Thread by @PeterCBC

NL and the Federal Government have signed a term sheet agreement on Muskrat Falls rate ministration. Details are very similar to what was announced last July $5.2 billion restructuring #nlpoli

The goal is still the same. Keeping rates below 14.7 cents (instead of going to 23 cents) is still the goal. In the first year alone there’s about $500 million going into reducing rates #nlpoli

A chunk of this money (around $200 million) is money the federal government receives from Hibernia and it’s turning it over to the province to pay for electricity.

The province is also giving up some revenue for they money it put in to find construction #nlpoli

The agreement is more than a principle it’s a reality says the premier. He says this lets the province move out from the “long dark shadow of muskrat falls” #nlpoli

Seamus O’Regan says it’s unsettling to see what was unfolding the last two weeks in Ottawa. It’s stressful

He says the people saying hateful things may be loud but they’re few #nlpoli

O’Regan says today is the culmination of 6 year of work. Says this has been the biggest issue for him since he was elected #nlpoli

The term sheet on Muskrat Falls refinancing is officially signed #nlpoli

The premier says he won’t provide details about why the head of @NLCHItweets was removed calling it a personnel mater. Wouldn’t comment on whether it’s connected with last fall’s cyber attack

Seamus O’Regan says there was an emergency cabinet meeting last night and caucus meeting this morning on Ottawa protests
He says everyone is frustrated and tired. “Some of this isn’t surprising” #nlpoli

Is anything related to this Muskrat Falls deal tied to off shore development? Emphatic no from the premier and O’Regan #nlpoli