Thank you, Mr. Speaker. I’d like to ask some questions to the Minister of the NWT Power Corporation. Oddly enough, it’s not actually on rates, so those concerned can feel comfortable it’s not about that or, yeah, those who can feel a little at ease.
Late last year we were given the terribly shocking news that the government may have to look at bailing out the potential rate rider that would have carried about $20 million on the Power Corporation, and that would have been about $10 million each year. Since that time of the experience that led us to the particular problem, oil prices have significantly dropped.
My question for the Power Corporation Minister is: It was banked on that it was approximately $10 million each year to cover the shortfall through the generation of power, so I’d like to know what type of analysis is being done, because I guess we gave approval for $20 million, $10 million each year, to be spent to make up that shortfall in power. I guess we don’t need all that particular money, so what type of watch is happening, how much money are we actually saving from that initial $10 million each year that we gave them to spend? Because if you’re not spending it, I’d like to know what’s happening to it.