N.B. premier fires back at N.L. on power deal
Last Updated: Friday, December 4, 2009 | 5:46 PM NT
CBC News
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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
New Brunswick Premier Shawn Graham has fired back at the premier of Newfoundland and Labrador over the proposed sale of NB Power.
Graham says Danny Williams should stop engaging in "cheap publicity stunts" to try to stop the $4.8-billion deal between NB Power and Hydro-Québec.
On Thursday, during a speech in Calgary to a business group, Williams said Hydro-Québec will use the New Brunswick grid to block his province from selling electricity into the U.S. He recently gave a similar speech in New York.
'Danny Williams is calling on us to provide an open market — something that is very clearly a part of the proposed agreement already — when he does not even practise what he preaches.'—N.B. Premier Shawn Graham
Graham described Williams's position as "ironic," saying Newfoundland doesn't treat New Brunswick fairly in bidding on offshore oil contracts.
"Danny Williams is calling on us to provide an open market — something that is very clearly a part of the proposed agreement already — when he does not even practise what he preaches," Graham said Friday during a news conference.
"In Newfoundland's offshore projects, New Brunswick companies line up — this is important to note, they line up — behind Newfoundland providers for scraps left by local preferences on construction projects and labour needs."
Williams has asked Graham for a written guarantee that Newfoundland will be able to build a transmission line through New Brunswick.
Graham said New Brunswick is open to that if Newfoundland follows the rules. But he also said Williams's demand for agreements before the NB Power sale closes amounts to a request for special treatment that the rules don't allow.
Under the proposed deal, expected to be completed in March, Hydro-Québec would pay $4.8 billion for most of NB Power's assets, a sum that would wipe out the utility's debt, Graham has said.
In addition, industrial power rates would be reduced by about 30 per cent, to the same level currently paid by Quebec companies, while residential customers would have their rates frozen for five years.
The New Brunswick government values the rate savings at $5 billion.
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