Thank you, Mr. Chairman. I am confused now as to who is determining the price of the assets, whether it is PUB or the territorial government. My understanding was that the PUB would determine a rate, but the rate should be based on what the company, corporation or town would be having to consider in payback. For example, if the community ends up paying $650,000, top price for it, they would have to recover their money. Consequently, the rate would be higher than 9 they would have to pay $1 for it. My question was not so much about the rate, that goes along with everything else, but it was the dollar figure of what it was going to cost the community of Norman Wells to buy the assets, the pipes, valves, meters and the franchise. I wondered it there was a book value on it before a price was established, per cubic metre or whatever they charge, because I think these things go hand in hand. How much would the municipality have to pay for these assets?
Tony Whitford on Bill 16: Norman Wells Natural Gas Distribution System Act
In the Legislative Assembly on February 22nd, 1993. See this statement in context.
Bill 16: Norman Wells Natural Gas Distribution System Act
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
February 21st, 1993
Page 543
See context to find out what was said next.