The provincial government has released the Terms of Reference for a Rate Mitigation Team led by Brendan Paddick—who is currently on a leave of absence as Chair of Nalcor.
The Rate Mitigation Team has a mandate to wrap up negotiations with the federal government to allow fiscal flexibility for the province on Muskrat Falls, and support what is being called clean, affordable, and stable energy.
One of the key objectives is rate mitigation for Newfoundlanders and Labradorians who were previously expected to pay down the project through their electricity rates.
View the terms of reference below:
