19.0.1 (1) For the purposes of this Act, the assessed value of generating station buildings or structures, transformer station buildings or structures or any buildings or structures prescribed by the Minister that are situated on land owned by a designated electricity utility or municipal electricity utility shall be determined, (a)  on the basis of $86.11 for each square metre of inside ground floor area of, (i)  each actual generating station building or structure housing the generating equipment and machinery and any auxiliary equipment and machinery, (ii)  each transformer station building or structure housing the transforming equipment and machinery and any auxiliary equipment and machinery, and (iii)  any buildings or structures or portions of buildings or structures prescribed by the Minister; (b)  in the manner prescribed by the Minister for a building or structure or portion of a building or structure prescribed by the Minister; or (c)  by the Minister for a particular building or structure or portion of a building or structure specified by the Minister, as prescribed by the Minister.  2001, c. 23, s. 2 (1); 2004, c. 31, Sched. 3, s. 6 (1). Same (1.1) Subsection (1) does not apply for the purpose of determining the assessed value of, (a)  the land on which the buildings and structures described in subsection (1) are situated; or (b)  the buildings or structures on that land other than those described in subsection (1).  1999, c. 9, s. 12 (1). Subsequent owners (1.2) If a generating station building or structure is owned by one of the persons referred to in subsection 92 (1) of the Electricity Act, 1998 on January 1, 2000 and is subsequently disposed of by that person, this section continues to apply to the building or structure.  2000, c. 25, s. 6. No reduction in taxes (2) The taxes payable for municipal and school purposes on a building or structure to which subsection (1) applies, determined on an annual basis and payable by the owner, shall not be less than the amount of taxes payable for municipal and school purposes on that building or structure in 1998.  1999, c. 9, s. 12 (1). Payments under s. 27 (3) The reference in subsection (2) to taxes payable for municipal and school purposes shall be deemed to include payments under subsection 27 (3) and payments under section 52 of the Power Corporation Act.  1999, c. 9, s. 12 (1). Former generating stations (4) Subsection (1) does not apply to land on which are situated generating station buildings if, (a)  the buildings are no longer used to generate electricity; and (b)  the buildings are not capable, in their present form, of being used to generate electricity. (c)  Repealed:  2004, c. 31, Sched. 3, s. 6 (2). 1998, c. 15, Sched. E, s. 1 (1); 2004, c. 31, Sched. 3, s. 6 (2). Definitions (5) In this section, “designated electricity utility” means, (a)  Hydro One Inc., as defined in the Electricity Act, 1998, or a subsidiary of it within the meaning of that Act, or (b)  Ontario Power Generation Inc., as defined in the Electricity Act, 1998, or a subsidiary of it within the meaning of that Act; (“service public d’électricité désigné”) “municipal electricity utility” has the same meaning as in Part VI of the Electricity Act, 1998. (“service municipal d’électricité”)  1998, c. 15, Sched. E, s. 1 (1); 2002, c. 1, Sched. C, s. 1 (2). Deemed ownership (6) For the purposes of subsection (1), a building or structure or portion of a building or structure to which subsection (1) applies shall be deemed to be owned by a designated electricity utility or a municipal electricity utility if the land is owned by the Crown or a municipality and is occupied by the designated electricity utility or the municipal electricity utility.  2001, c. 23, s. 2 (2). Section Amendments with date in force (d/m/y) 1998, c. 15, Sched. E, s. 1 (1) - 01/04/1999; 1999, c. 9, s. 12 (1) - 01/04/1999 2000, c. 25, s. 6 - 04/12/2000 2001, c. 23, s. 2 (1) - 01/04/1999 2002, c. 1, Sched. C, s. 1 (2) - 27/06/2002 2004, c. 31, Sched. 3, s. 6 (1, 2) - 16/12/2004