My comments in the Montreal Gazette this a.m. While unfortunate, I do think that some people (hopefully not the opposition) will try and whip up anti-Quebec and anti-French rhetoric to try and scuttle the NB Power deal. I hope there is rigorous debate – but around the real issues.
I read the MOU and the broad strokes of the deal confirm that I think it is a good opportunity for New Brunswick. Some of the language around the amount of power at the L and M rates needs to be fleshed out – I don’t know if 4.5 TWh is the right amount for industrial users for example.
The government has calculated that the rate savings to residents and businesses will amount to $5 billion.
One of the funny things about this deal is the hue and cry about ownership of the electricty grid and generation facilities.
Fortis (a private company) owns Maritime Electric.
Emera (a private company) owns Nova Scotia Power.
Newfoundland Power is owned by Fortis (a private company).
What did you say about public ownership of critical public infrastructure?
Electric utilities will always be under a regulatory environment and the province writes the regulation but I think it is downright weird for anyone in the other three Maritime provinces to lecture us about the government ownership of our utility when they don’t have government ownership.