Energy Plan - Government of Newfoundland and Labrador

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10 Figure 2.7 Key Electricity Assets
Valuing the Energy Warehouse The Provincial Government obtains value from our energy projects through a variety of different sources such as royalties, corporate income taxes and profits from our Crown corporations. The revenues generated from our energy resources are determined by the price at which they are sold, the costs to develop them and the agreements or legislation in place to secure the Provincial Government’s share of the resulting net revenues. Previous agreements and regimes that govern our energy resources have not provided the province with a fair return on the use of our resources. Figure 2.8 outlines the net revenues received to date from our key energy projects and the Provincial Government’s share of these revenues. Figures 2.9 and 2.10 show the breakdown of net revenues for the Upper Churchill project and the offshore petroleum projects. The fiscal regimes for future energy projects will be designed to respond to changing circumstances in the energy sector. This approach will ensure we receive a maximum return from our resources and that Newfoundlanders and Labradorians are the principal beneficiaries from their development. These regimes will also ensure that the companies that invest in the development of these resources will also be able to achieve a fair return on their investments. Figure 2.8 Energy Project Net Revenue Summary To Dec 2006 (Billions $CDN – Nominal) As worldwide energy demand continues to rise, our energy assets continue to increase in value; the key to our success is to unlock their potential by finding the most economic ways to develop our Energy Warehouse in the best interests of the province. Total Net Revenue $38 B CDN Figure 2.10 Offshore Petroleum Projects Net Revenue Summary To Dec 2006 (Billions $CDN – Nominal) Total Net Revenue $18 Billion Figure 2.9 Upper Churchill Project Net Revenue Summary To Dec 2006 (Billions $CDN – Nominal) Total Net Revenue $20 Billion 11
Page 3: Focusing our Energy Table of Conten
Page 6 and 7: Letter from the Minister Focusing O
Page 10 and 11: Our Energy Newfoundland and Labrado
Page 12: 4. Maximizing Electricity Export Va
Page 15 and 16: Figure 2.2 Potential Opportunity fo
Page 17: Figure 2.6 Non-Renewable Energy Ass
Page 21 and 22: Managing Our Energy Warehouse We ar
Page 24 and 25: OIL AND GAS Throughout the world, o
Page 26 and 27: POLICY ACTIONS Encouraging Explorat
Page 28 and 29: POLICY ACTIONS Equity Ownership The
Page 30 and 31: POLICY ACTIONS Fiscal Regime The Go
Page 32 and 33: POLICY ACTIONS Land Management The
Page 34 and 35: POLICY ACTIONS Employment and Indus
Page 36: POLICY ACTIONS Landing Natural Gas
Page 39 and 40: Increasing our participation in Nor
Page 41 and 42: Labrador residents will be primary
Page 43 and 44: Hydroelectric Power Production Coor
Page 45 and 46: In recent years, advances in wind t
Page 47 and 48: In the event that the Lower Churchi
Page 49 and 50: Transmission and Distribution Newfo
Page 51 and 52: As part of the Lower Churchill Proj
Page 53 and 54: Figure 4.6 Potential Export Routes
Page 55 and 56: Power to identify synergies to ensu
Page 58 and 59: Energy and Our Environment In an in
Page 60 and 61: POLICY ACTIONS Air Emissions The Go
Page 62 and 63: Capturing the Value of our Renewabl
Page 64 and 65: POLICY ACTIONS Capturing the Value
Page 66 and 67: POLICY ACTIONS Planning and Coordin
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POLICY ACTIONS Efficiency and Conse
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POLICY ACTIONS A Culture of Conserv
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Professional and Skilled Workers Ou
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An available and diverse workforce
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Focusing on Our Best Opportunities
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The province will monitor other ene
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Labrador Labrador is unique in its
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Conclusion This Energy Plan reflect
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Figure 2.10 Source: Government of N
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80 Appendix A Offshore and Onshore
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Action 10: Action 11: Action 12: Th
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Access to Programming and Services
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Appendix E Glossary BCF (Billion Cu
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Petajoule One million gigajoules. P
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Appendix F Acronyms 92 bbls BCF C-N
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Energy Plan - Government of Newfoundland and Labrador

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