Thank you, Mr. Speaker. Mr. Speaker, the Inuvik rates are currently about 15 percent lower as a result of the gas turbines than they would be without the gas turbines, if they were still on diesel. That works out to about five cents per kilowatt lower. On July 1, 2001, the Public Utilities Board approved a rate increase that covered approximately 35 percent of the increase that was anticipated. Then on October 1, 2002, the PUB approved a shortfall rider - and that is the one the Member is referring to - that covers about 65 percent of the 2001-2002 shortfall. So the shortfall rider was there to distribute out the increase, so people wouldn't have a huge change in their rates when we had to pick up the balance between the 35 percent approved in 2001 and what the actual end result would be. Thank you, Mr. Speaker.
Joe Handley on Question 121-14(6): Increased Cost Of Electrical Power In Inuvik
In the Legislative Assembly on February 28th, 2003. See this statement in context.
Further Return To Question 121-14(6): Increased Cost Of Electrical Power In Inuvik
Question 121-14(6): Increased Cost Of Electrical Power In Inuvik
Item 6: Oral Questions
February 27th, 2003
Page 411
See context to find out what was said next.