Category Archives: New Brunswick Power

(May 7, 2002) Review of Financial Fitness, Institutional Certainty, and Investment Risk. Continue reading →

(May 6, 2002) Fredericton — The New Brunswick government says it will have the backing of Quebec, at least one other Maritime government, and powerful Ontario interests when it makes its case to the National Energy Board for a guanteed Canadian share of Sable Island gas reserves. Continue reading →

(April 2, 2002) Only two days after announcing a big budget surplus for 2001-02, the province may have to revise its numbers substantially thanks to a terrible year for NB Power. Continue reading →

(April 1, 2002) “NDP Leader Elizabeth Weir said that by advancing Point Lepreau’s refurbishment date to 2006, NB Power made it hard for the Public Utilities Board to turn the refurbishment project down.” Continue reading →

(March 25, 2002) “Why doesn’t NB Power come clean and tell the people of the province just how financially precarious that operation is?” That’s Tom Adams, executive director of Energy Probe, the organization that tabled a devestating report on the Crown corporation in Fredericton last week. Continue reading →

(March 18, 2002) Energy Probe’s comments on the Draft Environmental Assessment Gudelines for the proposal Point Lepreau Solid Radioactive Waste Modifications. Continue reading →

(March 14, 2002) The old Ontario Hydro was an epic disaster. Electricity bills in the province are about 35 per cent higher than they should be because consumers were forced to pick up the tab for $21-billion in liabilities that the Crown-owned utility could not pay off. The good news is that Ontario is unlikely to see a report of the financial horror story. Continue reading →

(March 8, 2002) A two-year power rate freeze has ended as New Brunswickers are being hit with a three per cent hike in their power bill on April 1, and the increases may not stop there. Continue reading →

(March 6, 2002) Electricity customers in New Brunswick and PEI face rate hikes possibly as high as 30 per cent to cover costs at the toubled Point Lepreau Candu nuclear power station unless NB Power gets permission from the provincial Public Utilities Board (PUB) and the government to invest $845 million to extend the reactor’s life expectancy. Continue reading →

(March 4, 2002) Ontario Hydro had to kiss $410 million goodbye, thanks to a deal like the one that Atomic Energy of Canada Ltd. is offering New Brunswick. Continue reading →