I can talk to the Power Corporation. I can’t speak to the NUL, which, as well, is a distributor. I know we work hard to keep the price of energy as low as we can. As we move forward, as I’ve pointed out publicly, we’ve subsidized the Power Corporation over the last three years directly over $50 million to soften the blow and protect rates because of the increasing diesel costs, the fact that we haven’t raised diesel prices for five years to help offset the low water here in the Snare system. We have moved past the point of where it’s strictly a for-profit, you have to live off your revenues, you have to generate a dividend, to recognizing that as we have moved to a two-rate zone, and actually, we have started actually moving to more of a one-rate zone, we, as a government, have put in more and more money and our relationship with the Power Corporation is now very, very close. It’s not really an arm’s-length corporation. It’s much more consistent with the relationship we have similar to the Power Corporation, and as we move forward into the future that kind of relationship is going to continue.
Michael Miltenberger on Question 496-17(5): Campaign To Reduce Household Energy Waste
In the Legislative Assembly on November 3rd, 2014. See this statement in context.
Question 496-17(5): Campaign To Reduce Household Energy Waste
Oral Questions
November 2nd, 2014
See context to find out what was said next.