Executive Council
Natural Resources
March 13, 2015

Media Advisory: Provincial Government Releases Oversight Report on Muskrat Falls Project to the End of December 2014

Today, the Provincial Government released the Muskrat Falls Oversight Committee's report for the quarter ended December 2014. The report is available at www.gov.nl.ca/MFoversight/pdf/report_dec_2014.pdf and includes an assessment of project costs, schedule, and risk monitoring and mitigation. In addition, it provides information by Nalcor regarding variances and identified risks in response to the committee's questions.

The Muskrat Falls Oversight Committee was established in March 2014 to formalize and strengthen existing oversight of the Muskrat Falls Project. In making its observations, the committee uses an extensive reporting framework, which includes project reports regularly generated by Nalcor, information specifically requested by the committee, and information required by the Independent Engineer.

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Media contacts:

Heather Maclean Director of Communications Office of the Premier 709-729-3581 heathermaclean@gov.nl.ca	Donna Ivey Special Assistant, Communications Office of the Premier 709-729-3551, 699-2402 donnaivey@gov.nl.ca
Diana Quinton Director of Communications Department of Natural Resources 709-729-5282, 631-8155 dianaquinton@gov.nl.ca

2015 03 13                      9:35 a.m.