THE NEWFOUNDLAND AND LABRADOR GAZETTE EXTRAORDINARY

Part II PUBLISHED BY AUTHORITY ST. JOHN'S, WEDNESDAY, OCTOBER 26, 2016 NEWFOUNDLAND AND LABRADOR REGULATION NLR 69/16

Extraordinary Gazette October 26, 2016 3 NEWFOUNDLAND AND LABRADOR REGULATION 69/16 Water Power Rental Regulations, 2003 (Amendment) under the Water Resources Act (O.C. 2016-218) (Filed October 26, 2016) Under the authority of sections 29 and 64 of the Water Resources Act, the Lieutenant -Governor in Council makes the following regulations. Dated at St. John’s, October 24, 2016. Bernard M. Coffey, Q.C. Clerk of the Executive Council REGULATIONS Analysis 1. S.4 R&S Rates

Section 4 of the Water Power Rental Regulations , 2003 is repealed and the following substituted: 4.

(1) The annual rent for a water use licence shall be $2.50 per megawatt hour of power generated.

(2) On January 1 of each year dur ing the term of a water use licence the annual rent under sub section (1) shall be adjusted based on NLR 64/03 Rates

Water Power Rental Regulations, 2003 (Amendment) 69/16 Extraordinary Gazette October 26, 2016 4 the percentage change, rounded to 2 decimal places, in relation to the preceding year, in the All-items Consumer Price Index for Canada as published under the Statistics Act (Canada).

(3) For the purposes of subsection (2), the All-items Consumer Price Index for Canada for a year is the annual average calculated from the monthly i ndexes for the 12 month period ending September 30 of the preceding year. ©Queen's Printer

5 ST. JOHN'S, WEDNESDAY, OCTOBER 26 2016 Extraordinary Gazette Index Title of Act and Subordinate Legislation CNLR or XNL Gazette made thereunder NL Reg. Amendment Date & Page No. Water Resources Act Water Resource Rental NLR 69/16 Amends Oct 26/16 p. 3 Regulations (Amdt.) 64/03 S.4 R& S