New Brunswick auditor general says NB Power must make debt reduction a priority
FREDERICTON — New Brunswick's auditor general says NB Power needs to make reducing its $4.9-billion debt a priority, adding that credit rating agencies are taking notice of the utility's liabilities.
Feb 23, 2021 11:03 AM
By: Canadian Press
FREDERICTON — New Brunswick's auditor general says NB Power needs to make reducing its $4.9-billion debt a priority, adding that credit rating agencies are taking notice of the utility's liabilities.
Kim Adair-MacPherson tabled two volumes of her annual report Tuesday as she appeared before the legislature's public accounts committee. She said NB Power has the highest debt-to-equity ratio of all government-owned utilities in Canada.