Madam Speaker, this is a return to an oral question asked by Mr. Ballantyne on October 24th regarding extra revenues generated by high water levels. Madam Speaker, during the period of high water levels, the corporation slowly increased its rates to recover the full cost of providing power to their customers. In minimizing rate increases during this period, the corporation's earnings fell short of their approved target by $20 to $25 million. The high water levels during the last five years contributed to the corporation's ability to minimize rate increases to all of its customers.
Madam Speaker, the corporation informed me that there was a rationale for recovering the $4.8 million from all customers in the Northwest Territories. The rationale for the corporations' decision to apply to only recover these costs from customers of the Snare system is included in evidence currently before the Public Utilities Board.