Large NB Power rate increase is not in public s interest, says utility expert cbc.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cbc.ca Daily Mail and Mail on Sunday newspapers.
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.
Opponents of N.B. Power's proposed 8.9 per cent rate increase say updated financial estimates filed at its ongoing rate hearing over the objections of the utility prove most of the increase is not needed. A two per cent change would be enough, they say.