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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
The NB Power deal with Quebec continues to be unpopular - even among some of the people Premier Shawn Graham says it's designed to help.
Graham has said the $3.2 billion-deal will help preserve jobs in forestry towns through lower power rates for industry, but some people in Nackawic aren't convinced.
"Oh it's a pretty good idea, but I think there's a better way to cut our power rates besides selling out our assets," said Steve Seleck, who works at the AV Nackawic mill.
Chris Lagacy contends any jobs saved at the mill, where he does occasional carpentry work, will be offset by NB Power job losses.
'They're giving rebates to places like McCains, Irvings, all these mills. What about us lower-class people, or middle-class people?'—Andy Lindsay, Nackawic resident
"Pretty well everybody you talk to is against it," he said.
Under the proposed deal, Hydro-Québec will take over the majority of NB Power's generation assets, but the province will maintain control of transmission and distribution.
New Brunswick's residential ratepayers will get a five-year rate freeze. Medium-sized industries will see a roughly 15 per cent cut in power rates and will have those rates locked in for five years while large industrial customers will see their power prices fall by roughly 23 per cent.
After five years, rates will increase with inflation and be regulated by the New Brunswick Energy and Utilities Board.
Industry big winner
Andy Lindsay, who works at the convenience store closest to the Nackawic mill, said it's not right that industry is getting a rate cut while people like him will only get a rate freeze.
"They're giving rebates to places like McCains, Irvings, all these mills. What about us lower-class people, or middle-class people?"
Lindsay doesn't buy the argument that the rate savings will trickle down to help preserve mill jobs.
He said a lot of industry jobs were created with government subsidies and now government is taking more from ordinary people to preserve them.
On Feb. 26, the Graham government said it will hold a full public debate on the controversial deal, but House Leader Greg Byrne said the public consultations won't lead to any changes in the agreement itself.
The full text of the agreement with Quebec, and legislation to enact it, will be introduced in the legislature by the end of March. The March 31 deadline to sign the agreement has been pushed back until May 21.
The deal was watered down from the original $4.8-billion deal announced in October after a public outcry and open dissent within the Liberal caucus.
The Opposition contends the government doesn't have a mandate to sell the majority of NB Power's assets and the public deserves to have a voice on the issue through a referendum, or the deal should be delayed until after the Sept. 27 provincial election.
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