The news is not good for residential, commerical and industrial users of Saint John Energy.
The utility has announced that on June.1st, it is raising it's rates by three per cent.
This is in conjunction with the three per cent increase that NB Power has applied for.
President and CEO Eric Marr tells CHSJ News, those rates represent 85% of the utilities cost and three per cent is large amount of cash and the only way to recover it is through the rate-payers.
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