Thank you, Mr. Speaker. A point of clarification, for a commercial customer using 2,000 kilowatts in a five-kilowatt demand in Iqaluit and Yellowknife, in Yellowknife the total bill would be $476.53 and in Iqaluit it would be $953.73. Yellowknife to Iqaluit is lower by $477.20. At the residential level, there is a significant subsidy provided to residential power users in Iqaluit versus Yellowknife. Our rates are higher than Whitehorse, but clearly when you look at Whitehorse, they have the majority of their population living very, very close to the city. They have road access to all their communities except one. They have a hydro plant right in the middle of the city, so they have different challenges than we do with 33 communities in 1.3 million square kilometres that we have to manage and provide services to.

So we’ve done a number of things to cushion the rates. We’ve put in almost $34 million to cushion the rate increases, because there had been no rate increases for five years. We’ve spent or we revised our rate structure to, in fact, provide greater relief to small communities where rates were as high as $2 a kilowatt hour. We’ve standardized the rates in the thermal zone and hydro zone.

So we’ve done a number of things and we’re working hard on additional things like liquid natural gas in Inuvik, the use of solar, we are going to work on combined heat and power as we proceed with biomass. So we have some very aggressive plans to bring down the cost of energy in the Northwest Territories.