Thank you, Mr. Chairman. Mr. Chairman, we are proceeding. The Deze board is going to be the key agency that we are looking at to do the consultation. They were in Lutselk'e on March 15th to meet with different groups and agencies. Again, they met with some people and other people had other commitments. I think also there is a legal issue that we are trying to deal with around Lutselk'e, because they have signed agreements with a southern firm by way of regional power. It is a legal, binding contract. Until that contract expires, we can't be seen to be competing with the same interest. I think that's an issue that we ensure that we inform them about.
Again, we are working with Lutselk'e on other issues such as the mini hydro stuff. I think that also is going on at the same time. So we are working along with them on the two fronts. I think it's important that we do a better job by way of consultation. Now this thing is out in public. It is in front of a regulatory agency and again it's crucial that we allow public consultation to take hold and ensure that we do have an energy grid and energy system that will bring cheap, reliable power to the Northwest Territories and its residents. I think one way we can do it is by selling power to large companies where they increase our customer base, but, more importantly, bring in more revenues by way of profits to the corporation so that we can continue to pay on the subsidy.
I want to make it clear to the Member that we have no plans or intentions of not paying into the subsidy program. I think it's clear that this government owns the shares of the corporation and they request that we continue to pay into that program and we will continue to pay into that program. Again, it's of crucial importance that we do look at long-term planning for the hydro power as mines come off the grid system and what are we going to do with that surplus power in the future. I think the pilot projects the Member touched on in regards to electric power initiatives we're looking at in Fort Smith, I think two of those pilot projects we will be able to expand going forward and looking at the surplus that it is going to be there in the future by way of the diamonds, the life of the diamond mines will basically come off sooner than others.
In regards to BHP we know for a fact that they have somewhere in the range of about 10 or 15 years max of the time life, and the same will apply to Diavik and then also to the Snap Lake. I think that we have to plan for what's going to happen in the future for that surplus power. Where does it go? What is it going to be used for? I think that's something that we should also be considering in our discussions. Again, that's something we're building into our hydro strategy and I think that again will be, once it's completed, tabled in this Legislature. With that, I'd like to thank the Member for his questions.