FOR IMMEDIATE RELEASE
29 NOVEMBER 2011

AIMS Contributor highlights weaknesses in new plan for N.B. Power

 

Halifax: Atlantic Institute for Market Studies (AIMS) contributor Gordon Weil is proposing revisions to the new plan for New Brunswick Power in his latest AIMS commentary, A New Plan for N.B. Power.

In October, the new plan for N.B. Power was released. It is contained in the “Energy Blueprint”, covering a ten year period. The three-year “Energy Action Plan” outlines the immediate actions to start the process of fulfilling the Blueprint’s objectives. Weil’s commentary deals with the measures relating to N.B. Power, in the Energy Action Plan.

For about 20 years, New Brunswick has been trying to choose the model for N.B. Power. “The province’s electric utility has gone from a regulated monopoly to a corporation ready to play in the competitive market,” says Weil. “Throughout, N.B. Power’s debt has climbed.”

In A New Plan for N.B. Power, Weil sheds light on the negative – and a few positive – aspects of the proposed Plan. “The principal drawback of the Plan is that it is likely to promise more than it can produce if there are not further measures beyond those proposed,” says Weil. Read the full commentary to see Weil’s proposals to expand the New Plan.

Click here to read A New Plan for N.B. Power.

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For more information, please contact:

 
Gordon Weil
Contributor
Atlantic Institute for Market Studies
gordon.weil@weilnet.com
207.841.0334

Charles Cirtwill
President and CEO
Atlantic Institute for Market Studies
charlescirtwill@aims.ca
902.429.1143 ext. 225