Thursday, December 17, 2009
The Hydro Quebec - New Brunswick Electrical Deal -- A Commentary
Hydro-Quebec’s planned purchase of NB Power only looks good until you factor in all the hidden costs.
Hydro-Quebec has agreed to buy most of NB Power’s assets for $4.75-billion, according to a memorandum of understanding signed at the end of October. Unfortunately, the government-owned electric utility has not proven that the proposed transaction is a good deal for Quebec. Rather, my analysis tends to show that the opposite is true.
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My Comment: A well researched article ... a must read if you are a Hydro Quebec customer.