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Tuesday, January 26, 2010

Saint John Energy to Receive Tax Rebate


[Energy Minister Jack Keir----Photo by Dave Briggs]
Saint John Energy and other municipal utilities will receive a million dollar a year rebate each year on their utility taxes to help them cope with a five year rate freeze as part of the deal to sell parts of NB Power to Hydro Quebec. Provincial Energy Minister Jack Keir says this answers their big concern.

Mayor Ivan Court, who has been silent on the proposed agreement, is now voicing his support saying it will be good for the city.