The hearing is looking at the deferral account for the Point Lepreau nuclear refurbishment and its cost overruns of a billion dollars.
An economist who specialises in energy, Kurt Strunk charges there are a number of violations. He says, "In my pre-filed evidence, I identified two areas where the deferral account has not been made in compliance with the act and associated regulations, leading to inaccurate amounts being presented to the board."
Strunk charges the figures in the deferral account are not accurate. "NB Power neglected to apply the necessary manual adjustments to all units and all time frames during the deferral period. Infact, there are several months in which NB Power appeared to have ignored there own guidelines."
On the other hand, Deloitte and Touche, testified that, based on the samples reviewed, NB Power's costs in reference to the deferral account are accurately recorded.
