It was our government’s intention to look at finishing the costing of these transmission lines, and also, at the same time, we had approached the federal government to increase our borrowing limit by $1 billion.
Our costing has determined that the cost of building a transmission line to join the Taltson and Snare Hydro systems are prohibitive and it’s in the neighbourhood of almost 100 percent more than we had originally forecasted. In our view, those costs are too prohibitive to allow us to go ahead.
I think we feel with a second Energy Charrette we have to take a different approach whereby we make the consumers start to utilize more alternative and renewable forms of energy. Thank you, Mr. Speaker.