N.B. may abandon NB Power sale: Tory MLA
Last Updated: Thursday, January 14, 2010 | 7:30 PM AT
CBC News
IN DEPTH: NB Power sale
Internal links
- SPECIAL COVERAGE: Power Play website
- Quebec balked at NB Power sale costs
- Reaction from NB Power deal collapse
- NB Power deal collapse could hurt jobs
- Quebec's NB Power deal cut to $3.2B
- Province retains control of NB Power in revised deal
- 3 Liberal ministers won't vote for NB Power deal
- Hydro-Québec should not fear changes to NB deal: expert
- Quebec minister changes tune on NB Power deal
- NB Power deal has 'out' clause: energy minister
- Hydro-Québec CEO speaks to Saint John business group
- NB Power controversy helps PCs: poll
- Power rate savings overblown
- Cabinet minister clarifies his NB Power view
- Irving firms benefit from NB Power deal
- N.B. throne speech pushes NB Power sale
- Lord government considered NB Power sale
- N.B. Liberals critical of NB Power deal
- McKenna hails NB Power sale as 'courageous'
- Power rate hikes could pass inflation after 2015
- Hydro-Québec CEO says rate structure not his idea
- Mactaquac Dam could cost NB Power ratepayers
- Industry big winner in NB Power sale
- Energy minister defends NB Power sale
- Long-term power rate cap needed: analyst
- Opposition demands election over NB Power sale
- Dalhousie mayor wants help over power plant closure
- Quebec, N.B. strike $4.8B deal for NB Power
- Energy deal must bring N.B. lower rates: Graham
Audio
- N.B. Liberals at a weekend party conference take questions for 90 minutes on the proposed sale of NB
- Liberal Kelly Lamrock discusses his views of the proposed NB Power deal
Photo gallery
Video
External links
- NB Power's website
- Hydro-Québec's website
- Government of New Brunswick: Lower Rates for New Brunswickers' website
- DOCUMENT: Memorandum of Understanding for proposed NB Power sale
- DOCUMENT: Assessment of the Rate Impacts of the MOU between N.B. and Quebec regarding NB Power
- FAQS: Government of New Brunswick on proposed NB Power sale
- TIMELINE: Government of New Brunswick on proposed NB Power sale
A Progressive Conservative MLA is predicting that the New Brunswick government is going to abandon the deal it made with Quebec to sell NB Power to Hydro-Québec.
Liberal Premier Shawn Graham has been shifting his rhetoric about planned changes to the deal, said Paul Robichaud.
"I will probably not be surprised to see the government pulling the plug on the MOU [memorandum of understanding] they signed last fall," he said.
'A few weeks ago, this was a deal for a lifetime...Now, it appears he's prepared to tear the deal up.'—Opposition leader David Alward
Graham has promised that New Brunswick will retain control over its energy when NB Power is sold to Hydro-Québec, but this week, he started talking about ownership.
"The ownership and control of our energy system has been an issue that's been paramount, and our government will address that," he said Wednesday in question period. "The ownership and control of our energy system will remain in New Brunswick."
Robichaud pointed to another comment Graham made during question period: "If any legislative requirements are needed, Mr. Speaker, they'll be brought forward to this chamber."
Any sale would require legislation, said Robichaud. And before Christmas, the Liberals said there would be legislation.
Opposition Leader David Alward also believes the deal is falling apart. "Is the sale of NB Power dead or not?" he asked in the House Thursday.
Graham's response was that the government is continuing to negotiate with Quebec and is listening to feedback from the public.
Outside the legislature, Alward told reporters he believes the government is just trying to save face.
"A few weeks ago, this was a deal for a lifetime. He said it was the best deal for New Brunswickers," Alward said. "Now, it appears he's prepared to tear the deal up. What's evident today [is that] he's not denying what's going on."
An aide to the premier told reporters that Graham had to attend an important meeting after the legislative session and could not meet with them.
Francophone association weighs in
Under the proposed deal, expected to be finalized in March, a majority of NB Power's assets would be sold to Hydro-Québec for $4.8 billion, which would erase the utility's debt.
Hydro-Québec promises to freeze residential rates in New Brunswick for five years and immediately cut large industrial rates by about 30 per cent to the levels paid by similar customers in Quebec. That component of the deal is worth an estimated $5 billion to NB Power customers, the government has said.
The Association of Francophone Municipalities plans to take a stand on the deal, said Edmundston Mayor Jacques Martin.
Association members met Wednesday night to discuss the issue, but want to review the memorandum of understanding more closely and hold more consultations before expressing their concerns to government, he said.
"Hopefully by the end of the month or at the proper time, we'll be able to sit down with the premier and the minister of energy and hopefully see if some of our recommendations should be inserted in the document."
The deal is complicated and will have widespread effect, Martin said.
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