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Yukon, NWT Power Utilities Sign Cooperation Agreement

Whitehorse, YT and Hay River, NT (April 14, 1999)
Yukon Energy Corporation and NWT Power Corporation have signed an agreement to look at cooperative planning and ways to improve the delivery of energy services north of the 60th parallel.

Energy supply planning, employee training, regulatory and environmental practice and joint purchasing are included on the list. One of the first items being addressed will be the utilities' Year 2000 preparations and sharing common problems and solutions.

Yukon Energy Corporation President and CEO Rob McWilliam, and his counterpart, Leon Courneya of the NWT Power Corporation, will form an advisory committee to action an 11-point Memorandum of Understanding that was recently finalized.

The alliance was created under an Intergovernmental Relations Accord signed by the governments of both territories in February of this year. It mirrors a recent agreement between the NWT Power Corporation and Manitoba Hydro.

Both presidents point to the common history of their corporations in the former federally-owned Northern Canada Power Commission, created in 1948 to serve the power needs of an emerging North. Yukon negotiated ownership of its assets in 1986, while NWT purchased the remaining shares of NCPC in 1988.

”Our companies still have a lot in common, such as combined hydro-diesel systems and numerous stand-alone diesel plants, plus a number of long term employees who have operating experience in both areas,“ said Mr. Courneya. ”We can share that expertise and improve service to all our customers.“

”This kind of joint action makes good business sense between neighbors,“ said Mr. McWilliam. ”We can help keep rates down, and advance ideas we're both working on like residual heat recovery and pilot projects in wind generation.“

Yukon Energy Corporation executives will travel to Hay River later in April to start work on specific issues. This will be a reciprocal visit to one made by NWT Power Corporation staff to Whitehorse last fall. The agreement will be reviewed after three years.