Thank you, Mr. Speaker. As a result of two consecutive low-water years, the Power Corporation sought expressions of interest in November of 2015 with a closing date of February 5, 2016. They received 29 expressions. At that point, the Power Corporation and the government and Arctic Energy Alliance evaluated the proposals and decided not to proceed to the next step which would have been a request for a competitive procurement. So they were simply seeking expressions of interest. It was not cancelled by the government. Twenty-nine were submitted. They were found not to be economic so it didn't proceed beyond that stage. Thank you, Mr. Speaker.