1

 

 

Third Session, 45th General Assembly

55 Elizabeth II, 2006

BILL 1

AN ACT TO AMEND THE HYDRO CORPORATION ACT AND THE ELECTRICAL POWER CONTROL ACT, 1994

Received and Read the First Time...................................................................................................

Second Reading.................................................................................................................................

Committee............................................................................................................................................

Third Reading.....................................................................................................................................

Royal Assent......................................................................................................................................

HONOURABLE EDWARD J. BYRNE

Minister of Natural Resources

Ordered to be printed by the Honourable House of Assembly

 

EXPLANATORY NOTE

This Bill would amend the Hydro Corporation Act to permit the corporation to engage in activities related to the exploration for, development, production, refining, marketing and transportation of, hydrocarbons and products from hydrocarbons.

The amendments would also permit the corporation to engage in other activities that the Lieutenant-Governor in Council may approve. 

Currently the corporation may only pursue objects relating to the development, generation and sale of electric power.

The Bill would also amend the Electrical Power Control Act, 1994.  Section 24 of that Act presently prohibits Newfoundland and Labrador Hydro from engaging in activities that are not related to electrical power generation and sale.

A BILL

AN ACT TO AMEND THE HYDRO CORPORATION ACT AND THE ELECTRICAL POWER
CONTROL ACT, 1994

Analysis


              HYDRO CORPORATION ACT

        1.   S.4 Amdt.
Supply of power

              ELECTRICAL POWER CONTROL ACT, 1994

        2.   S.24 Amdt.
Restrictions on business


Be it enacted by the Lieutenant-Governor and House of Assembly in Legislative Session convened, as follows:

HYDRO CORPORATION ACT

RSNL1990 cH-16 as amended

        1. Section 4 of the Hydro Corporation Act is amended by renumbering it as subsection (1) of section 4 and by adding immediately after subsection (1) the following:

             (2)  In addition to the objects referred to in subsection (1), the corporation may, in the province and elsewhere, engage in activities related to the exploration for, development, production, refining, marketing and transportation of, hydrocarbons and products from hydrocarbons.

             (3)  Notwithstanding subsections (1) and (2), the corporation may engage in those other activities that the Lieutenant-Governor may approve.

ELECTRICAL POWER CONTROL ACT, 1994

SNL1994 c E-5.1 as amended

        2. Section 24 of the Electrical Power Control Act, 1994 is amended by adding immediately after subsection (2) the following:

             (3)  This section does not apply to Newfoundland and Labrador Hydro.