Thank you, Madam Chair. The settlement that was negotiated was negotiated with the parent company. Again, the government of the day decided that was the best option to go forward with. They signed the agreement; it is now in year three of that agreement, and we have a couple more years before we can revisit it and reopen it to see if we want to try to collect the amount. It goes back to the parent company if we feel that we can gain all of the resources that we think are required, or if it's best to get the principal back and go forward on that basis. Thank you.
Floyd Roland on Committee Motion 2-14(5): Options For Measures To Stabilize Power Subsidy Costs, Carried
In the Legislative Assembly on March 22nd, 2004. See this statement in context.
Committee Motion 2-14(5): Options For Measures To Stabilize Power Subsidy Costs, Carried
Item 20: Consideration In Committee Of The Whole Of Bills And Other Matters
March 21st, 2004
Page 136
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