NB Power rate hike comes into effect - New Brunswick
NB Power rates are now 13.2 per cent higher for residential customers. The rate increases are intended to ease the organization's over $5 billion debt.
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NB Power rates are now 13.2 per cent higher for residential customers. The rate increases are intended to ease the organization's over $5 billion debt.
The Point Lepreau facility is performing better than it has in years and could become the subject of further cooperation between the two utilities.
The utility is required to purchase power at the lowest cost, but a new bill would force NB Power to buy at least some power from SMRs.
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.
NB Power CEO Lori Clark recently said that it would take about $150 million to clear the waiting list of around 16,000 people.