Orders in Council Database

Under the authority of the Hydro Corporation Act, the Lieutenant Governor in Council is pleased to authorize Newfoundland and Labrador Hydro, in consultation with the Deputy Minister of Finance, to negotiate a capital market borrowing not to exceed $275 million Canadian, on or before December 31, 2006; with any such borrowing to be guaranteed by the Province.  The Clerk of the Executive Council, in consultation with the Honourable the Minister of Finance, is hereby authorized to issue an Order in Council approving the terms and conditions of such borrowing.