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NB Power management at fault for missed debt targets, says auditor general Robert Jones © Michel Corriveau/Radio-Canada Auditor General Kim MacPherson says NB Power failed to meet financial targets year after year by engaging in optimistic and inaccurate forecasting of utility expenses. Wishful thinking and poor forecasting have led NB Power to consistently miss profit and debt reduction targets in recent years with major new expenditures on the horizon, according to an unflattering assessment of the utility s financial management by New Brunswick Auditor General Kim Adair-MacPherson. It is ultimately management s decision to reduce debt, said Adair-MacPherson, in a 65-page review of the utility she presented to MLAs on Tuesday.

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