Orders in Council Database

Under the authority of sections 2(2) and 9(2) of the Principal Agreement attached as Schedule A of the Lower Churchill Development Corporation Act, section 14(3) of the Hydro Corporation Act, 2007 and section 14.1(1) of the Energy Corporation Act, the Lieutenant Governor in Council hereby authorizes the transfer from Newfoundland and Labrador Hydro to the Province of the shares that Newfoundland and Labrador Hydro holds on behalf of the Province in the Lower Churchill Development Corporation; and the Lieutenant Governor in Council subsequently designates Nalcor Energy as the agent of the Government to perform the obligations of the Province under the Principal Agreement and authorizes the Minister of Natural Resources to transfer to Nalcor Energy the shares of the Province in the Lower Churchill Development Corporation.