Orders in Council Database

Under the authority of section 14(3) of the Hydro Corporation Act, 2007 and section 14.1(1) of the Energy Corporation Act, the Lieutenant Governor in Council is pleased to authorize Newfoundland and Labrador Hydro’s transfer to Nalcor Energy, and Nalcor Energy’s acquisition of, all of Newfoundland and Labrador Hydro’s shares of Churchill Falls (Labrador) Corporation Limited and Gull Island Power Corporation Limited, effective on a date to be agreed upon by Newfoundland and Labrador Hydro and Nalcor Energy, with the value of the shares of each corporation to be based upon  their net book value at the time of transfer.  The boards of Newfoundland and Labrador Hydro and Nalcor Energy are requested to inform the Clerk of the Executive Council on the closing of the transactions.