Wednesday, November 11, 2009

Province Can't Take All the Blame for Point Lepreau Refurbishment Cost














[Energy Minister Jack Keir----File Photo]

If the proposed deal between NB Power and Hydro Quebec goes through there could be some energy rate increases during year six. That according to energy minister Jack Keir--- who says the replacement fuel costs at Point Lepreau may increase energy rates after the 5 year freeze. Keir says Atomic Energy of Canada and Ottawa need to take responsibility for some of the cost. He adds AECL has said the project schedule was too optimistic, there wasn't enough prep work done and hindsight is 20/20:
As of right now the refurbishment is 18 months behind schedule.