Mr. Speaker, I have a return to an oral questions asked by Mr. Pudlat on November 27, 1992, with regard to the study on the rates of the N.W.T. Power Corporation.
The Power Corporation's rates are currently being reviewed by the Public Utilities Board. The board's review consists of two parts. First of all, revenue requirement, which is how much the Corporation can earn in total; and secondly, individual rates.
The revenue requirement stage has been going on for several months and should be completed soon. Then the board can begin to look at the corporation's rates and decide what fair rates are, and whether there should be so many different rates.
The rate review process is taking a long time because the Corporation's rates just came under the Public Utilities Board's jurisdiction in April, 1992. Therefore, this is the Corporation's first full rate application and it must meet many new regulatory requirements.
Mr. Speaker, I have another return to an oral question asked by Mr. Ningark on November 25, 1992, regarding funding for social services appeal committees.