O. Reg. 294/14: DEFINITIONS AND EXEMPTIONS

Link to law: http://www.ontario.ca/laws/regulation/r14294
Published: 2014-12-16

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ontario regulation 294/14

made under the

Electricity Act, 1998

Made: December 10, 2014
Filed: December 16, 2014
Published on e-Laws: December 16, 2014
Printed in The Ontario Gazette: January 3, 2015


Amending O. Reg. 160/99

(DEFINITIONS AND EXEMPTIONS)

1. (1) The definition of “independent director” in subsection 1 (1) of Ontario Regulation 160/99 is revoked and the following substituted:

“independent director” means, with respect to the IESO, a person who,

(a) is not a director, officer or employee of,

(i) a generator, transmitter, distributor or retailer,

(ii) a person who sells electricity or ancillary services through the IESO-administered markets or directly to another person, other than a consumer,

(iii) an industrial consumer, or

(iv) an affiliate of a person referred to in subclause (i), (ii) or (iii), and

(b) does not have a direct or indirect legal or beneficial interest in or commercial affiliation with,

(i) a generator, transmitter, distributor or retailer,

(ii) a person who sells electricity or ancillary services through the IESO-administered markets or directly to another person, other than a consumer, or

(iii) an affiliate of a person referred to in subclause (i) or (ii);

(2) Subclause 1 (3) (b) (ii) of the Regulation is amended by striking out “IMO-administered” and substituting “IESO-administered”.

2. Subsection 2.0.1 (6) of the Regulation is amended by striking out “IMO-controlled” and substituting “IESO-controlled”.

3. Paragraph 2 of subsection 2.4 (3) of the Regulation is amended by striking out “IMO-controlled” and substituting “IESO-controlled”.

Commencement

4. This Regulation comes into force on the later of January 1, 2015 and the day it is filed.