although the energy market has changed considerably since 1964. So the original economic assumptions were based on forecasts of declining downstream power, but these prove to be incorrect. And so the power sharing agreement has ultimately been more favorable to Canada than to the US. And the US entity has proposed rebalancing the power benefits to better reflect the actual value of the coordinated operations. However, some Northwest politicians believe that the terms of the treaty are beyond repair and introduced a bipartisan resolution in the United States House of Representatives calling for its termination. Well, this seems unlikely. It is another sticking point in the renegotiation process. So formal negotiations opened on May 30th in 2018. And in June 20, 2020, the 10th round of treaty negotiations occurred via web conference. And at the conclusion of those most recent conversations, the two sides released almost identical press statements, which I've excerpted on this slide. Due to the confidential nature of the cross-border negotiations, the specific details of Canada's initial proposal and of the US framework that they're referencing here have not been made public. And this lack of information has been really frustrating to the numerous stakeholders who regard modernizing the treaty as essential. So in 2018, a coalition of 31 nonprofit organizations sent a letter to the US entity advocating for, among other things