P.U. 9 (2000-2001)

IN THE MATTER OF the

Public Utilities Act, R.S.N. 1990,

c. P-47, as amended (the “Act”)

AND

IN THE MATTER OF the application by

Newfoundland and Labrador Hydro (the “Applicant”)

for approval, pursuant to Section 41 of the Act, for

the lease of computer equipment to upgrade office

technology.

WHEREAS pursuant to P.U. 19 (1999-2000) dated 25 November, 1999, the Board approved the capital budget of the Applicant for the fiscal year 2000 (the “Capital Budget Order”); and

WHEREAS in Section A of the Capital Budget Order, the Board approved the Applicant’s proposal to spend $300,000 for the item referred to as “Upgrade Office Technology”; and

WHEREAS on 3 May, 2000, the Applicant applied to the Board for approval to enter into a lease for computer equipment on the terms set out in Schedule A to this Order (the “Lease”); and

WHEREAS the Lease covers many of the items that were to be included under the Board’s previous approval of Upgrade Office Technology; and

WHEREAS the Applicant now only requires $40,000 for the item Upgrade Office Technology.

THEREFORE IT IS THEREFORE ORDERED THAT:

1. Section A of P.U.19 (1999-2000) is amended such that the figure for Upgrade Office Technology shall be $40,000.

2. The Board approves the Applicant’s proposal to enter into a lease along the terms set out in Schedule A, attached hereto.

DATED at St. John's, Newfoundland, this 16^th day of June, 2000.

Darlene Whalen, P.Eng.,

Vice-Chairperson

G. Cheryl Blundon,

Director of Corporate Services

and Board Secretary.

Schedule A

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Newfoundland and Labrador Hydro

2000 Capital Budget – Supplementary

Leases over $5,000

Year Amount

Computers (Desktops & Laptops)

To be recorded as an asset in the

following manner: 2000 $ 579,283.62

2001 571,001.70

2002 431,734.15

$1,582,019.47

To be depreciated in the following

manner:

2000 $ 193,094.54

2001 383,428.44

2002 527,339.82

2003 334,245.28

2004 143,911.38

$1,582,019.46

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