A little background from the Globe and Mail on why Hydro Quebec wants to buy NB Power:
This comes as U.S. officials pressure eastern Canadian utilities to merge, a move that would make it easier to co-ordinate production and transmission of electricity to the eastern United States. Given that the region's most important source of electricity is Hydro-Québec, U.S. officials are eager to see it take over its smaller rivals in the Maritimes, the government official said.
Full analysis here. This is a very, very bad move, selling public assets. Contact your MLA and the Premier and tell them they don't have the authority to sell NB Power without a public debate. All it is going to take to stop this deal is for a couple of Liberal MLA's to cross the floor and trigger an election. The consequences are going to be enormous, and shady backroom deals are never in the interest of regular people - our residential rates are not going to decline under these terms of sale.
1 comment:
Amy, I don't like the way this is unfolding either. Nonetheless, I'm trying to look at the pros and cons of the deal and the Facebook group that I started is trying to do just that.
I do think that too much of this deal occurred in the back rooms before it became public. However, we all owe it to ourselves to educate ourselves and develop informed opinions. I have plenty of reservations about the deal, but I'm not going to condemn it immediately either.
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