1. Hydro’s proposal to continue its historic treatment of recording all contributions to assets, both from customers and entities that are not customers, as CIACs for financial statement purposes and to offset the CIAC against the cost of the asset for computation of average rate base, is approved.
2. Hydro’s proposal that betterment not be provided to non-customers is not approved.
3. Hydro shall pay all the expenses of the Board arising from this Application.

1. Hydro’s motion to strike the two Bernander reports dated November 26, 2015 and October 13, 2016, and the Raphals report dated October 17, 2016, is granted.
2. Hydro shall pay the expenses of the Board associated with the matter.

1. The proposed Load Curtailable Agreement with Vale Newfoundland and Labrador Limited is approved.
2. Hydro shall file with the Board, no later than April 15 of the year following each winter period December 1 - March 31 while the agreement is in place, a report setting out the dates, times, duration and system conditions, including generation available and calculation of system reserve, under which capacity assistance was requested, the capacity assistance requested and provided, and the capacity and variable payments made.
3. Hydro shall pay all expenses of the Board arising from this Application.

1. Newfoundland Power’s proposal to issue Series AP First Mortgage Bonds in an amount of up to $100,000,000 to repay short term indebtedness is approved subject to the following conditions:
   1. The Series AP First Mortgage Bonds shall be issued on or before December 31, 2017.
   2. Newfoundland Power shall file with the Board a report specifying the terms and conditions of the bond issue within five (5) days after closing, setting out the following:
      1. date of issue;
      2. term;
      3. maturity date;
      4. principal amount;
      5. coupon rate;
      6. particulars of sinking fund, if any;
      7. price to public and to the underwriters;
      8. yield to the public;
      9. underwriting fee;
      10. actual cost (i.e. yield) to Newfoundland Power; and
      11. any other material terms or conditions.
   3. Newfoundland Power shall file with the Board a copy of the Underwriting Agreement relating to the bonds within five (5) days after closing.
   4. Newfoundland Power shall file with the Board a report on the disposition of the proceeds no later than six months from the date of the closing.
2. Newfoundland Power shall pay all expenses of the Board arising from this Application.

1. The proposed capital expenditure in the amount of $3,045,000 to construct a distribution feeder at the Bottom Waters Terminal Station is approved.
2. Hydro shall pay all expenses of the Board arising from this Application.

1. The proposed capital expenditures in the amount of:
   1. $1,475,000 to replace the substation transformer at the Riverhead Substation; and
   2. $1,354,000 to provide substation equipment and construct a distribution feeder to serve the St. Lawrence Fluorspar Mine are approved.
2. The Contribution in Aid of Construction of eight hundred and eighty six thousand and fifty six dollars ($886,056), excluding HST, to extend 3-phase power to the fluorspar mining facility near the Town of St. Lawrence is approved.
3. Newfoundland Power shall pay all expenses of the Board arising from this Application.

1. The proposed capital expenditure in the amount of $3,168,944 for:
   1. the sublease of two 230 kV transmission lines that run from Churchill Falls to the Twin Falls generating plant site;
   2. the sublease of two 230 kV transmission lines that run from the Twin Falls generating plant site to the Wabush Terminal Station;
   3. the lease of electrical equipment situated in the Churchill Falls Switchyard; and
   4. the purchase of spare parts and inventory associated with the Wabush Terminal Station, the Churchill Falls Switchyard and the transmission lines is approved.
2. Hydro shall pay all expenses of the Board arising from this Application.

1. Hydro shall file its next general rate application no later than July 31, 2017.
2. Hydro shall pay all expenses of the Board arising from this Application.

1. The GRK application to rescind or amend Order No. P.U. 2(2017) is denied.

1. The proposed capital expenditure in the amount of $1,349,200 to replace the exciter control modules for Units 1 and 2 at the Holyrood Thermal Generating Station is approved.
2. Hydro shall pay all expenses of the Board arising from this Application.

1. The proposed project to: 
   1. replace one 46 kV circuit breaker, 46-33, and complete breaker and feeder protection upgrades for this circuit breaker;
   2. replace thirty-six 46 kV post insulators, twenty-four 46 kV suspension insulators, and twenty-four 230 kV suspension insulators;
   3. purchase and replace shaft seals and resistance rings for synchronous condenser 1 and 2; and
   4. complete Level 2 condition assessments of synchronous condenser 1 and 2 is approved, with estimated capital expenditures in the amounts of $2,585,200 in 2017 and $327,300 in 2018.
2. Hydro shall pay all expenses of the Board arising from this Application.

1. Newfoundland Power’s Weather Normalization Reserve of a negative balance of $1,720,704.94 as of December 31, 2016 is approved.
2. Newfoundland Power shall pay all costs and expenses of the Board in connection with this Application.

1. The proposed capital expenditure in the amount of $9,063,700 to inspect and refurbish Bay d’Espoir Penstock 2 is approved subject to the following conditions:
   1. Hydro shall file, on the day following the third day of inspection, an analysis by a qualified engineer or other appropriate expert, containing field findings on the weld condition and indicating whether or not the work must proceed, to support the refurbishment of the penstock; and
   2. Hydro shall file copies of any subsequent inspection and assessment reports in connection with the refurbishment of the penstock.
2. The proposed capital expenditure in the amount $2,361,500 to complete a major overhaul on Bay d’Espoir Unit 3 Turbine is approved.
3. Hydro shall pay all expenses of the Board arising from this Application.

1. Hydro shall file a revised Compliance Application arising from Order No. P.U. 49(2016), incorporating the findings of the Board in this Decision and Order.
2. Hydro shall pay all costs and expenses of the Board arising from this Application.

1. The addition of a supplementary amount of $500,000 to the 2017 Allowance for Unforeseen Items is approved.
2. Hydro shall pay all expenses of the Board arising from this Application.

1. Hydro shall transfer the Newfoundland Power RSP Load Variation balance to the Newfoundland Power RSP Current Plan to mitigate the proposed July 1, 2017 RSP Adjustment rate increase.
2. Hydro shall provide with its revised compliance application detailed calculations in relation to the transfer from the Newfoundland Power RSP Load Variation balance and the resulting impacts on rates.
3. Hydro shall set out the proposed RSP Current Plan rate on the Utility Rate sheet showing i) the RSP Current Plan rate, calculated in the ordinary course, and ii) the RSP Current Plan mitigation rate.
4. Hydro shall pay all costs and expenses of the Board arising from this Application.

1. Hydro’s proposal to revise its Schedule of Rates, Rules and Regulations to permit the implementation of the net metering program is approved, to be effective as of July 1, 2017.
2. Hydro shall file a revised Schedule of Rates, Rules and Regulations for the approval of the Board.
3. Newfoundland Power’s proposal to revise its i) rates, tolls and charges and ii) rules and regulations to permit the implementation of the net metering program is approved, to be effective as of July 1, 2017.
4. Newfoundland Power shall file revised i) rates, tolls and charges and ii) rules and regulations for the approval of the Board.
5. Hydro and Newfoundland Power shall provide an annual report, beginning on April 1, 2018, on their respective net metering programs.
6. Hydro and Newfoundland Power shall pay the costs and expenses of the Board associated with these applications, to be shared equally.

1. The Contribution in Aid of Construction of two hundred and thirteen thousand seven hundred dollars and forty six cents ($213,700.46), excluding HST, to provide three-phase service to a waste management station in the Town of Conception Bay South is approved.
2. Newfoundland Power shall pay all expenses of the Board arising from this Application.

1. The proposed capital expenditure in the amount of $1,787,000 to refurbish Turbine No. 1 at the Rose Blanche hydro plant is approved.
2. The proposed capital expenditure in the amount of $1,494,000 to perform rockfall remediation at the Rose Blanche hydro plant is approved.
3. Newfoundland Power shall pay all expenses of the Board arising from this Application.

1. The proposed capital expenditure in the amount of $2,610,000 to refurbish and replace critical systems and equipment at the Holyrood Thermal Generating Station including:
   1. boiler air flow and heat transfer equipment refurbishments and replacements including boiler air heaters and expansion joints;
   2. piping, valves, and heat tracing replacements related to boiler feed water, steam, and cooling water systems; and
   3. turbine and generator lubrication and control system replacements including DC tube oil, pump motor starters, and speed probes and cables is approved.
2. Hydro shall pay all expenses of the Board arising from this Application.

1. The proposed capital expenditure in the amount of $3,714,800 for the repair and advanced overhaul of the Happy Valley gas turbine is approved.
2. Hydro shall pay all expenses of the Board arising from this Application.

REVENUE REQUIREMENT
1.   A revised average rate base for 2013 of $1,549,685,000 is approved.
2.   For the purpose of calculating the 2014 revenue deficiency the following are approved:
         a. a 2014 test year revenue requirement of $554,646,000;
         b. a 2014 forecast average rate base of $1,629,088,000; and
         c. a rate of return on average rate base for 2014 of 7.18% in a range of 6.98% to 7.38%.
3.   For 2015 rate setting purposes the following are approved:
         a. a 2015 test year revenue requirement of $566,510,000;
         b. a 2015 forecast average rate base of $1,785,353,000; and
         c. a rate of return on average rate base for 2015 of 6.61% in a range of 6.41% to 6.81%.
4.   For the purpose of calculating the 2015 revenue deficiency the following are approved:
         a. a 2015 test year revenue requirement of $539,219,000;
         b. a 2015 test year forecast average rate base of $1,729,093,000; and
         c. a rate of return on average rate base for 2015 of 6.67%, in a range of 6.47% to 6.87%.
5.   For the purpose of calculating the 2016 revenue deficiency the following are approved:
         a. a 2016 revenue requirement of $544,382,000;
         b. a forecast average rate base for 2016 of $1,802,235,000; and
         c. a rate of return on average rate base for 2016 of 6.61% in a range of 6.41% to 6.81%.

REVENUE DEFICIENCIES
6.   Hydro's proposal to not reflect the use of actual No. 6 fuel costs in the 2014 test year revenue requirement for the
      purpose of calculating the 2014 revenue deficiency is approved.
7.   Hydro's proposal to include the 2014 additional capacity-related supply costs approved for recovery by the Board in
      calculating its 2014 revenue deficiency is approved.
8.   Hydro's proposal to credit $6,577,000 to increase the balance in the Newfoundland Power RSP Current Plan balance
      effective January 1, 2017, and to debit $804,000 from the Newfoundland Power RSP Current Plan balance effective
      June 30, 2017, to eliminate the cumulative excess earnings for the period 2014 to 2017 from Newfoundland Power,
      is approved.
9.   Hydro's proposal to apply a rate reduction to Hydro's rural customers on the Labrador Interconnected System to       provide for the disposition of cumulative excess revenues over the period 2014 to 2017 is approved.
10.  Hydro's proposal to provide a refund to Labrador Industrial Transmission customers for disposition of cumulative
      excess revenues over the period 2014 to 2017 is approved.

RATES
11.   The following riders and adjustments for Hydro’s Utility Customer rate are approved to be effective July 1, 2017:
         a. RSP Fuel Price Projection Rider of 0.672 ¢ per kWh
         b. RSP Recovery Adjustment of (0.132) ¢ per kWh
         c. RSP Mitigation Adjustment rate of (0.911) ¢ per kWh
         d. Conservation and Demand Management Cost Recovery Adjustment of 0.019 ¢ per kWh
12.   The rates to be charged by Hydro to Newfoundland Power, Labrador Interconnected customers, Labrador Industrial Transmission customers, and Government Departments in Hydro’s diesel service areas, as set out in Schedule A to this Order, to be effective for electrical consumption on or after July 1, 2017, are approved.
13.   The Rules and Regulations for service to Hydro’s Rural customers, as set out in Schedule B to this Order, to be effective as of July 1, 2017, are approved.
14.   The Rules and Regulations for Hydro’s Conservation and Demand Management Cost Recovery, as set out in Schedule C to this Order, to be effective as of July 1, 2017, are approved.
15.   The Rate Stabilization Plan Rules, as set out in Schedule D to this Order, to be effective as of July 1, 2017, are approved.
16.   The interim Utility Customer rates approved in Order Nos. P.U 29(2013), P.U. 47(2014), P.U. 14(2015) and P.U. 9(2016), effective for consumption on and after September 1, 2013, are approved on a final basis.
17.   The interim Government Diesel rates approved in Order No. P.U. 14(2015), effective for consumption on and after July 1, 2015, are approved on a final basis.
18.   The interim Labrador Industrial Transmission Rate approved in Order Nos. P.U. 57(2014) and P.U. 15(2016), effective for consumption on and after January 1, 2015, is approved on a final basis.

EXCESS EARNINGS/DEFERRAL ACCOUNTS
19.   The following deferral account definitions, as set out in Schedule E to this Order, to be effective as of July 1, 2017 is approved:
         a. Isolated Systems Supply Cost Variance Deferral Account
         b. Energy Supply Cost Variance Deferral Account
         c. Conservation and Demand Management Cost Deferral Account
         d. Holyrood Conversion Rate Deferral Account
20.   The excess earnings account definition, as set out Schedule F to this Order, to be effective as of July 1, 2017, is approved.

COSTS
21.   Hydro shall pay all costs and expenses of the Board, including those of the Consumer Advocate, arising from this Application.

1. The Rate Stabilization Adjustment of (0.195) cents per kWh and the Municipal Tax Adjustment Factor of 1.02806 for the period July 1, 2017 to June 30, 2018 is approved.
2. The Schedule of Rates, Tolls and Charges, as set out in Schedule A to this Order, to be effective on all electrical consumption on and after July 1, 2017, including the revised Rate Stabilization Clause and amendments to permit the implementation of a Net Metering Service Option, is approved.
3. Newfoundland Power shall pay the expenses of the Board arising from this Application.

1. Hydro shall transfer the necessary funds from the Industrial Customer RSP Load Variation balance to eliminate the cumulative revenue deficiency for the period 2014 to 2017 for Island Industrial customers.
2. Hydro will make a one-time payment of $0.174 million from the Industrial Customer RSP Load Variation balance to NARL Refining Limited Partnership on or before July 1, 2017.
3. Hydro shall transfer the remaining Industrial Customer RSP Load Variation balance to the Industrial Customer RSP Current Plan to mitigate the proposed July 1, 2017 RSP Adjustment rate increase.
4. Hydro shall file for the approval of the Board a revised Schedule of Rates, Tolls and Charges and RSP Rules, effective July 1, 2017, incorporating the findings of the Board in this Order and setting out detailed calculations in relation to the transfers from the Industrial Customer RSP Load Variation balance and the resulting impacts on rates.
5. The revised Schedule of Rates, Tolls and Charges and RSP Rules shall set out the proposed RSP Current Plan rate, calculated in the ordinary course, as well as the RSP Current Plan mitigation rate.
6. Hydro shall pay all costs and expenses of the Board arising in this matter.

1. The rates proposed by Hydro to be effective for all electrical consumption on or after July 1, 2017 for its Island Interconnected and L’Anse au Loup customers (Rates 1.1, 1.1S, 2.1, 2.3, 2.4 and 4.1) and Isolated Rural customers, excluding government departments (Rates 1.2D, 1.2DS, 2.1D, 2.2D and 4.1D), as set out in Schedule A to this Order, are approved.
2. The Rules and Regulations as set out in Schedule B to this Order are approved.
3. The interim rates approved in Order Nos. P.U. 19(2015) and P.U. 26(2016) for Island Interconnected and Isolated Rural customers, effective for consumption on and after July 1, 2015, are approved on a final basis. 
4. Hydro shall pay all expenses of the Board arising from this Application.

1. The rates proposed by Hydro to be effective for all electrical consumption on or after July 1, 2017 for its Island Industrial customers, as set out in Schedule A to this Order, are approved.
2. The Rate Stabilization Plan rules as set out in Schedule B to this Order are approved.
3. The interim rates approved for Industrial Customers in Order Nos. P.U. 29(2013), P.U. 21 (2015) and P.U. 35(2015), effective for consumption on and after September 1, 2013, are approved on a final basis. 
4. Hydro shall pay all expenses of the Board arising from this Application.

1. The addition of a supplementary amount of $540,000 to the 2017 Allowance for Unforeseen Items is approved.
2. Hydro shall pay all expenses of the Board arising from this Application.

1. The Contribution in Aid of Construction of three hundred and thirty-eight thousand six hundred fifty four dollars ($338,654), excluding HST, to provide three-phase service to an industrial park, Glencrest Business Centre, in the City of St. John’s is approved.
2. Newfoundland Power shall pay all expenses of the Board arising from this Application.

1. The Contribution in Aid of Construction of two hundred and forty nine thousand four hundred and ninety eight dollars and eighty cents ($249,498.80), excluding HST, to upgrade the three-phase service to Husky Energy Inc.’s  graving dock in Argentia is approved.
2. Newfoundland Power shall pay all expenses of the Board arising from this Application.

1. The intervenors in the Application are as set out in Schedule “A” to this Order.
2. The schedule of dates for the Application shall be as set out in Schedule “B” to this Order and may be amended by the direction of the Board.
3. The rules of procedure for the Application shall be as set out in Schedule “C” to this Order.

1. The revisions to the Rate Stabilization Plan rules, as set out in Schedule A to this Order, effective September 30, 2017, are approved.
2. The revision to the Industrial Customer rate sheets, as set out in Schedule B to this Order, effective September 30, 2017, is approved.
3. A transfer of the balance in the Industrial Customer RSP Surplus account to the Industrial Customer RSP Current Plan, effective September 30, 2017, is approved.
4. Hydro shall pay all expenses of the Board arising from this Application.

1. The costs of the Industrial Customer Group are fixed at $300,000, exclusive of HST.
2. The costs of Vale Newfoundland and Labrador Limited are fixed at $150,000, exclusive of HST.
3. The costs of Innu Nation are fixed at $75,000, exclusive of HST.
4. The costs of the Nunatsiavut Government are fixed at $75,000, exclusive of HST.
5. Hydro shall, within thirty days, pay to the Industrial Customer Group, Vale Newfoundland and Labrador Limited, Innu Nation and the Nunatsiavut Government the costs fixed in this order.
6. Hydro shall pay all expenses of the Board arising from these Applications.

1. The Commissioning Power Non-Firm Rate proposed by Hydro, as set out in Schedule A to be effective on electrical consumption on and after the date of this Order is approved.
2. Hydro shall pay all expenses of the Board arising from this Application.

1. The Revised Capacity Assistance Agreement between Hydro and Corner Pulp and Paper Limited, to be effective as of November 1, 2017, is approved.
2. Hydro shall file a report no later than May 30 of each year during the term of the Revised Capacity Assistance Agreement setting out for the latest winter period:
   1. the capacity assistance requested and provided, including dates, times and duration;
   2. the system conditions at the time of the capacity assistance request, including generation available and calculation of system reserve; and
   3. payments made.
3. Hydro shall pay all expenses of the Board arising from this Application.

1. Hydro shall provide a response to the following Requests for Information in accordance with the findings of the Board: LAB-NLH-004, LAB-NLH-005, LAB-NLH-007, LAB-NLH-008, LAB-NLH-009, LAB-NLH-021, LAB-NLH-022, LAB-NLH-036, LAB-NLH-037, LAB-NLH-038, LAB-NLH-039, and LAB-NLH-040.
2. Hydro will not be required to provide a response to LAB-NLH-016.
3. Hydro shall pay all expenses of the Board arising from this Application.

1. Hydro shall provide a response to the following Requests for Information in accordance with the findings of the Board: CA-NLH-007, CA-NLH-019, CA-NLH-031, CA-NLH-032 and CA-NLH-090.
2. Hydro shall pay all expenses of the Board arising from this Application.

1. Newfoundland Power’s proposed construction and purchase of improvements or additions to its property to be completed in 2018, as set out in Schedule A to this Order, are approved.
2. Newfoundland Power’s proposed multi-year construction and purchase of improvements or additions to its property to begin in 2018, as set out in Schedule B to this Order, are approved.
3. Newfoundland Power’s 2018 Capital Budget for improvements or additions to its property in an amount of $83,876,000, as set out in Schedule C to this Order, is approved.
4. Newfoundland Power’s average rate base for the year ending December 31, 2016 is hereby fixed and determined at $1,061,044,000.
5. Unless otherwise directed by the Board, Newfoundland Power shall file an annual report to the Board on its 2018 capital expenditures by March 1, 2019.
6. Unless otherwise directed by the Board, Newfoundland Power shall provide, in conjunction with the 2019 Capital Budget Application, a status report on the 2018 capital budget expenditures showing for each project:
   1. the approved budget for 2018;
   2. the expenditures prior to 2018;
   3. the 2018 expenditures to the date of the application;
   4. the remaining projected expenditures for 2018;
   5. the variance between the projected total expenditures and the approved budget; and
   6. an explanation of the variance.
7. Newfoundland Power shall pay all costs and expenses of the Board incurred in connection with the Application.

1. The Contribution in Aid of Construction of one hundred and fourteen thousand five hundred and eighty two dollars and sixty one cents ($114,582.61), excluding HST, to provide three-phase service to a lift station on Indian Pond Drive in the Town of Conception Bay South is approved.
2. Newfoundland Power shall pay all expenses of the Board arising from this Application.

1. The Application is dismissed.
2. Hydro shall pay all costs and expenses of the Board arising from this Application.

1. The revised cost factors as set out in Schedules A, B, C and D to this Order are approved to be used in the calculation of all CIACs with effect from January 1, 2018, and, where advantageous to the customer, on all CIACs quoted but unpaid as of January 1, 2018.
2. Newfoundland Power shall submit a revised CIAC Policy incorporating the revisions approved herein.
3. Newfoundland Power shall pay the expenses of the Board arising from this Application.

1. Newfoundland Power’s forecast average rate base for 2018 of $1,115,997,000 is approved.
2. Newfoundland Power’s rate of return on rate base for 2018 of 7.04% in a range of 6.86% to 7.22% is approved.
3. Newfoundland Power shall pay the expenses of the Board in connection with this Application.

1. The proposal by Hydro proposal to borrow from the Province of Newfoundland and Labrador in an amount of up to $700,000,000 to retire outstanding short-term debt, including an outstanding short-term promissory note in favour of Nalcor, and to finance items such as debt service, fuel, ongoing capital, operating and maintenance costs, the refinancing of Series X debentures, and Hydro’s approved capital program, is approved subject to the following conditions:
   1. The debt shall be issued on or before March 31, 2018.
   2. Hydro shall file with the Board an affidavit specifying the terms and conditions of the debt issue within five (5) days after terms and conditions have been successfully negotiated, setting out the following where applicable:
      1. date of issue;
      2. term;
      3. maturity date;
      4. principal amount;
      5. interest rate;
      6. price to the public and to the underwriters;
      7. yield to the public;
      8. underwriting fee;
      9. actual cost (i.e. yield) to Hydro; and
      10. any other material terms or conditions.
   3. Hydro shall file with the Board a copy of the Loan Agreement relating to the debt issue within five (5) days after the conditions have been accepted by Hydro.
   4. Hydro shall file with the Board a report on the disposition of the proceeds no later than six months from the date of the closing.
2. Hydro shall pay all expenses of the Board arising from this Application.

1. Hydro’s proposed construction and purchase of improvements or additions to its property in excess of $50,000 to be completed in 2018, as set out in Schedule A to this Order, are approved.
2. Hydro’s proposed multi-year construction and purchase of improvements or additions to its property in excess of $50,000 to begin in 2018, as set out in Schedule B to this Order, are approved.
3. Hydro’s proposed contributions in aid of construction for 2018 are approved.
4. Hydro’s 2018 Capital Budget for improvements or additions to its property in an amount of $170,868,300, as set out in Schedule C to this Order, is approved.
5. Unless otherwise directed by the Board Hydro shall file with its 2019 Capital Budget Application:
       a. an updated overview in relation to capital expenditures for the Holyrood Thermal Generating Station; and
       b. a report setting out near-term and long-term plans for the Hardwoods and Stephenville gas turbines.
6. Unless otherwise directed by the Board Hydro shall file an annual report on its 2018 capital expenditures by March 1, 2019.
7. Unless otherwise directed by the Board Hydro shall provide, in conjunction with the 2019 Capital Budget Application, a status report on the 2018 capital budget expenditures showing for each project:
       (i) the approved budget for 2018;
       (ii) the expenditures prior to 2018;
       (iii) the 2018 expenditures to the date of the application; \
       (iv) the remaining projected expenditures for 2018;
       (v) the variance between the projected total expenditures and the approved budget; and
       (vi) an explanation of the variance.
8. The Industrial Customer Group may file a claim for costs within 30 days of this Order.
9. Hydro shall pay all costs and expenses of the Board incurred in connection with the Application.

1. The January 1, 2018 adjustment to the Island Industrial customer Rate Stabilization Plan rates is suspended until a further Order of the Board.
2. The current Island Industrial customer rates are continued on an interim basis, effective January 1, 2018, and Hydro shall within 30 days of this Order file a revised Schedule of Rates, Tolls and Charges setting out that the rates for the Island Industrial customers are interim.
3. Hydro shall pay all expenses of the Board arising from this Application.