Future repeal of two Financial Administration Act exemptions flagged in Electricity Act consolidation
Electricity Act, 1998, S.O. 1998, c. 15, Sched. A — under the Electricity Act, 1998
Plain-language summary · AI-assisted · not legal advice
The consolidated text of the Electricity Act now includes editorial notes signalling that two provisions — one exempting certain Part transactions from section 28 of the Financial Administration Act (s. 51), and another doing the same for securities-related orders involving Hydro One and Ontario Power Generation (s. 122(3)) — are scheduled for repeal on a date still to be set by the Lieutenant Governor in Council. No repeal has taken effect yet; these are prospective amendments recorded in the statute's amendment history. Entities involved in transactions covered by those exemptions — particularly those relying on the carve-out from Financial Administration Act approval requirements — should be aware that those exemptions will eventually disappear and plan accordingly.
Who this affects: Hydro One Inc. · Ontario Power Generation Inc. · Ontario Hydro · Ontario Ministry of Finance · electricity sector financial transaction participants
Source of truth: 98e15 on ontario.ca · consolidated version 85 → 0
Legislative text © King's Printer for Ontario. This page is not an official version of the law and is not legal advice. Verify against the official source before acting.
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