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.
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