NB Power sale to Hydro-Quebec delayed

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The multibillion-dollar sale of NB Power assets to Hydro-Quebec has been delayed by nearly two months, a move the New Brunswick government said will allow the public to air their concerns even as it declared the sale a done deal.Energy Minister Jack Keir said the government would table legislation to sell 10 of NB Power's energy plants around the end of March in an effort to finalize the $3.2-billion agreement before the end of May.

Keir said the government is trying to be as open and transparent as possible before proceeding with the sale.

But he added that negotiations with Hydro-Quebec are complete and that any debate in the coming weeks would not result in any changes to the final wording of the contract.

Quebec expressed optimism the deal would still go through, but a spokesman for Natural Resources Minister Nathalie Normandeau suggested the government was told of New Brunswick's announcement at the last minute.

This consultation was announced to us today,Christian Tanguay said Friday. This delays things a bit.

Organizations: Hydro-Quebec, NB Power

Geographic location: Quebec, New Brunswick

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