Sergeant-at-Arms, could you please escort the witnesses in? Mr. Minister, could you introduce your witnesses for the record please?
Debates of Nov. 2nd, 2000
This is page numbers 673 - 696 of the Hansard for the 14th Assembly, 3rd Session. The original version can be accessed on the Legislative Assembly's website or by contacting the Legislative Assembly Library. The word of the day was chairman.
Topics
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
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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
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Jake Ootes Yellowknife Centre
Thank you, Mr. Chairman. Mr. Chairman, with me are Mr. Leon Cournoyea, the president of the Power Corporation, as well as the chief executive officer; and Denise Gagnon, legislative counsel.
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
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The Chair David Krutko
Thank you, Mr. Minister. Welcome, witnesses. General comments on the bill? General comments? Clause-by-clause?
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
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Some Hon. Members
Agreed.
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
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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
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Bill Braden Great Slave
Thank you, Mr. Chairman. One of the things I would like to try to determine on this kind of approach is the impact on customers and the rates we pay for electrical power service. While I am certainly in agreement with the approach that is taken here -- the corporation could be getting more mileage out of an available cash asset -- I wanted to see if I could get a bit more information on what this might translate into for a customer.
A question I would like to ask -- at least to start with -- is what is the revenue requirement of the Power Corporation for its customers in the Northwest Territories? Thank you, Mr. Chairman.
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
Page 691
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
Page 691
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
Page 691
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
Page 691
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
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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
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Bill Braden Great Slave
Thank you, Mr. Chairman. Given the current market conditions and the amount of money that would be available for investment, how much more would the corporation realize from being given this additional latitude to invest? What would the additional increment of funds be for this kind of investment? Thank you, Mr. Chairman.
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
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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
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Jake Ootes Yellowknife Centre
Thank you, Mr. Chairman. Mr. Chairman, it could fluctuate between a five or ten percent return, approximately $500,000 to one million dollars.
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
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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
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Bill Braden Great Slave
Thank you, Mr. Chairman. So to put it one way, this additional ability could translate into somewhere between a one and two percent change in the revenue requirement of the corporation. Is that correct, Mr. Chairman?
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
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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
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Jake Ootes Yellowknife Centre
Thank you, Mr. Chairman. Yes, it is. What the honourable Member has mentioned is correct. This amount could of course increase over time as the amount of money is invested.
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
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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
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Bill Braden Great Slave
Thank you, Mr. Chairman. One more question. Could this additional amount of earned revenue be directly applied to any upcoming revenue requirement increase that the corporation has in mind? Thank you, Mr. Chairman.
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
Page 691
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
Page 691
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
Page 691
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
Page 691
Some Hon. Members
Agreed.
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
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The Chair David Krutko
It is item 9 in your grey binders. Bill 9, an Act to Amend the Northwest Territories Power Corporation Act. Clause 1?