Thank you, Mr. Chairman. As I stated in my opening comments, the initial surplus of the fund that we identified was $472,000. To help offset the increased price of product in communities, we've dipped into that fund and that's the $230,000 we earmarked as a loss. We are offsetting the cost of home heating oil by 10 cents per litre in the communities we service. So in a way, we are trying to help those in the communities we service. We can only do this because we have that small surplus there. Once that surplus is gone, we are at the full cost of product price that will be charged in each community. Thank you.
Floyd Roland on Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on October 14th, 2005. See this statement in context.
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
October 13th, 2005
Page 280
See context to find out what was said next.