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The Government of Canada has announced nearly CAD20 million (USD15 million) in federal funding to support the provinces of Nova Scotia and New Brunswick to help enable a phase-out of coal-fired electricity generation by 2030. The funding includes CAD7 million to support pre-development work for a small modular reactor at Point Lepreau in New Brunswick.
Two projects that would allow for more power to flow between New Brunswick and Nova Scotia are being pitched by the provinces instead of the Atlantic Loop.
Natural Resources Minister Tory Rushton says that since 2020 capital costs for the Atlantic Loop have increased by 300 per cent to more than $9 billion.
NB Power says it has over 500 resources ready to respond to outages caused by post-tropical storm Philippe this weekend if necessary.
Ontario, NB's nuclear ambitions vs BC's LNG debacle