Highlights

  • Sparta Energy seeks approval to export electricity to the U.S., with input requested on its impact and terms offered to Canadian buyers.
  • The Canada Revenue Agency has revoked the registration of certain charities due to mergers.
  • The Canadian Radio-television and Telecommunications Commission has updated its website with new applications and decisions.
  • The Public Service Commission has allowed public servants to run in federal elections, granting leave without pay for candidates.
  • The Trois-Rivières Port Authority’s borrowing limit has been increased, effective immediately.
  • CorePointe Insurance and Quebec Assurance are seeking approvals related to asset release and corporate transition, respectively, with opportunities for objections and standard reviews in place.

Regulatory Updates on Energy Exports, Charity Mergers, Broadcasting, and Public Service Elections

Sparta Energy, Inc. has applied to the Canada Energy Regulator for authorization to export up to 876,000 MWh of electricity annually to the United States for ten years. The Commission seeks input from interested parties on the potential impact of this export on other provinces and whether Sparta Energy has offered Canadian buyers the opportunity to purchase electricity on similar terms. Submissions are due by April 21, 2025, and responses from Sparta Energy are due by May 7, 2025.

The Canada Revenue Agency has announced the revocation of registration for several charities that have merged with other organizations. This revocation is effective immediately upon publication.

The Canadian Radio-television and Telecommunications Commission has posted various applications and decisions on its website, including a renewal application from The News Forum Inc. and a decision involving the Canadian Broadcasting Corporation.

The Public Service Commission of Canada has granted permission and leave for several public servants to seek nomination and candidacy in upcoming federal elections. These permissions include leave of absence without pay during the election period for those employees who become candidates. [Source]

Trois-Rivières Port Authority Borrowing Limit Increased to $62 Million

The Minister of Transport has issued supplementary letters patent to the Trois-Rivières Port Authority, amending the original letters patent from May 1, 1999. This amendment increases the limit on the Authority’s borrowing power for port purposes, as requested by its board of directors. The new borrowing limit is set at $62 million. The amendment was approved by the Governor in Council and is consistent with the Canada Marine Act. The change is effective as of March 20, 2025. [Source]

Insurance Companies Seek Regulatory Approvals for Asset Release and Corporate Transition

CorePointe Insurance Company plans to request authorization from the Superintendent of Financial Institutions in Canada to release its Canadian assets. Policyholders or creditors opposing this release must submit their objections by mail or email by April 28, 2025. Additionally, Quebec Assurance Company intends to seek approval from the Minister of Finance to transition to a corporation under the Canada Business Corporations Act. The board of directors retains the right to withdraw this application before it is processed. Approval for both actions is subject to standard review processes and the discretion of the respective authorities. [Source]

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