Ontario · Amendment
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
Recorded date: April 24, 2026
Detected: June 11, 2026. Verify commencement in the official source.
Plain-language summary · AI-assisted
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
Check the official text
98e15 on the official source ↗ · consolidated version 85 → 0
This page isn't an official version of the law and isn't legal advice. Summaries may omit details. Verify the dates and provisions that apply to you against the official source.