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Thursday, April 3, 2014

Ice Storm Will Take Chunk From NB Power's Bottom Line

NB Power's finances will be taking another hit because of the second ice storm in the Moncton region and the Premier admits this stormy winter is causing unsettling financial issues.

The clean-up costs for the December ice storm that ravaged the Kennebecasis Valley and Kingston Peninsula in December came to $12-million with 88 thousand restorations.

The most recent storm saw 75,000 restorations with more than 100 crews working on the outages, mostly in the Bouctouche and Shediac areas.