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Friday, August 30, 2013

NB Power Earnings Released

Another good financial year for NB Power.........For the third consecutive year, NB Power is reporting positive financial results with net earnings of $69 million in 2012-13. 

By comparison, in 2011-12, net earnings amounted to 173 million dollars and in 2010-11, the crown corporation finished the year with net earnings of 67 million dollars. 

NB Power's debt at the end of the year rose by about $180 million to $4.7 billion.