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Monday, November 26, 2012

NB Power Aims To Reduce 1 Billion In Debt

NB Power is looking at a number of ways to slash a billion dollars in debt.
 

NB Power's President telling a Saint John business audience it plans to do that in a number of ways including pilot programs and smart thermostats.
 

Gaetan Thomas says their rates forecast is based on an escalation factor, which is close to what is expected for the next 3 to 5 years.

He adds no one can predict oil prices 10 years down the road, which makes Point Lepreau valuable it's more predictable and less volatile.


The cost of energy shifts dramatically with 6 to 9 cents per kilowatt hour in non peak times versus 20 cents a kilowatt hour in peak times.