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H-5 - Hydro-Québec Act

Section 24
Disposition versions

Full text
24. The Company shall maintain its power rates at a sufficient level to defray, at least,
(1)  all operating expenditures;
(2)  the interest on its debt;
(3)  the amortization of its fixed assets over a maximum period of fifty years.
R. S. 1964, c. 86, s. 24; 1973, c. 19, s. 4; 1977, c. 5, s. 14; 1978, c. 41, s. 1; 1979, c. 81, s. 21; 1981, c. 18, s. 8; 1983, c. 15, s. 18; 1999, c. 40, s. 145.
24. The Corporation shall maintain its power rates at a sufficient level to defray, at least,
(1)  all operating expenditures;
(2)  the interest on its debt;
(3)  the amortization of its fixed assets over a maximum period of fifty years.
R. S. 1964, c. 86, s. 24; 1973, c. 19, s. 4; 1977, c. 5, s. 14; 1978, c. 41, s. 1; 1979, c. 81, s. 21; 1981, c. 18, s. 8; 1983, c. 15, s. 18.
24. The Corporation shall maintain its power rates at a sufficient level to defray, at least,
(1)  all operating expenditures;
(2)  interest on its debt;
(3)  amortization of its fixed assets over a maximum period of fifty years.
R. S. 1964, c. 86, s. 24; 1973, c. 19, s. 4; 1977, c. 5, s. 14; 1978, c. 41, s. 1; 1979, c. 81, s. 21; 1981, c. 18, s. 8.
24. The Corporation shall maintain its rates for power at a sufficient level to defray:
(1)  All operating costs;
(2)  Interest upon the capital invested;
(3)  Amortization of such capital over a maximum period of fifty years.
The Corporation shall maintain its rates for power at a sufficient level to also establish:
(1)  An adequate reserve for the renewal of the system;
(2)  A contingency reserve;
(3)  A reserve for rate stabilization;
(4)  Repealed.
R. S. 1964, c. 86, s. 24; 1973, c. 19, s. 4; 1977, c. 5, s. 14; 1978, c. 41, s. 1; 1979, c. 81, s. 21.
24. The Corporation shall maintain its rates for power at a sufficient level to defray:
(1)  All operating costs;
(2)  Interest upon the capital invested;
(3)  Amortization of such capital over a maximum period of fifty years.
The Corporation shall maintain its rates for power at a sufficient level to also establish:
(1)  An adequate reserve for the renewal of the system;
(2)  A contingency reserve;
(3)  A reserve for rate stabilization;
(4)  Available funds to pay to the Gouvernement out of its gross revenue annual profits amounting to twenty million dollars.
R. S. 1964, c. 86, s. 24; 1973, c. 19, s. 4; 1977, c. 5, s. 14; 1978, c. 41, s. 1.
24. The Commission shall maintain its rates for power at a sufficient level to defray:
(1)  All operating costs;
(2)  Interest upon the capital invested;
(3)  Amortization of such capital over a maximum period of fifty years.
The Commission shall maintain its rates for power at a sufficient level to also establish:
(1)  An adequate reserve for the renewal of the system;
(2)  A contingency reserve;
(3)  A reserve for rate stabilization;
(4)  Available funds to pay to the Gouvernement out of its gross revenue annual profits amounting to twenty million dollars.
R. S. 1964, c. 86, s. 24; 1973, c. 19, s. 4; 1977, c. 5, s. 14.
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