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Sunday, May 16, 2010


(File Photo)
As N-B Power deals with the delays and cost overruns of the Point Lepreau reactor upgrade -- the utility is looking at another major project.

Energy Minister Jack Keir says financing the upgrade of the Mactaquac Dam above Fredericton is a significant challenge, but he says time is on our side because the work isn't scheduled to be required for another 25-years.

The estimated cost of repairs was one of the major stumbling blocks which led to the collapse of the proposed sale of most of N-B Power's assets to Hydro Quebec.