The Governor in Council on the report and recommendation of the Minister of Finance and Treasury Board and the Minister of Energy dated July 7, 2025, and pursuant to Section 27 of Schedule B of Chapter 2 of the Acts of 2024, the More Access to Energy Act and Sections 46 and 77 of Chapter 2 of the Acts of 2010, the Finance Act, is pleased to authorize the Minister of Finance and Treasury Board entering into a net debt obligation in the form of a guarantee and postponement of claim in favour of the Royal Bank of Canada, that will guarantee amounts owing to the Royal Bank of Canada by the Nova Scotia Independent Energy System Operator, up to a maximum aggregate principal amount of $170 million USD, on such terms and conditions as the Minister of Finance and Treasury Board may determine, and executing such agreements or other documents as may be required in connection with such guarantee and postponement of claim.