Mr. Speaker, the territory is in a situation right now where every resident is, I would say, feeling the pinch of increased prices and some much more than others, particularly in smaller communities and in more remote communities, communities that were already paying -- well, the entire Northwest Territories is paying the highest electricity rates anywhere in Canada, which is a message that I have carried to anyone south of the border that will listen. And small communities are paying the highest rates anywhere of those. The Sahtu is paying, as I understand it, the highest rates of anywhere in the Northwest Territories. So that, again, as I've said, the message that I'm certainly trying to get to anyone who is listening down south, including our colleagues in Ottawa.
As far as subsidies go, Mr. Speaker, we are paying significant amounts directly, as I described earlier, on the major kinds of capital projects that were overdue to get done. The Taltson facility was built in the '60s. It needed an overhaul. The Inuvik wind project was an effort to fundamentally change the delivery of electricity in Inuvik. It's doing so. It has faced some unusual cost increases and so we've stepped in as a government to not let the ratepayers be responsible for that. We're stepping in on the Taltson overhaul to not let the ratepayers be responsible for that. Again, owing to some unusual -- and I'd say really tieing back to the wildfires, some of the unusual things that occurred there.
There's a territorial porous port program, Mr. Speaker. It brings everyone down to Yellowknife's rate. Yellowknife's already paying the highest rates anywhere in Canada, Mr. Speaker, but it brings us at least down to the Yellowknife rates.
Mr. Speaker, the federal government has done things, and I'm surprised no one's asked me about it, the federal government has done things of late to try to lower prices in other jurisdictions that don't have a borrowing limit. I'm under a borrowing limit, Mr. Speaker. I can't take the low interest loan from the federal government and put it to the Northwest Territories Power Corporation because we're under a borrowing limit. It is a challenging situation, Mr. Speaker. But we know that the residents can't face a 25 percent hike. People can't handle that. So the government will continue to find solutions through different supports mechanisms, whether it's a direct contribution, whether it's a subsidy, and we're going to do those calculations and need to give the public utility board the time and the space to do their process. We're going to be watching closely, and we're well aware that residents can't handle 25 percent. Thank you.