OC2018-213
2018-10-25
Natural Resources
Electrical Power Control Act
Under the authority of section 5.1 of the Electrical Power Control Act, 1994, the Lieutenant-Governor in Council hereby directs:
1) The Board of Commissioners of Public Utilities, upon application from Newfoundland and Labrador Hydro-Electric Corporation, to adopt a policy that the following be placed into a deferral account with disposition of the deferral account to be addressed following further application by Newfoundland and Labrador Hydro-Electric Corporation:
a) All costs, expenditures, and payments incurred by Newfoundland and Labrador Hydro-Electric Corporation in connection with the arrangement between Newfoundland and Labrador Hydro-Electric Corporation and Labrador-Island Link Limited Partnership for the term of the Interim Transmission Funding Agreement for use of the Labrador-Island Link; and
b) All costs, expenditures, and payments incurred by Newfoundland and Labrador Hydro-Electric Corporation in connection with the arrangement between Newfoundland and Labrador Hydro-Electric Corporation and Labrador Transmission Corporation for the term of the Interim Transmission Funding Agreement for use of the Labrador Transmission Assets; and
2) In this Order in Council, terms shall have the same meaning ascribed to them in the Muskrat Falls Project Exemption Order.