Quebec and New Brunswick reached a proposed deal that would see Hydro-Québec buy the majority of NB Power's assets for 4.8 billion dollars. New Brunswick Premier Shawn Graham and Quebec Premier Jean Charest made the announcement October 29th. Graham said the agreement would mean lower power rates for New Brunswick. (The deal was contingent on legislative approval in New Brunswick.)

Date: 2009-10-29
Placeline: FREDERICTON, New Brunswick.
Source: The Canadian Press
Length: 12 seconds

Transcript Prediction: << about 5 billion dollars worth of lower rates with 60% of the reductions going to residential and small business customers >>

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