Mr. Speaker, if the Member is referring to this year, the money is coming from the NWT Energy Corporation; that is a subsidiary of the Power Corporation. Mr. Speaker, there was for a while a loan guarantee of up to $300,000 to the Energy Corporation. That has since been cancelled, and the Power Corporation advised to take that into account as they do their revenue and expenditure statements for the year and pay us less on the dividend side, reduce the dividends to the government. So, Mr. Speaker, for this year from now on, many expenditures will likely be done this way. They will be accrued by the Energy Corporation, and the Energy Corporation will pay less in dividends to the government. Thank you, Mr. Speaker. I hope that answers the question.
Joe Handley on Question 246-15(3): Funding For The Bear And Taltson Hydro Projects
In the Legislative Assembly on October 19th, 2004. See this statement in context.
Further Return To Question 246-15(3): Funding For The Bear And Taltson Hydro Projects
Question 246-15(3): Funding For The Bear And Taltson Hydro Projects
Item 6: Oral Questions
October 18th, 2004
Page 831
See context to find out what was said next.