Newfoundland and Labrador Energy Plan Released

This morning at 11:30 local time the government of Newfoundland and Labrador released its long awaited energy plan. The plan is intended to address the energy direction for the province over the next several decades.

A quick reveiw of the new energy plan reveals that it includes information on new royalty regimes for offshore oil and gas, discussion of the Lower Churchill development (and other electrical resources) and recognizes the return of control over Upper Churchill power 34 years from now.

Currently the energy plan is under review and Web Talk will be discussing it more closely over the next few days. For those interested in reviewing the plan and commenting on it, a copy can be found at the following web site: http://www.nr.gov.nl.ca/energyplan/EnergyReport.pdf