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Thursday, January 17, 2013

Verdict In Point Lepreau Hearing Could Be Reached In A Few Weeks

Closing arguments by NB Power's legal counsel wrapping up the 5 day hearing into the deferral account and cost overruns for the Point Lepreau Nuclear Generating Station.

The hearing covered how much is in the deferral account and how long the plant is expected to run. NB Power's legal counsel John Furey summarized internal and expert reports showing NB Power did its duty to incur accurate costs and didn't charge more than necessary.

The EUB will spend the next several weeks reviewing evidence before rendering any decisions.