2009-05-28:
13:11:25
The Vice President of Operations for JD Irving says he would be out of a job if he managed the company's budget the way NB Power has managed its budget. Wayne Wolfe says the utility had a 16 per cent increase in costs over two years for travel, vehicle expenses, labour and hired services--at a time when it should be cutting costs.
Vice President of Transmission and Distribution, Darren Murphy, says they have already cut some costs-- but-- he won't compromise service or the environment to save money.
NB Power is trying to justify a three per cent rate increase at an Energy and Utilities Board hearing underway at the Delta. The utility is forecasting a 94 million dollar loss this year. Chartered Accountant, Andrew Logan, says there is nothing in the evidence to show the loss is not accurate.
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