Natural Resources committee  Yes, and I apologize that I won't be able to make it. That's why I came here today. He's not here today to say thank you very much, but he'll look after you. And if he doesn't, just let me know.

Natural Resources committee  I'm not sure of the events that will occur over time, but that being said, the short answer is yes, we have a long-term plan for maintenance of all of our assets. The way that works is that we take all of the considerations that you mentioned, the possibilities of that, plus othe

Natural Resources committee  Because we're getting aggressive in many markets right now, including the United States, those very questions are being answered for us. Before we got aggressive in the market, I wanted to see both routes and make sure we could get through to a certain point and that there was a

Natural Resources committee  I think what you're seeing in Newfoundland and Labrador Hydro is an awakening in terms of how we're approaching our business. There is no question about that. I think the province itself is probably approaching things differently at this point. We have looked at hydro over the

Natural Resources committee  On the first question with respect to the Innu Nation discussions, some of this, Mr. Russell, you obviously know, so I'm only saying it for the benefit of some of the others. From the Innu perspective, as I said earlier, they have a recognized land claim. That's under negotiati

Natural Resources committee  I'm hesitating only because I always try to make the difference between the political situation in relationships and the business situation. I think you're touching somewhere in the middle right now and I don't want--

Natural Resources committee  There are three possibilities. There has been discussion already of a loan guarantee, and that's a form of investment. We've talked about the fact that the federal government highly values GHG emission reduction. There's no question about that, so there's a high value there for t

Natural Resources committee  For many years Newfoundland and Labrador Hydro has been a regulated utility. In addition to everything else, we've been asked by our shareholders to expand it into an energy company that will include things such as the lower Churchill, and investments in wind, oil and gas, etc.

Natural Resources committee  The way we're structured is that every company listed there is a subsidiary of Newfoundland and Labrador Hydro. Two of the companies are partially owned by Newfoundland and Labrador Hydro. When Iron Ore Company of Canada first started, there was no upper Churchill, and they were

Natural Resources committee  Right now there's no private capital.

Natural Resources committee  Well, as far as the lower Churchill goes, not necessarily. Right now our base case is 100% ownership of the lower Churchill development by the Province of Newfoundland and Labrador through Newfoundland and Labrador Hydro. That's the base case. That being said, as I mentioned, we

Natural Resources committee  On the first point, with respect to the vegetation in the trees that may be flooded, with respect to the developments, I have just a couple of quick points. Regarding the size of the reservoir, you can look in comparison to, say, the upper Churchill, which I think was in around

Natural Resources committee  First, I'd like to make this point, and I think Mr. Russell will understand why. It's been crystal clear as well that Newfoundland and Labrador's needs are to be met first. We just think we have excess power. Labrador is going to be first on the list, and the island is going to b

Natural Resources committee  From hydro's perspective, we've done a similar process. Strategically, we look at in two pieces. Because the island portion of the province is not connected to the Labrador portion, we have to look at two different problems here. I like to refer to the island as the only other

Natural Resources committee  When we first step back and talk directly about Quebec, from Newfoundland and Labrador Hydro's perspective, we partner with Hydro-Québec every day, and we do it very effectively, and we have for 40 years. We have a tremendous working relationship. I have to say that. You look at