I reported recently on NB Power’s unusual and aggressive practice of charging the cost of replacement power incurred during the refurbishment of the Point Lepreau Candu nuclear station to future generations of consumers. I should also have reported that future consumers in neighbouring PEI are going to get hit by the same stunt.
NB Power’s troubled nuclear power program is about to have a dramatic impact on the utility’s profitability and provincial power rates. After pursuing an aggressive accounting policy that hid from ratepayers about a fifth of the province’s wholesale electricity costs over a period of more than 4 years, NB Power is now showing the bill to …
Continue reading ‘Bill the Children: NB Power’s Solution for Hidden Nuclear Costs’ »
Congratulations to NB Power for starting to issue quarterly financial reports. The utility’s first quarterly statement can be found here. I have been arguing publicly, including in appearances before the Crown Corporations committee of the Legislative Assembly, for this improvement in transparency since 1996. The only remaining major utility in Canada that does not issue …
Continue reading ‘Congratulations to NB Power for Starting to Issue Quarterly Financials’ »
Here is an interesting survey of energy developments in New Brunswick.
Here a two recent news reports discussing the future of controversial shale gas development and very challenging distribution cost problems in New Brunswick.