Orders in Council Database

Under the authority of subsections 3(3) and 4(1) of the Energy Corporation Act, and

subsection 245(2) of the Corporations Act, the Lieutenant-Governor in Council is

pleased to direct the Board of Directors of Nalcor Energy that:

a) any additional funding required for Newfoundland and Labrador Hydro to

mitigate Lower Churchill Project costs for customers subject to Island

Interconnected rates be through Nalcor Energy's own sources; and

b) any additional funding required for Newfoundland and Labrador Hydro to retire

the 2023 Supply Cost Variance Deferral Account balance of $271 million be

through Nalcor Energy's own sources.