Thank you, Mr. Speaker. In accordance with the electricity rate policy guidelines approved by the GNWT, since 2010 the electricity rates in the Northwest Territories are set on a zoned basis. So each zone, including the Taltson, is to pay rates that reflect costs in the zone.

The utilities use a zone of reasonableness to help manage rate transitions. Today, due to these transitions, the Taltson is currently paying less than its costs, but over time the rates will transition to full cost level. The Taltson rates will be lower than other communities so long as the Taltson costs remains lower than the other communities. Thank you, Mr. Speaker.