Thank you, Mr. Chairman. The committee acknowledges the improved reporting format presented by the Northwest Territories Housing Corporation for this capital review. The reporting format could be further enhanced by presenting consistent five year plans that are comparable from year to year. A consistent reporting format over a five year period would illustrate changes to plans and the addition of new projects in the planning cycle.

Members are concerned about the corporation's apparent inability to harness and market excess system capacity. This was noted, specifically, in relation to the Taltson River power generating station. Committee Members have serious reservations about the economic feasibility of privatizing the Power Corporation. Therefore, the committee looks forward to receiving a full briefing on the government's plans in this regard. Further, the committee will take the opportunity to assess the information that the government used in drawing any conclusions reached to date.

That is the report of the Standing Committee on Finance on the Northwest Territories Power Corporation. Thank you, Mr. Chairman.