Section 1 definition of "protected assets" BEFORE repealed by 2010-22-40, effective June 3, 2010 (Royal Assent).
"protected assets" means any of the following in respect of which, on the date on which this Act receives First Reading in the Legislative Assembly, a certificate of public convenience and necessity has been granted, or has been deemed to have been granted, to the authority under the Utilities Commission Act:
(a) those generation and storage assets identified in the Schedule to this Act;
(b) equipment or facilities for the transmission or distribution of electricity;
Section 2 BEFORE repealed by 2010-22-41, effective June 3, 2010 (Royal Assent).
Sale of protected assets prohibited
2 (1) Subject to subsection (2), the authority must not sell or otherwise dispose of the protected assets.
(2) Nothing in subsection (1) prevents the authority from disposing of protected assets if
(a) the assets disposed of are no longer fit for their intended purpose,
(b) the assets disposed of are no longer used or useful,
(c) the assets disposed of are to be replaced with one or more assets that will perform similar functions, or
(d) the disposition is in accordance with one or more of the agreements designated by the Lieutenant Governor in Council under section 3 of the Transmission Corporation Act.
Section 4 (2) (a) BEFORE amended by 2010-22-42, effective July 5, 2010.
(a) to amend any regulation made under any of the Utilities Commission Act, the Hydro and Power Authority Act and the Transmission Corporation Act;
Schedule BEFORE repealed by 2010-22-43, effective June 3, 2010 (Royal Assent).
Those generation and storage assets commonly known as the following:
| Aberfeldie | La Joie |
| Alouette | Ladore |
| Ash River | Mica |
| Bridge River | Peace Canyon |
| Buntzen/Coquitlam | Prince Rupert |
| Burrard Thermal | Puntledge |
| Cheakamus | Revelstoke |
| Clowhom | Ruskin |
| Duncan | Seton |
| Elko | Seven Mile |
| Falls River | Shuswap |
| Fort Nelson | Spillimacheen |
| G. M. Shrum | Stave Falls |
| Hugh Keenleyside Dam (Arrow Reservoir) | Strathcona |
| John Hart | Wahleach |
| Jordan | Walter Hardman |
| Kootenay Canal | Whatshan |