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Finance committee That's right.
May 4th, 2010Committee meeting
Cécile Cléroux
Finance committee What we receive from investors, the offers that will be considered, will be among the factors studied. They will be presented to Cabinet. Cabinet will make a decision on the operation that will have to be undertaken to proceed with the sale of the commercial part. At present, in the legislation, all the options are covered, and this gives the government the flexibility required.
May 4th, 2010Committee meeting
Cécile Cléroux
Finance committee The tender process was initiated by our colleagues at Public Works and Government Services Canada. Under that process, a firm was selected. It is N M Rothschild & Sons Limited.
May 4th, 2010Committee meeting
Cécile Cléroux
Finance committee Studies were done before the operation initiated in December 2009. That led to the decision announced in May 2009. When that decision was announced, a summary was also done of the analyses that had been done before. It can be accessed on the Natural Resources Canada Internet site.
May 4th, 2010Committee meeting
Cécile Cléroux
Finance committee That's right, because that is part of what potential investors are being asked to evaluate.
May 4th, 2010Committee meeting
Cécile Cléroux
Finance committee The process was initiated in December 2009. A number of investors were solicited. The operation is underway. We are committed to ensuring that the process will happen quickly.
May 4th, 2010Committee meeting
Cécile Cléroux
Finance committee The process includes information relating to the government's initial expectations, how to get offers, as in the course of any other privatization operation.
May 4th, 2010Committee meeting
Cécile Cléroux
Finance committee They were signed by the investors a long time ago. That goes back to when the operations were initiated, in December 2009.
May 4th, 2010Committee meeting
Cécile Cléroux
Finance committee Starting in December 2009 we said that the part in question was the nuclear reactor division of Atomic Energy of Canada Limited. That is the part that is the subject of transactions with private investors.
May 4th, 2010Committee meeting
Cécile Cléroux
Finance committee That is part of what is currently being examined by potential purchasers. It is premature to determine what offers will be submitted to the government and what decision will be made when the time comes.
May 4th, 2010Committee meeting
Cécile Cléroux
Finance committee The maintenance contracts and the contracts for extending the useful life of the reactors are part of the potential package that can be considered by investors.
May 4th, 2010Committee meeting
Cécile Cléroux
Finance committee That will depend on the offers to be considered and the decisions to be made by Cabinet when the time comes.
May 4th, 2010Committee meeting
Cécile Cléroux
Finance committee It will depend on the offers submitted.
May 4th, 2010Committee meeting
Cécile Cléroux
Finance committee The main assets of AECL are definitely the resources--the human resources, which are part of the...the part that is being considered to be sold, as well as the intellectual property, which has been developed over the last 50 years. So this is part of the elements that will be taken into account when cabinet will be examining the proposals that will be forthcoming.
May 4th, 2010Committee meeting
Cécile Cléroux
Finance committee The bill provides for flexibilities to be able to consider the proposal, which will be binding, coming from investors in the coming months. These proposals, which will be examined by cabinet, include taking into account all of the interests of Canada: the question of energy security, the question of safety, the question of all of the provisions of investment, making sure that we have the best deal for Canadians.
May 4th, 2010Committee meeting
Cécile Cléroux