(Premier Shawn Graham)
(File Photo)
Details of the new look deal between NB Power and Hydro Quebec has been presented in Fredericton and instead of selling all of NB Power, pieces of the public utility will be sold. Hydro-Quebec will purchase all of the hydro-electric facilities and Point Lepreau for $3.2 billion. The Province retains ownership and control of the utility including transmission and distribution functions. Premier Graham says the Government has listened and acted.
Graham adds the ""do-nothing"" approach by the Conservatives and other political opponents involves far greater risk for everyone in the Province.