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N.B. gas plant needed to avoid blackouts by 2028, utility executive says – New Brunswick | Globalnews.ca – Cash My Currency- Financial Updates | Business Blog Post | Financial Guest Posting Services

N.B. gas plant needed to avoid blackouts by 2028, utility executive says – New Brunswick | Globalnews.ca

N.B. gas plant needed to avoid blackouts by 2028, utility executive says – New Brunswick | Globalnews.ca

The CEO of New Brunswick’s electricity utility says its proposal for a natural gas-powered generating station remains the best option for avoiding blackouts within the next two years.

Lori Clark told a legislative committee this morning that the project was fast-tracked with customers’ best interests in mind.

She says the Crown corporation changed its regular approval methods to speed up the project.

Clark’s comments come after the province’s auditor general issued a scathing report about the project, saying NB Power made poor choices as it moved ahead with the proposed plant.

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Paul Martin said NB Power exposed itself to millions of dollars worth of risk as it sped through a proposal process.

The 500-Megawatt natural-gas-and-diesel plant received regulatory approval in May.

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The project, however, still requires a green light from the province’s Liberal government, which is conducting an environmental assessment.


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