The New Brunswick Energy and Utilities Board has declined to award N.B. Power the 8.9 per cent rate increase it was asking to impose April 1, and may cut it by as much as half, according to one estimate of a partial decision in the matter released by the board this week.
N.B. Power's request for an 8.9 per cent rate increase enters its final phase in Fredericton today with closing arguments in front of the New Brunswick Energy and Utilities Board. Stiff opposition, led principally by J.D. Irving Ltd., has left the outcome in some doubt.
A surprise revelation that N.B. Power internally updated estimates about how much its power generation and purchase costs are likely to be in the coming year and did not disclose at a rate hearing now going on has triggered an order from the Energy and Utilities Board to produce the material.
As CAO results are awaited by students across the country, a successful businessman has urged students not to stress over CAO places as he regularly hires peopl.