Greater Moncton·New
N.B. Power estimated it would need to increase revenue from power rates by almost five per cent to pay for electricity from a new natural gas generating station in Tantramar, according to documents filed with the Energy and Utilities Board.
Utility’s regulatory filings also say it will need even more natural gas turbines by 2030
Jacques Poitras · CBC News
· Posted: Jan 13, 2026 5:00 AM EST | Last Updated: 26 minutes ago
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A new gas generating station in Tantramar could lead to N.B. Power having to increase bills by five per cent, according to documents. (CBC News)
N.B. Power estimated it would need to increase revenue from power rates by almost five per cent to pay for electricity from a new natural gas generating station in Tantramar, according to documents filed with the Energy and Utilities Board.
“The rate impact in the first full year of operation is 4.98 per cent,” said a November 2024 briefing note.
The documents also suggest the debt-plagued utility will be paying a higher cost for its gas plant arrangement than if it owned the facility itself — in the interest of getting it built and operating by 2028.
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