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.
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