Orders in Council Database

Under the authority of section 28 of the Hydro Corporation Act, 2007, the Lieutenant-Governor in Council is pleased to authorize the Government of Newfoundland and Labrador to provide Newfoundland and Labrador Hydro with long-term funding up to $700 million, which includes $225 million to repay an outstanding promissory note to the Province of Newfoundland and Labrador, through Nalcor, due March 31, 2018, on such terms and conditions as to form, rates of interest, and terms to maturity as the Minister of Finance, as the agent of Government, may determine, on a cost recovery basis.