Mr. Chairman, the initial capital cost of putting in a hydro dam is more costly than providing a capital diesel plant. However, the cost assumptions on generation from hydro has always been known over a longer period of time to be more cost-efficient because once the facility is put in it doesn't lose its value. It's a very long-term capital investment. I believe that in all these new initiatives, or any initiative, the cost-benefit is worked out at the beginning. Also, because this is a fully regulated Power Corporation, it would have to go through the Public Utilities Board, as well, for them to assess the figures that the corporation has put forward in making these contractual deals in the long term to utilize hydro generation. So it does look like it's a big expense, but all the calculations are done before you would move ahead on any specific project. Thank you.
Nellie Cournoyea on Committee Motion 39-12(5): To Adopt Recommendation 25, Carried
In the Legislative Assembly on March 24th, 1994. See this statement in context.
Committee Motion 39-12(5): To Adopt Recommendation 25, Carried
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
March 23rd, 1994
Page 838
Nellie Cournoyea Nunakput
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