EXPLANATORY NOTE

Currently, subsection 85 (4) of the Electricity Act, 1998 provides that the debt retirement charge is not payable on electricity consumed after March 31, 2018.  The subsection is amended to provide that the debt retirement charge is not payable on electricity consumed on or after the day this Bill receives Royal Assent.

Bill 133 2017

An Act to remove the debt retirement charge

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

1 Subsection 85 (4) of the Electricity Act, 1998 is amended by striking out "before April 1, 2018" and substituting "before the day the Retiring the Debt Retirement Charge Act, 2017 receives Royal Assent".

Commencement

2 This Act comes into force on the day it receives Royal Assent.

Short title

3 The short title of this Act is the Retiring the Debt Retirement Charge Act, 2017.