The present Act lays down provisions relating to the establishment of an Energy Corporation for the Province and sets out the mandate, powers and management structure of the Energy Corporation of Newfoundland and Labrador as a Crown Agency. Section 5 establishes that the objects of the corporation are to invest in, engage in, and carry out activities in all areas of the energy sector in the province and elsewhere, including, a) the development, generation, production, transmission, distribution, delivery, supply, sale, export, purchase and use of power from wind, water, steam, gas, coal, oil, hydrogen or other products used or useful in the production of power; b) the exploration for, development, production, refining, marketing and transportation of hydrocarbons and products from hydrocarbons; c) the manufacture, production, distribution and sale of energy related products and services; and d) research and development. The text consists of 37 sections.
Canada · 2007-06-14