Thursday, November 19, 2009

Sale of NB Power

From the Chronicle HErald

Is 'Hydra'-Quebec eyeing NSP?
>
> The purchase of New Brunswick Power by Hydro-Quebec, now being debated in
> the New Brunswick legislature, has implications for electricity security
> in Nova Scotia, where a similar transaction would complete the
> transformation of the electricity industry from a publicly-owned utility
> to a regional monopoly owned by a multinational corporation, headquartered
> in another jurisdiction.
> In Nova Scotia, this metamorphosis from local to absentee control has
> proceeded without adequate public representation during any of its
> component transactions, starting with the 1992 sale of publicly-owned Nova
> Scotia Power Corporation to the private sector through secret negotiations
> by provincial politicians.
>
> Read the full story at http://thechronicleherald.ca/Letters/1153457.html
>

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