Thank you, Mr. Speaker. Mr. Speaker, the area of concern I have also has to do with the Northwest Territories Power Corporation, mainly in light of the fuel stabilization fund and the subsidies that are provided throughout the Northwest Territories and impact all ratepayers.
Mr. Speaker, it has come to my attention that it seems like a double standard when I speak to residents of Inuvik. We are doing a review to look at the whole area of power generation and distribution. That review also speaks of subsidies. I refer to the scope of summary, item 6 - Should current subsidy programs be maintained, expanded, eliminated or retained? If expanded, how should they be financed?
Mr. Speaker, this impacts everybody in the Northwest Territories. With all of the changes that have been made recently, constituents are getting concerned, especially in respect to the fuel stabilization fund. Residents of Inuvik who are now on natural gas have recently been hit with this Fuel Stabilization Fund. On the bottom of your bill, it looks rather simple. It says .034 cents per kilowatts/hour and that can be interpreted a couple of ways. In fact, Mr. Speaker, almost 11 percent of our power bill is going to this fuel stabilization fund out of Inuvik.
Mr. Speaker, that is extremely high. I have had constituents come to me and ask me, "Why is that happening when we are on natural gas? We are no longer on diesel fuel and Inuvik has always paid its fair share for the longest time." So, Mr. Speaker, with that I will be questioning the appropriate Minister in this area to see what they are doing in trying to make sure that all residents of the Northwest Territories are treated fairly and equitably. Thank you.