The New Brunswick government has unveiled its action plan following the review of NB Power, which defers much of the large scale financial restructuring and sustainability recommendations. It said it has accepted all the recommendations, acting on 44 of them in the immediate, short and medium term, while six others require further analysis. “Over a […]
Read More
Three people entrusted with comprehensive review of NB Power were named on Friday. As NB Power projects “significant” rate increases, the Holt government announced a three person team in-charge of leading a comprehensive review of the debt-laden NB Power. The team includes; Michael Bernstein and Duncan Hawthorne, former energy sector executives, and Anne E. Bertrand, […]
Read More
Irving Paper is laying off 140 employees as the company shuts down 50 per cent of operations at its Saint John mill. The company blames the province’s uncompetitive industrial electricity as the reason for the permanent shutdown, announced on Monday. Mark Mosher, the vice-president of Irving Pulp & Paper, said the move is “necessary to […]
Read More
