Madam Speaker, often times, when one goes before the other, the types of mistakes that are made or the decisions that are made are not to the benefit of any given decision, and these learning experiences are good for everybody. It is difficult for me to answer because I have read a lot of articles that have been put out by others than the Power Corporation itself. My plan is to present, to this House, a comprehensive paper on many of those elements such as the questions that were raised earlier by the honourable Member for Kitikmeot.

First of all, there is a misunderstanding that the Yukon Power Corporation has been privatized. It has not been privatized. What has been done is to move the power corporation under the Yukon Energy Corporation which is all owned by the Yukon government. Yukon Energy then, which is owned by the Yukon government, owns the assets of the corporation, but their present arrangement is that they are contracted out to the Yukon Electrical Company, which is a company that is owned by Alberta Power. So the Yukon Energy Corporation, their power corporation, has contracted out the management of the electrical company or the power corporation to Alberta Power. So this is a present arrangement.

At the time of the transfer, the employees retained their salaries and their seniority, and the employees' pensions were transferred to a new private pension plan. The new pension plan was approved by the federal Treasury Board, and no funds were permitted to be transferred until the Treasury Board was satisfied that the new pension plan was, at least, equivalent to the public service superannuation plan. This has covered all the employees prior to transfer.

Like I said, the Yukon Energy Corporation really is a subsidiary company of the Yukon Development Corporation. I guess one of the things done when they put the power corporation under the Yukon Energy Corporation was that about $15 million to $20 million that the power corporation had made went into other economic development initiatives, such as, I think, the Watson Lake sawmill. So they were able to move the profits from the power corporation into other economic development opportunities. But the dollars that were used, plus the profits in excess of the loan payments made to pay off the YTG debt for the purchase of the assets, are annual dividends required to pay the power subsidy program. So they are doing a number of things, and they can move that around because it is under an energy corporation, unlike the Power Corporation, not being housed under any other development corporation.

So I guess one of the things that we would have to learn from that is whether we would want to move in that direction or not, or deal with exactly what is going to be done with the sale of the corporation, if it should happen, at that time. But I think there are a lot of questions that get raised out of this type of arrangement about whether it is good for us or not. I would hope that all the questions that have been raised in the general public and in the experiences of the Yukon would take into account where we take our next step. Thank you.