Energy Administration Act

Marginal note:Prescribing prices

• 40 (1) Where an agreement is entered into with a producer-province under section 39, the Governor in Council may, by regulation, prescribe prices at which the various kinds of gas to which this Part applies that are produced, extracted, recovered or manufactured in that province are to be sold on or for delivery in any areas or zones in Canada and outside that province or at any points of export from Canada.

• Marginal note:Idem

  (2) Notwithstanding subsection (1), the Governor in Council may, by regulation, prescribe prices at which the various kinds of gas to which this Part applies that are produced, extracted, recovered or manufactured in the Yukon Territory, the Northwest Territories or Nunavut are to be sold on or for delivery in any areas or zones in Canada and outside that Territory or those Territories or at any points of export from Canada.

• Marginal note:Idem

  (3) The Governor in Council may, by regulation, prescribe prices at which the various kinds of gas to which this Part applies that are produced, extracted, recovered or manufactured in an offshore area are to be sold on or for delivery in any areas or zones in Canada and outside that offshore area or at any points of export from the offshore area and in that case the provisions of this Part, except those that refer to an agreement with the government of a producer-province, that apply in respect of gas produced, extracted, recovered or manufactured in a province apply, with such modifications as the circumstances require, in respect of gas produced, extracted, recovered or manufactured in the offshore area as if the offshore area were a province of production.

• Marginal note:How prescribed price established

  (4) For the purpose of establishing prices pursuant to subsection (1) or section 42, the Governor in Council shall have regard to such matters as he deems requisite from time to time to achieve the purpose of this Part including

  • (a) transportation and other costs applicable to the movement of gas;

  • (b) the kinds of gas produced, extracted, recovered or manufactured in Canada;

  • (c) the prices of alternative fuels in interprovincial markets; and

  • (d) the probable effect on the producers and consumers in Canada of establishing prescribed prices for the various kinds of gas.