Electricity rates in the province will be going up by three per cent if NB Power has its way.
Interim President Gaeten Thomas says a cost-reduction program will be brought in by the end of June and includes reducing management and administration jobs by about 100. Thomas estimates this will save $20 million a year.
Opposition Leader David Alward questions why the rates have to go up at all.
The proposed sale of many of NB Power’s assets to Hydro-Quebec was supposed to eliminate any increase and freeze rates for residential customers for five years but that deal fell apart last month.
