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Wednesday, February 24, 2010

Provincial Energy Minister Wants Rate Increase Delayed

(Provincial Energy Minister Jack Keir)
(File Photo)

Provincial Energy Minister Jack Keir says more details about how the government plans to proceed with the N-B Power deal will be announced on Friday.
In the meantime, Keir is asking N-B Power to delay a three per cent rate hike on April 1st if he's unable to finalize the deal with Hydro-Quebec by the end of next month.
Keir says the 3.2 (b) billion dollar plan to sell 10 power plants is a complicated agreement and there's a chance it may not be finalized by March 31st.
Opposition energy critic Bruce Fitch says Keir's request just shows the government is flying by the seat of its pants with the power deal.