Orders in Council Database

Under the authority of section 4 of the Hydro Corporation Act, 2007, section 4 of the Energy Corporation Act, and section 245 of the Corporations Act, the Lieutenant Governor in Council is pleased to direct Newfoundland and Labrador Hydro and Nalcor Energy (Nalcor) to enter into an agreement requiring Newfoundland and Labrador Hydro to pay Nalcor 4 cents per kilowatt-hour for up to 679 million kilowatt-hours of electrical energy, with effect from January 1, 2011, from the generation assets formerly owned by AbitibiBowater and others and currently operated by Nalcor to Newfoundland and Labrador Hydro, the net proceeds to be held by Nalcor as an amount payable to Government.