Provincial Energy Minister Before the Board of Trade

Provincial Energy Minister Jack Keir is expected to make the case this morning for the revised, downscale version of the NB Power deal with Hydro Quebec before the Saint John Board of Trade. Keir says one big concern he has heard is who will control energy policy in the future. Keir says the province retains control of both the transmission and distribution systems as well as regulating rates. As such, he argues consumers should not fear huge rate increases after the five year rate freeze comes to an end. Keir vows you will see more projects in the Saint John energy hub with lower power rates and reduced taxes.
The Board of Trade expressed some concerns about the original proposal but has not staked out a position yet on the revise 3.2 billion dollar agreement.