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Originally Posted by EnvisionSaintJohn
NB Power is a joke… but are there any air quality benefits from the upgrades they invested in for Orimulsion, or was it really just $700 million wasted? If so, I’m starting to understand why Shaun Graham was such a hated premier. That seawater to hydrogen stuff might not have been as huge of a loss as the Orimulsion fiasco, but it was far stupider.
I’ve heard so many stories about NB Power being one of the most poorly run, bloated, and inefficient crown corporations in the country, yet somehow we have cheaper electricity costs than a lot of other places in Canada.
There’s still a huge opportunity for a second CANDU at Point Lepreau, along with SMR projects, or the fuel recycling project proposed by Moltex.
This medical isotope proposal, if realized, could help NB attract more nuclear experts to the province, and could be a catalyst towards building a second CANDU reactor, or some SMRs.
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Our energy rates are low because they aren't paying off the debt, currently $5.7 billion, which is up by $800 million from 2020. And Mactaquac is going to cost $9 billion.
Power rates are political candy in NB. Cap the rates. Freeze the rates. Subsidize the rates. Ignore the debt, let the next government deal with it.
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