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Orders in Council Database

Order Details

Order Number:

OC2013-355

Order Date:

2013-11-29

Department:

Natural Resources

Authority:

Energy Corporation Act

Order Text:

Under the authority of section 18 of the Energy Corporation Act, the Lieutenant Governor in Council is pleased to delegate to the Minister of Finance, the authority to approve:
a) The terms of the binding financing commitment with such institution(s) as the Minister shall approve in order to raise debt financing up to $2,600,000,000 for the Muskrat Falls/Labrador Transmission Funding Trust and up to $2,400,000,000 for the Labrador Island Link Funding Trust; and
b) Any necessary documentation related to the financing commitment with such institution(s).

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