Linked Header

Sunday, May 9, 2010

Energy Minister speaks on rate hike













(Energy Minister Jack Kier)
       (File Photo)

Home and business owners are growing concerned with what's going on at Point Lepreau with a three per cent rate hike by NB Power set to be reviewed by the Energy and Utilities Board next month.

Refurbishment costs continue to balloon as does the schedule as problems arise with no solutions.

Energy Minister Jack Keir says the $475 million dollar over-run to the deferral account and million dollars a day for replacement power hasn't been included in any increase to this point.

Minister Keir adds taking Atomic Energy of Canada to court to re-coup some of the costs is still a possibility.