Northern Pipeline Act

Marginal note:Rate of return

34 The Board shall, in determining an appropriate rate of return on equity investment in a company,

• (a) take into account

  • (i) the capital cost estimates set out in the Agreement, and

  • (ii) the extent to which variations in actual costs from the estimates referred to in subparagraph (i) were within or outside the control of the company;

• (b) establish a rate of return, taking into account the factors set out in paragraph (a), that is not detrimental, when taken into account with the rate of return of every other company, to the financing of the Dempster Line described in the Agreement; and

• (c) comply with such regulations as the Governor in Council may make prescribing or otherwise relating to the manner of calculating the rate of return.