2. A supervisory and arbitration committee respecting the production, sale and supply or distribution of electrical power, the matters referred to in section 37 and the sale, supply or distribution, conveyance and, subject to the Mining Act (chapter M-13), the storage of gas, is hereby created under the name of “Régie de l’électricité et du gaz”.
It shall be composed of four controllers, one of whom shall be president and another vice-president, to be appointed by the Government which shall fix their remuneration.
However, the salaries of the president, the vice-president and the other controllers shall in no case be less than those being paid for the exercise of each of such offices respectively on the fifteenth of December, 1958.
They shall remain in office for ten years, subject to dismissal for reasons deemed sufficient by the Government.
Such controllers shall remain in office, notwithstanding the expiration of their term of office, until they have been replaced or reappointed.
The Board shall not be dissolved by reason of vacancy among the controllers.
R. S. 1964, c. 87, s. 2; 1970, c. 25, s. 2; 1975, c. 31, s. 5; 1977, c. 5, s. 14.