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NEWFOUNDLAND

AND LABRADOR

REGULATION 95/00

Corner Brook

Pulp and Paper Limited Exemption Order

under the

Electrical Power Control Act, 1994

and the

Public Utilities Act

(O.C. 2000-489 &

O.C. 2000-491)

(Filed October 31, 2000)

Under the authority of

section 5.2 of the Electrical Power Control Act, 1994

and

section 4.1 of the Public Utilities Act,

the Lieutenant Governor in Council makes the following Order.

Dated at St. John's

, October 19, 2000.

John R. Cummings, Q.C.

Clerk of the Executive Council

ORDER

Analysis

Short title

Definition

Exemption

Extension of exemption

Short title

This order may be cited as the Corner Brook Pulp and Paper

Limited Exemption Order.

95/00 s1

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Definition

In these regulations "project" means the project at Corner Brook

in the province as described in

section 3.

95/00 s2

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Exemption

Corner Brook Pulp and Paper Limited and any lender providing financing to the project are exempt from all of the application of the Electrical Power Control Act, 1994

and the Public Utilities Act

for all aspects of their activities pertaining to

(

a) the design, engineering, planning, construction, commissioning, ownership, operation, management and control of equipment and facilities to be comprised of a new 15 megawatt cogeneration project and all associated facilities at the project;

(

b) producing, generating, storing, transmitting, delivering or providing electric power and energy to or for Newfoundland

and Labrador Hydro for compensation from the project;

(

c) negotiating, concluding and executing any and all agreements for activities referred to in paragraph (b);

(

d) raising and securing funds necessary to construct the project's facilities to generate or transmit power that is the subject of any power sale or distribution agreements, including without limitation the negotiation, conclusion and execution of any and all agreements and security documentation with any lender providing that financing to the project; and

(

e) any agreements, contracts or instruments necessary or incidental to any activity described in this exemption.

95/00 s3

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Extension of exemption

Notwithstanding

section 3, this exemption extends to the successors of Corner Brook Pulp and Paper Limited only provided that the successor shall be a successor to both the pulp and paper mill at Corner Brook

and the electrical generation facilities or plant at Corner Brook

95/00 s4

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