Thank you, Mr. Speaker. Mr. Speaker, my question is for the Minister of the Power Corporation. We know now that the Public Utilities Board denied the Power Corporation’s rate application for a rate increase. I’d like to know, can the Minister tell us what does this mean for the operation costs of NTPC? Will the rate payers or the taxpayers of the territory be expected to subsidize the Corporation further?
Masi. Minister responsible for NWT Power Corporation.
Mr. Speaker, the Member is quite correct. The Public Utilities Board, PUB, did not approve the Northwest Territories Power Corporation’s interim rate application that was to have come into effect on June 1st. NTPC will reapply for an interim rate, the same 4.8 per cent increase when it submits it GRA later this month with an anticipated effective date of August 1st, 2016. We’re not anticipating much loss or any loss of money in a significant amount.
Oral questions. Member for Frame Lake.
