Yes, Mr. Speaker. As this House will know, an application has gone in for an increase in power rates of 4.8, four, and four per cent over the next three years. The savings of a million dollars allowed us to keep the application that low. Had that million dollars not been saved, the application would have required a higher rate of return to cover the costs of the Board. I haven't calculated the exact amount, but it would have been considerably higher than the rates requested. Thank you.
Louis Sebert on Question 196-18(2): Plan To Address The High Cost Of Power Rates
In the Legislative Assembly on June 9th, 2016. See this statement in context.
Question 196-18(2): Plan To Address The High Cost Of Power Rates
Oral Questions
June 8th, 2016
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