OC2023-202
2023-08-28
Industry, Energy and Technology
Energy Corporation Act and Corporations Act
Under the authority of sections 4(1) and 12.1 of the Energy Corporation Act and
subsections 245(1), (2) and (8) of the Corporations Act, and further to OC2021-127,
the Lieutenant-Governor in Council hereby directs the Board of Directors of Nalcor
Energy to:
a) provide a one-time general economic increase of two per cent to its non-unionized
employees effective January 1,2023; and
b) enter into a contract with a qualified third party, in consultation with the
Department of Industry, Energy and Technology, to undertake an independent
review of what would be the appropriate comparator for the total compensation
package (including salary, benefits and pension) for non-bargaining unit positions
of Nalcor Energy as a Crown-owned utility and provide a written report of the
third party’s findings to the Minister of Industry, Energy and Technology within
six months.