Thank you, Mr. Speaker. Our government has invested a lot of time and effort into looking at the high cost of power in the Northwest Territories, as well as the distribution and generation of power and also looking at alternative energy.
Starting with alternative energy, we’ve committed to spending $60 million over a period of three years to reduce our reliance on fossil fuels. We are well into that process.
With regard to the electricity review, we appointed a panel of members that were experts in their field and they have undertaken a process of community hearings, meetings and so on, to look at the whole process that we use for setting electrical rates, for monitoring and control, for generating and transmitting of power. They submitted their report and have identified about 76 recommendations for the government to consider.
In addition to that, there was a review of the NWT Power Corporation. As well, there was a proposal with regard to ownership of the Power Corporation. The review of the NWT Power Corporation was submitted and the other proposal is being looked at by a committee of deputies, but it’s waiting until we, as a government, make some decisions on the electrical rate review. Thank you, Mr. Speaker.