Payments by the IESO to licensed distributors
14.4 (1) The IESO shall make a payment to every licensed distributor who is a market participant and is required to make a payment described in section 14.2 to a retailer, and the payment that the IESO is required by this subsection to make is equal to the payment, if any, that the licensed distributor is required to make under section 14.2 to the retailer. O. Reg. 52/03, s. 1; O. Reg. 480/05, s. 1. (2) The IESO shall make the payment required by subsection (1) to a licensed distributor after receiving a statement from the licensed distributor setting out the information provided to the licensed distributor under clause 14.2 (4) (a). O. Reg. 52/03, s. 1; O. Reg. 480/05, s. 1. (3) The IESO shall make a payment to every licensed distributor who is a market participant and who is required to make a payment described in section 14.3 to an embedded distributor, and the payment that the IESO is required by this subsection to make is equal to the payment, if any, that the licensed distributor is required to make under section 14.3 to the embedded distributor. O. Reg. 52/03, s. 1; O. Reg. 480/05, s. 1. (4) The IESO shall make the payment required by subsection (3) to a licensed distributor after receiving a statement from the licensed distributor setting out the information provided to the licensed distributor under clause 14.3 (4) (a). O. Reg. 52/03, s. 1; O. Reg. 480/05, s. 1. (5) The IESO shall make a payment to a licensed distributor who is a market participant and who is required to make a payment under subsection 79.1 (16) of the Act to entitled consumers who were located in the licensed distributor’s service area during the period in respect of which they are entitled to the payment, and the payment that the IESO is required by this subsection to make is equal to the aggregate of the payments that the licensed distributor is required to make under subsection 79.1 (16) of the Act to those consumers. O. Reg. 52/03, s. 1; O. Reg. 480/05, s. 1. (6) The IESO shall make the payment required by subsection (5) to a licensed distributor after receiving a statement from the licensed distributor setting out the number of entitled consumers to whom the licensed distributor is required to make a payment under subsection 79.1 (16) of the Act and the total amount payable by the licensed distributor to those consumers. O. Reg. 52/03, s. 1; O. Reg. 480/05, s. 1. (7) The IESO shall make a payment required by this section to a licensed distributor by paying the licensed distributor an amount payable to the licensed distributor under this section or by way of set-off of the amount against amounts payable to the IESO by the licensed distributor. O. Reg. 52/03, s. 1; O. Reg. 480/05, s. 1. (8) The IESO shall make the payments required by this section to a licensed distributor even if the licensed distributor has not yet made any payments to entitled consumers under subsection 79.1 (16) of the Act, to retailers under section 14.2 of this Regulation or to embedded distributors under section 14.3 of this Regulation. O. Reg. 52/03, s. 1; O. Reg. 480/05, s. 1. (9) Every licensed distributor who is a market participant shall provide the following information to the IESO and the Financial Corporation forthwith after making the payments required under subsection 79.1 (16) of the Act: 1. The number of entitled consumers to whom the licensed distributor made a payment under subsection 79.1 (16) of the Act. 2. The total amount paid by the licensed distributor under subsection 79.1 (16) of the Act to those entitled consumers. O. Reg. 52/03, s. 1; O. Reg. 480/05, s. 1.