Thank you, Mr. Chair. As Minister Miltenberger stated earlier, we needed to provide confirmation to the PUB that the Government of the Northwest Territories was going to make NTPC hold on the $20 million. The way that the process works is when NTPC files a notice of their requirement to increase their revenue recovery, that would have automatically triggered in based upon when NTPC filed with the PUB, which would have come in on October 1st . So we needed to provide

comfort or confirmation to the Public Utilities Board that the government wanted to make NTPC hold for the $20 million.

While we will only have to provide $15 million, or anticipated that we will have to provide $15 million to NTPC this fiscal year, we needed appropriations to even provide that confirmation to the Public Utilities Board. The way the processes work, we do a contribution to the Power Corporation for the amount of $20 million so that they would have that money in their funds and then there would be a reconciliation done on a monthly basis about how much the costs actually are.

As folks may know, the cost of fuel has dropped since that decision was made. So, hopefully the cost won’t be that much, but that is the process that will be used to reconcile the account for the extra cost. Thank you, Mr. Chair.