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Tuesday, August 24, 2010

Marr On Rate Freeze

Eric Marr is the President of Saint John Energy and says customers will likely be a happy if there's a three year rate freeze.

He says that's one less bill that doesn't increase on you, however, NB Power is always faced with increased costs the freeze has to be feasible. 

Marr says rates will have to rise at some point to get the revenue stream that NB Power needs to keep their debt in control.