A First Nations investor is not a requirement for the Tantramar gas plant deal with U.S.-based ProEnergy to proceed, said N.B. Power’s chief commercial officer, Brad Coady, on Tuesday. The Mi’kmaw rights impact assessment for the project in ongoing.
First Nations have option to participate, but that’s not part of regulatory process, says utility exec

Erica Butler · CBC News
· Posted: Jul 15, 2026 4:50 PM EDT | Last Updated: 3 hours ago
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Brad Coady, N.B. Power’s chief commercial officer, presented to Tantramar council on Tuesday, making a case for the 10-turbine gas and diesel project in a rural part of the municipality. (Municipality of Tantramar/Youtube)
A 500-megawatt gas and diesel power plant in rural Tantramar could go ahead without an Indigenous equity partner, according to an executive with N.B. Power.
“We’re doing a lot of good work in the renewable space with First Nations-led projects,” said chief commercial officer Brad Coady.
But the gas plant is “a little bit of a different project because it does have a fossil fuel or emissions component to it,” he said.
First Nations need to have the “ability or option to participate in projects,” said Coady,
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