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Sunday, June 20, 2010

NB Power Set To Be Grilled On Raising Rates

As the Energy and Utilities Board gets set to begin a hearing for the proposed 3% increase by NB Power, a big number is being thrown around by the Conservatives. Leader David Alward tells CHSJ News, the public utility is showing a hefty profit for the past year of close to 70 million dollars.
A hearing isn't required for a three per cent increase or lower but Provincial Energy Minister Jack Keir has asked the E-U-B to review the rate hike. Saint John Energy announced it's rate is up by three per cent as of the first of the month. The hearing gets started tomorrow morning at the Delta.