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Newfoundland and Labrador
Power Rental Regulations, 2003 (Amendment)
(Filed October 26, 2016)
Under the authority of sections 29 and 64 of the Water Resources Act, the Lieutenant-Governor in Council makes the following regulations.
Bernard M. Coffey, Q.C.
1. Section 4 of the Water Power Rental Regulations, 2003 is repealed and the following substituted:
4. (1) The annual rent for a water use licence shall be $2.50 per megawatt hour of power generated.
(2) On January 1 of each year during the term of a
water use licence the annual rent under subsection (1) shall be adjusted based
on the percentage change, rounded to 2 decimal places, in relation to the
preceding year, in the All-items Consumer Price Index for
(3) For the purposes of subsection (2), the All-items
Consumer Price Index for