The Canadian Press

2010-03-24 | NB Power Sale

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The controversial 3.2-billion-dollar sale of NB Power assets to Hydro-Quebec was cancelled. New Brunswick Premier Shawn Graham announced the stunning reversal in the legislature. He said he could not accept changes demanded by the Quebec utility during negotiations to finalize the tentative agreement. (The deal had already been watered down to remove NB Power's transmission and distribution systems from the sale after a public backlash. But criticism continued, even among Graham's cabinet.)

Date: 2010-03-24
Placeline: FREDERICTON, New Brunswick.
Source: The Canadian Press
Length: 9 seconds

Transcript Prediction: << with Hydro Quebec proposed changes I do not believe New Brunswick received enough and direct benefits and reduce risk to provide a deal for signing >>


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