AMENDED AND RESTATED CONTRACTSmall Hydro Program - Stream 3 Contract • January 8th, 2025 • Ontario
WHEREAS on August 23, 2023, the Minister of Energy issued a directive to the Sponsor pursuant to Subsection 25.32(5) of the Electricity Act (the “Ministerial Directive”) to require the IESO to launch a procurement initiative known as the Small Hydro Program, to provide new or amended contracts to existing small hydroelectric facilities, whose installed capacity, as determined on a facility-specific basis, is equal to or below 10 megawatts, and who either: (i) do not have any existing contracts with IESO or the Ontario Electricity Financial Corporation (“OEFC”); or (ii) have existing contracts with IESO or the OEFC that will expire on or before April 30, 2043;