Madam Speaker, later today I will be tabling a report that deals with the government's proposal to turn the Northwest Territories Power Corporation into an investor-owned utility.
Madam Speaker, the document provides objective information based on two studies by Mr. Fred Abbott and a team of utilities experts. It is designed to stimulate public discussion and debate on the privatization initiative.
Madam Speaker, making this document public is the next step in a process that began over five years ago when the Northwest Territories assumed ownership of the Power Corporation. At that time the government set out to developing the corporation into a self-supporting business and to examine the idea of privatization.
Madam Speaker, the Power Corporation is now operating in a business-like fashion. And a feasibility study on privatization and a subsequent report on how an investor-owned utility could be formed has been completed.
It is time to give wide circulation to information relating to this initiative in order to receive input from the public and the various organizations that represent them. This input will be helpful to the government and the Legislative Assembly when it deals with the initiative in the fall. Thank you.