The Provincial government has announced it’s delaying the $3.2-billion sale of NB Power assets to Hydro-Quebec for nearly two months.Energy Minister Jack Keir says legislation to sell the utility will be filed around the end of March and then a committee of members will have more than 30 days to examine the final deal. There will be televised hearings be held at which members can call expert witnesses.Keir claims the government is trying to be as open and transparent as possible before proceeding with the sale.
Government house leader Greg Byrne says the debate will help explain the deal but won’t change the terms of the contract being signed with Hydro-Quebec. He says the government now hopes to approve the legislation by May 21st.
NB Power Sale Delayed For Two Months
