Orders in Council Database

Under the authority of sections 18 and 26 of the Energy Corporation Act, the Lieutenant-Governor in Council is pleased to:
a) extend the maturity of an existing $225 million loan to Nalcor Energy to refinance an existing $225 million loan to Newfoundland and Labrador Hydro due March 31, 2017, for up to six (6) months; and
b) authorize the Minister of Finance, without further reference to Cabinet, to negotiate the terms and conditions of the refinance loan referenced in paragraph (a), including an ability to extend the loan maturity, as and if required, to March 31, 2018.