BILL 26

An Act to Amend the Electricity Act

Her Majesty, by and with the advice and consent of the Legislative Assembly of New Brunswick, enacts as follows:

1 Section 143.1 of the Electricity Act, chapter E-4.6 of the Acts of New Brunswick, 2003, is amended

(a)  in subsection (7)

(i) in paragraph (a) of the English version by striking out “and” at the end of the paragraph;

(ii) by striking out the period at the end of the paragraph (b) and substituting a comma followed by “and”;

(iii) by adding after paragraph (b) the following:

(c)  an offset amount, as determined in accordance with the regulations, that is included in the charges, rates and tolls charged by the Distribution Corporation during the out of service period for the purchase of electricity that, but for the project, would in the normal course have been generated at the Point Lepreau nuclear generating station and supplied to the Distribution Corporation by the Nuclear Corporation during the out of service period.

(b)  in subsection (8), by striking out “shall be deemed to be necessary to carry out the project” and substituting “shall be deemed to be prudent and necessary to carry out the project”.

2 Section 149 of the Act is amended

(a)  in subsection (1) by adding after paragraph (l.1) the following:

(l.2)  determining the offset amount referred to in paragraph 143.1(7)(c);

(b)  in subsection (4) by striking out “paragraph (1)(l.1)” and substituting “paragraph (1)(l.1) or (l.2)”.

3 This Act shall be deemed to have come into force on March 28, 2008.