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Wednesday, February 24, 2010

Atlantica Centre For Energy Weighs In On NB Power Deal


The Atlantica Centre for Energy likes what it sees in the revised agreement for bits and pieces of NB Power to be sold to Hydro Quebec. The Centre's Vice-President John Herron tells CHSJ News they do have a concern about getting a commitment from Hydro Quebec about growing the energy hub in Saint John. Another concern is future price increases being tied to the consumer price index. Herron says Atlantica would like to have any future price rise tied to the increases paid by Quebecers.
Herron says the centre believes all electricity users in the province will benefit from lower rates and industry will be more competitive.