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Monday, December 21, 2009

Property Owner Considering Going Back to Oil

With Enbridge Gas New Brunswicks proposal to increase distribution rates in the province, several businesses are speaking out about negative affects.

President and CEO of Killam Properties Philip Fraser says Enbridge isn't improving the distribution lines enough to justify increasing the rates.
Fraser says he has properties in other provinces, and it's a lot cheaper to use natural gas elsewhere.
Fraser says his company has been looking at converting back to oil over the last month, and says in several cases they've already switched. He says if the proposal is accepted by the EUB, Killam Properties has a concrete plan to convert buildings back.