Mr. Speaker, the Government of Canada is fully committed to support the Lower Churchill River hydroelectric projects as set out in the August 2011 memorandum of agreement, MOA.
The Lower Churchill River hydroelectric projects consist of the Muskrat Falls generating station, the Labrador transmission assets, the Labrador-island link and the maritime link.
With regard to (a), the Government of Canada has received access to data rooms for the Muskrat Falls generating station, the Labrador transmission assets, the Labrador-island link and the maritime link. The Government of Canada has also received the analyses and representations by credit rating agencies for the Muskrat Falls generating station, the Labrador transmission assets and the Labrador-island link projects. Detailed analyses and representations for the maritime link are expected.
With regard to (b), the term sheet has not yet been completed.
The Government of Canada continues to work with its financial adviser, the Province of Newfoundland and Labrador, the Province of Nova Scotia, Nalcor Energy and Emera to meet the federal commitment as set out in the MOA.