Paying More For Power This Fall

You'll have to pay 2 per cent more for the electricity you use beginning on October 1st. That word from NB Power following rates being frozen over the past 40 months at their June 2010 levels.
 
NB Power says it has eliminated 300 jobs, frozen salaries, successfully reduced operating costs by $47 million annually and had record earnings. 

NB Power President and C-E-O Gaetan Thomas claims another $20 million in yearly cost savings have been identified with plans calling for the utility's debt to be lowered by $1 billion in the next 10 years.