Yes, I wish it was $6,800. $6,800,000 on the domestic subsidy. It is clear that the domestic subsidy program provides us this discount to all NWT residents - users outside of Yellowknife, whose power rates are higher than the Yellowknife area, get the first 700 kilowatt hours per month, okay? That is on the domestic side. In other words, they get that subsidy. Anything above that, they pay the full rate. The commercial subsidy provides a discount to northern businesses located outside of Yellowknife whose power rates are hard in Yellowknife and whose gross revenue is less than $2,000,000 per year. The subsidies for small businesses is the difference between the community costs and the Yellowknife cost for kilowatt hours and can soar up to 1,000 kilowatts a month. So, on the domestic side, you get a subsidy, the difference between 700 kilowatt costs in Yellowknife versus what it costs you in Rankin Inlet. On the commercial side, you get the same principle subsidy at 1,000 kilowatts and if it is for companies that have got smaller than $2,000,000 in revenues. Thank you.
John Todd on Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on February 6th, 1997. See this statement in context.
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
February 6th, 1997
Page 457
John Todd Keewatin Central
See context to find out what was said next.