H-5 - Hydro-Québec Act

Section 15.1 Disposition versions

2023-12-07

15.1. The dividends to be paid by the Company are declared once each year by the Government within thirty days after the transmission by the Company to the Government of the financial data relative to the distributable surplus. They are payable according to the terms and conditions determined by the Government. They cannot exceed, for a particular financial period, the distributable surplus as hereinafter established.

The Company must submit with the financial data referred to in the first paragraph the information necessary to determine the Company’s revenues attributable to the indexation of the average cost of heritage pool electricity.

1981, c. 18, s. 3; 1999, c. 40, s. 145; 2023, c. 30, s. 38.

1999-10-22

15.1. The dividends to be paid by the Company are declared once each year by the Government within thirty days after the transmission by the Company to the Government of the financial data relative to the distributable surplus. They are payable according to the terms and conditions determined by the Government. They cannot exceed, for a particular financial period, the distributable surplus as hereinafter established.

1981, c. 18, s. 3; 1999, c. 40, s. 145.

1999-04-01

15.1. The dividends to be paid by the Corporation are declared once each year by the Government within thirty days after the transmission by the Corporation to the Government of the financial data relative to the distributable surplus. They are payable according to the terms and conditions determined by the Government. They cannot exceed, for a particular financial period, the distributable surplus as hereinafter established.

1981, c. 18, s. 3.