Thursday, October 29, 2009

Hydor Quebec To Buy New Brunswick Power

The turbines at at Point Lepreau Nuclear Generating Station in New Brunswick.
Photograph by: Noel Chenier, Telegraph-Journal

Hydro-Québec To buy Most Of NB Power's Assets For $4.75B -- Montreal Gazette

Hydro-Québec is to pay $4.75 billion for the bulk of New Brunswick Power Corp.'s assets in an expansion that will increase its heft and boost its potential to export electricity.

Once the deal – made public Thursday morning – is approved, Quebec’s public utility will acquire NB Power’s distribution network and grid, including its interconnections to the U.S. and Atlantic Canada, along with its hydro-electric assets and a few diesel turbines.

Read more ....

Update #1: Quebec, N.B. strike $10B deal for NB Power -- CBC
Update #2: Hydro-Quebec to buy New Brunswick Power for $5B -- CTV

My Comment: So .... when my rates go up to pay for this purchase I should feel better? From where I stand, there is no benefit (to me) as a Hydro Quebec consumer from this purchase.

1 comment:

abinass said...

Autoindya provides Car or Motorcycle model you are looking for- a fuel-efficient and value for money vehicle or a power packed, href =<"">buy new car sizzling hot model. Compare here and find out yourself