I wasn’t expecting to dissolve the Power Corporation. The Power Corporation is a critical vehicle for the territorial government and its energy policy. However, the relationship has evolved over the years. There was a time, many Legislative Assemblies ago, when there was a dividend required from the Power Corporation, but as things have changed, cost of energy has gone up, the decision was made to not require the dividend, to reinvest whatever money they have back into keeping the costs as low as possible.

We have had to engage with the Power Corporation clearly in a way that it doesn’t make it as stand-alone as it would be in some other jurisdictions and we have other configurations that we live with. For example, we have a Housing Corporation that has no board that is part of the territorial government and is our vehicle for delivering public housing, market housing in the Northwest Territories.

So, post-devolution, as we evolve, we have to look at that relationship with the Power Corporation, and as we look at the borrowing limit and we look at generation initiatives and who is going to drive those and the direction that the government is going to provide to the Power Corporation to do the things that the Legislature and the government needs done, that means a close working relationship and, once again, point to the fact that the Auditor General himself has pointed out that we need to change how we account for our relationship with the Power Corporation because of that close working relationship. Thank you.