Mr. Speaker, the specific question Mr. Ballantyne is asking is with regard to planning for a calculation of unanticipated costs relating to the charges necessary when the environment doesn't allow for enough water to run a hydro system. Mr. Speaker, a stabilization fund was not set up because the rate of return did not allow enough to be able to absorb the expenses incurred in trying to reach our commitment of providing infrastructure to communities, including the upgrading of the Snare Yellowknife system and the dividends paid to the territorial government for a subsidy of power. Thank you, Mr. Speaker.
Nellie Cournoyea on Question 28-12(7): Nwtpc Rate Stabilization Fund
In the Legislative Assembly on November 16th, 1994. See this statement in context.
Question 28-12(7): Nwtpc Rate Stabilization Fund
Item 6: Oral Questions
November 15th, 1994
Page 61
Nellie Cournoyea Nunakput
See context to find out what was said next.