48.3. Notwithstanding section 48.2, the electric power distributor may apply to the Régie, before the deadline specified in that section, to request it to modify any rate set out in Schedule I to the Hydro-Québec Act (chapter H-5) where the following conditions are met:1° the electric power distributor has presented a report to the Government showing that due to special circumstances it will no longer be able to meet its obligation under section 24 of the Hydro-Québec Act; and
2° the Government, after analyzing the report, makes an order indicating to the Régie its economic, social and environmental concerns with respect to the distributor’s application.