Thank you, Mr. Chairman. The accounting is fairly straightforward. On the money we are getting from the extra sale, that will go to fund the increase in the Housing Corporation, which is related to the increased cost for public housing, as a result of the cost increase for power.

The same thing applies to Municipal and Community Affairs for the money we are going to be providing for the community of Sanikiluaq for the extra cost of running hamlet buildings. Those costs will be offset by the funding we get in the rate increase from the 12 cents per kilowatt that was previously charged to the new rate of 30 cents per kilowatt.

The Financial Management Board Secretariat needs $53,000 because with the rate increase in Sanikiluaq, the residents are now eligible for the power support program, which subsidizes them back for domestic and small commercial users from the level of 30 cents per kilowatt down to the Yellowknife rates for the component of their consumption that falls within the power support program subsidy. That is 700 kilowatts per month for domestic users and 1,000 kilowatts per month for small commercial users. That $53,000 increase in the cost to the power support program to the Financial Management Board Secretariat will be offset by an increased dividend from the Power Corporation, which is how that program is financed.

Overall, there is a cost increase to the government in three areas in this supp: $168,000 in the Housing Corporation, as I have explained, for public housing; $55,000 for Municipal and Community Affairs for the increased cost to hamlet buildings; and, $53,000 in the secretariat for the power support program, totalling $276,000.

There will be an offsetting savings in the budget of Public Works and Services totalling about $300,000 and one PY on an annual basis if and when the sale eventually proceeds as the Department of Public Works and Services currently picks up the operating costs of that plant for staff and other operational requirements. That will be realized and reflected in future budgets once the sale proceeds.

Overall, there will be and we anticipate a net savings to government when this transaction is completed.