Regulations Act does not apply to an approved reliability standard.
119(1) Based on materials and information filed with it by the Corporation in accordance with the regulations, the Board may, subject to and in accordance with the regulations and subject to subsection (2),
(a)
approve a reliability standard, with or without modifications,
(b)
approve modifications to an approved reliability standard,
(c)
refuse to approve a reliability standard or modifications to an approved reliability standard,
(d)
remand a reliability standard or modifications to an approved reliability standard to the Corporation for further consideration, or
(e)
retire an approved reliability standard.
119(2)The Board shall not approve a reliability standard, with or without modifications, or approve modifications to or retire an approved reliability standard without having considered
(a)
the potential impact of the approval or the retirement on the reliability of the bulk power system,
(b)
the potential cost and benefits of the approval or the retirement,
(c)
the public interest, and
(d)
any other factors that the Board considers relevant.
119(3)Despite subsection (2), the Board shall approve a reliability standard or approve modifications to or retire an approved reliability standard in the circumstances set out in the regulations.
119(4)The Regulations Act does not apply to an approved reliability standard.