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Energy and Utilities Board should not approve NB Power's rate increase
Petition Background (Preamble):
NB Power's three primary arguments for their rate increase were losses due to the orimulsion deal falling through, rising fuel prices, and a demand from the Liberal government to "break even" in their next fiscal year.
With them getting a settlement from Venezuela, fuel prices (both raw and refined) and projected futures 20% lower than this time in 2006, and the fact that they pulled in a surplus of $21 million for last fiscal year, all three of the reasons for their request for a rate hike are now invalid.
In addition, it should have the "interim" rate hike immediately revoked and all money collected from customers during this interim period should be returned to the customers from whom it was taken.
The Energy and Utilities Board should not approve NB Power's rate increase petition to NB Power and the NB Energy and Utilities Board was written by Darren MacKenzie and is in the category Consumer Affairs at GoPetition. Contact author here. Petition tags: nb power, eub, rate hike, rate increase, interim rate increase