Thank you, Mr. Speaker. My questions are for the Minister responsible for the Power Corporation. Obviously, the world price of oil is down — actually 40 per cent in the last six months — and the GRA that’s underway, the General Rate Application, is premised on the fact that oil prices were inflated and the cost of doing business for the Power Corporation was such that they had to go out and get some more money from the consumers. That rate increase was pegged at 19 per cent. Given the fact that oil prices have recently dropped — today they are at about $74 a barrel — what will this do to the GRA, and will the Power Corporation please cease and desist on the GRA?
David Ramsay on Question 510-16(2) Impact Of Lower Fuel Prices On General Rate Application
In the Legislative Assembly on October 21st, 2008. See this statement in context.
Question 510-16(2) Impact Of Lower Fuel Prices On General Rate Application
Oral Questions
October 20th, 2008
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