Leftnews.org - News and Views From The Left




small leftnews


Creative Commons License

It’s going to be a tough sell | Telegraph Journal

Posted by Faiz on November 9th, 2009

Hassan Arif has pointed to a flaw in the only “direct benefit” the New Brunswick government has promised New Brunswickers from the sell-off of NB Power.

“A proclaimed benefit of the deal is that “residential, commercial and wholesale” rates will be frozen for five years and industrial rates will be reduced to the lower Quebec rates. However, there are several loopholes to this in the memorandum of understanding, one of them being the “heritage pool supply,” which is the amount of electricity allocated to New Brunswick by Hydro-Québec under the deal.”

One Response to “It’s going to be a tough sell | Telegraph Journal

  1. Bill Says:

    Who were the monkeys that negotiated this deal?

Leave a Reply

XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>