01 November 2009

NB Power Collection

Following are links to some stories on the memorandum of understanding to sell  of NB Power to Hydro-Quebec:

1.  There’s strong positive reaction side Quebec to news of the MOU.  La Presse Canadienne from metromontreal.

2.  A 30% drop in electricity rates could save the Edmundston pulp and paper mill.   Bet people in Corner Brook would be looking hard at that right now if they were in the same spot, not to mention what would have happened in Stephenville or Grand falls-Windsor under the same circumstances.

3.  NB Premier Shawn Graham accuses NB Opposition leader …err…Newfoundland and Labrador Premier Danny Williams of misleading the people of New Brunswick.  From the Gleaner.

4.  A long term rate cap is needed in New Brunswick, according to some analystsConsidering the province has the highest residential electricity rates in Canada that would seem to be a good point. maybe opponents of the deal – including the gigantic facebook site  - could explain how to keep NB Power and lower public debt and reduce rates simultaneously.