Natural Resources committee  I'll make one comment. The reason I brought up this demonstration project is that Boundary Dam 3 evaluated three technologies, and that's pretty rare. A lot of companies pick one technology and run with it. The Basin Electric Power Cooperative, for example, did that and had to mo

Natural Resources committee  Yes, they do.

Natural Resources committee  That's correct. But we have it all. We have hydro, we have wind, we have bio. If it generates power, we probably do it. Realistically, my point was earlier that the Boundary Dam project has to stand on its own. We cannot have a high rate increase go to our customers, so it's ve

Natural Resources committee  For SaskPower, an oil and gas company, a big component of that CO2 pricing is what somebody will pay us for the CO2. We have that being defined. We are making an assumption on what a potential credit may be. Now that may be dangerous, but we will have this plant up and running at

Natural Resources committee  They would be very viable.

Natural Resources committee  That's correct.

Natural Resources committee  Thank you very much for your question. We are taking 90% of the CO2 from Boundary Dam 3. We will be selling it to the oil industry, which will use it for enhanced oil recovery in a reservoir. The reservoir is very similar to those of the Weyburn projects. We have an analog or

Natural Resources committee  Yes, sir.

Natural Resources committee  Correct.

Natural Resources committee  First of all, Saskatchewan is getting no money from the eco-fund. We're not part of the other group.

Natural Resources committee  We have $240 million from a previous fund that was given to Saskatchewan two to three years ago.

Natural Resources committee  That's from the federal government; that's right. We are applying right now for this demonstration facility or supplementary moneys for the Boundary Dam, but mainly we are trying to get money for the demonstration project to go ahead. To answer your question, the way you base

Natural Resources committee  That's right. And if somebody doesn't buy that CO2.... We're making the assumption that even our neighbours in Alberta are...they have $15 in a technology fund. Even if we use that number we can make our economics work. But you have to have a price for carbon, or else it's too ex

Natural Resources committee  Thank you, Mr. Chair. I'd like to tell you a little bit about what Saskatchewan is doing, which has importance to SaskPower on CCS—carbon capture and storage. On the storage side and the enhanced oil recovery side, Saskatchewan has the Weyburn project, which has now stored ove