In 2010, the New Brunswick government tried to sell NB Power. Then, it tried to sell “just” the hydro-electric power facilities and the Point Lepreau Nuclear Generating Station (PLNGS). The ensuing public outcry forced the government to back down. This year, the PLNGS is again for sale as well as all of the wind power in New Brunswick.
NB Power and Ontario Power Generation (OPG) are negotiating a deal, which could result in their joint ownership of the PLNGS. The resulting power purchase agreement could force New Brunswick customers to pay for expensive nuclear power for decades depending on the terms of the arrangement which, of course, are being negotiated in secret. New Brunswick would lose the option to fully shift to less expensive renewable energy.
Read the full article by CRED-NB core member Tom McLean, published in the NB Media Co-op HERE.