NB Power has a bright future under the revised agreement with Hydro Quebec.
That word from Ed Barrett, a member of NB Power’s Board of Directors. He tells CHSJ News there was no goverment pressure on the board to come out in support of the deal and it would be unfair to blame outgoing C-E-O David Hay for NB Power’s massive multi-billion dollar debt.
Barret credits Hay with the settlement he helped achieve on the Orimulsion deal.
Barrett says the settlement was beneficial to the province. He also tells us a permanent replacement for Hay will not be made until after the proposed agreement with Hydro Quebec is approved.
NB Power’s Board of Directors not pressured to support deal
