Payments re embedded generators
4. (1) In this section, “A” is the authorized charge, “E” is the volume of electricity purchased by a distributor who is a market participant from an embedded generator during a month, adjusted for total losses as required by the Retail Settlement Code, “F” is the volume of electricity purchased by an embedded distributor from an embedded generator during a month, adjusted for total losses as required by the Retail Settlement Code. O. Reg. 436/02, s. 4 (1). (2) If a distributor who is a market participant purchases electricity during a month from an embedded generator, (a) the distributor shall give the IMO such information as it may specify with respect to the payments required by this section, in the form specified by the IMO and before the expiry of the period specified by the IMO; (b) the IMO shall give the Financial Corporation such information as it may specify with respect to those payments, in the form specified by the Financial Corporation and before the expiry of the period specified by the Financial Corporation; (c) the distributor shall pay the amount calculated using the formula “A × E” to the IMO before the expiry of the period specified by the IMO; and (d) the IMO shall pay that amount to the Financial Corporation after receiving the information required by clause (a) from the distributor and before the expiry of the period specified by the Financial Corporation. O. Reg. 436/02, s. 4 (2). (3) If an embedded distributor purchases electricity during a month from an embedded generator, (a) the embedded distributor shall give its host distributor such information as the IMO may specify with respect to the payments required by this section and shall do so before the expiry of the period specified by the host distributor; (b) the host distributor shall give the IMO such information as it may specify with respect to those payments, in the form specified by the IMO and before the expiry of the period specified by the IMO; (c) the IMO shall give the Financial Corporation such information as it may specify with respect to those payments, in the form specified by the Financial Corporation and before the expiry of the period specified by the Financial Corporation; (d) the embedded distributor shall pay the amount calculated using the formula “A × F” to the host distributor and shall do so before the expiry of the period specified by the Board; (e) the host distributor shall pay that amount to the IMO before the expiry of the period specified by the IMO; and (f) the IMO shall pay that amount to the Financial Corporation after receiving the information required by clause (b) from the host distributor and before the expiry of the period specified by the Financial Corporation. O. Reg. 436/02, s. 4 (3). (4) If, under subsection 5 (1), the Financial Corporation establishes requirements that provide for interim payments based on estimates and for subsequent adjustments, clauses (2) (b) and (d) and (3) (c) and (f) apply with necessary modifications with respect to the estimated amounts for “E” and “F” and the subsequent adjustments to those amounts. O. Reg. 436/02, s. 4 (4). (5) If, under subsection 5 (2), the IMO establishes requirements that provide for interim payments based on estimates and for subsequent adjustments, clauses (2) (a) and (c) and (3) (a), (b), (d) and (e) apply with necessary modifications with respect to the estimated amounts for “E” and “F” and the subsequent adjustments to those amounts. O. Reg. 436/02, s. 4 (5).