of Bill :
Her Majesty, by and with the advice and consent of the Legislative Assembly of New Brunswick, enacts as follows:
1 The Public Utilities Act, chapter P-27 of the Revised Statutes, 1973, is amended by adding the following after section 34.1:
34.11(1) The New Brunswick Power Corporation shall, before making any direct capital expenditure in respect of a new generating facility, make an application to the Board for the Board's recommendation as to the proposed capital expenditures.
34.11(2) The New Brunswick Power Corporation shall make an application to the Board for the Board's recommendation as to a proposed expenditure, before making the expenditure, if the estimated expenditure exceeds a total of seventy-five million dollars in relation to
(a) the decommissioning of a generating facility; or
(b) a proposed maintenance program or a proposed upgrading program for a generating facility, or a combination of such programs for a generating facility.
34.11(3) The Board shall, upon receipt of an application made under subsection (1) or (2),
(a) give notice to the New Brunswick Power Corporation of the date of the hearing of the application; and
(b) proceed under section 22.
34.11(4) The Board at the conclusion of the hearing shall forward its recommendations in writing to the New Brunswick Power Corporation.
34.11(5) The New Brunswick Power Corporation shall not be bound by the recommendations forwarded to it under subsection (4).
2 This Act or any provision of it comes into force on a day or days to be fixed by proclamation.