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Monday, April 4, 2011

Warning For Taxpayers About Point Lepreau

A warning from the Conservation Council of New Brunswick about how much Point Lepreau will wind up costing provincial taxpayers.

 The Conservation Council's Raphael Shay tells CHSJ News there's the 400 million dollar yearly payment to Atomic Energy of Canada but that's not all. The additional expenditures are being deferred and when the time comes to pay up, Shay is predicting power rates will have to go up.

A select committee on Point Lepreau has been formed by the Premier to review the financial side of things.