Mr. Chairman, the Standing Committee on Finance had asked that we provide two pieces of information today to committee of the whole. If I might do that right now, Mr. Chairman, I would appreciate it.
The first one is the Standing Committee on Finance wanted to know who the executives were of the Energy Corporation. The president is Mr. Jim Guthrie, the vice president of finance is Leon Courneya, the secretary is Matt Noble and the chairman is Jim Robertson. Those people are familiar to us because they are also with the Power Corporation. Because of that, the second question was are we going to be activating this Energy Corporation, are we going to cause ourselves a whole lot of overhead? I think the answer to that is no, Mr. Chairman, because these people are sort of in mirror jobs in the Power Corporation.
Thirdly, there was a question with regard to interest rates. The corporation has a commitment at the present time to borrow at an interest rate about 130 basis points over benchmark Canada long-term loans, June 1, 2023. While I can't say what the interest rate specifically would be, I can tell you what the margin would be as over the benchmark Canada long-term loans. They have an agreement to pay 130 basis points. Thank you, Mr. Chairman.