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Wednesday, January 27, 2010

Revised NB Power Gets Examination

The Atlantic Institute for Market Studies had an energy expert in Maine examine the new Memorandum of Understanding to sell NB Power's assets to Hydro Quebec. Gordon Weil of Standard Energy says the deal has improvements over the original proposal. A.I.M.S. President Charles Cirtwell tells CHSJ News the fact is the Liberal goverment has a majority and if it wants it passed it will be done. Without staking out a position on whether or not the proposed agreemwent should be approved, Cirtwell says Weil is still concerned over an inevitable price hike for consumers in year six of this deal after the rate freeze comes to an end.