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Monday, December 2, 2013

NB Power Is Doing Better

NB Power is reporting better financial numbers with year-to-date earnings rebounding to $5 million and the utility will be paying down its debt by $39 million. 

The better numbers being attributed, in part, to all that rain we got over the summer to generate more hydroelectricity with out of province revenue going up by 32 million dollars. 

We're also told the Point Lepreau nuclear plant, following a planned maintenance outage in October, is now operating at 100 per cent capaciy.