Would you sell something that posted a profit of $70 million dollars? That is the latest question for the Premier surrounding the proposal between NB Power and Hydro Quebec. The public utility posted that huge number for it's bottom line but Shawn Graham tells Tide News, you have to take into account the over $200 million dollars borrowed and booked as revenue to pay for replacement power costs due to the upgrade at Point Lepreau.
President and CEO of NB Power David Hay has declined an interview with our newsroom to discuss the proposal saying this is a decision for politicians. Graham agrees saying Hay is busy enough with the refurbishment at Point Lepreau and remains focused on his job.
