Hydro Corporation Act, 2024
Long title not yet sourced from the legislative registry.
- Sponsor
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- Introduced
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- Royal assent
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- Final vote
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Legislative timeline
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Bill overview
Bill NL2433, “Hydro Corporation Act, 2024”, is a Newfoundland and Labrador bill from session ga50session2.
Its latest recorded status is “Passed”.
This overview is written automatically from the registry and vote records on this page and updates when they sync. It describes the bill's path, not its merits.
PLAIN-LANGUAGE SUMMARY
What you need to know
The Hydro Corporation Act, 2024, currently before the Newfoundland and Labrador government, establishes the Hydro Corporation as a separate entity from the provincial government. This means the corporation will have its own board of directors and will be responsible for managing the province's electricity system. The act outlines the corporation's powers, duties, and governance structure, aiming to improve the management and oversight of the province's energy resources.
AI-generated from official records and reviewed against our editorial guardrails.
Key provisions
- 01This Act may be cited as the Hydro Corporation Act, 2024.
- 02The Hydro Corporation is continued as a corporation without share capital under the laws of the Province of Newfoundland and Labrador.
- 03The objects of the Hydro Corporation are to generate, transmit, distribute and sell electricity in the Province of Newfoundland and Labrador.
- 04The Hydro Corporation has the capacity and the rights, powers and privileges of a natural person.
- 05The Hydro Corporation may sue and be sued in its corporate name.
- 06The Hydro Corporation is subject to the Financial Administration Act (NL).
Vote roll
No division has been recorded for this bill yet.