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Monday, July 12, 2010

EUB Says Disco Increase Was Unnessary

If seems the Province's Energy and Utilities Board agrees with the critics and that NB Power's distribution wing did not prove it's case in hearings last month justifying a 3 per cent rate increase that came into effort on June 1st wasn't necessary.

The EUB's released a report to Energy Minister Jack Keir on its website late today.
It says they are not convinced that information given by Disco on the the precise amount of earnings of 28.3 million dollars for 2010 and 2011 is necessary.
Our newsroom contact NB Power for comment, they are reviewing the document and will issue a response tomorrow.