A panel reviewing the future of N.B. Power says the Holt government should take over a large part of the utility’s debt to reduce the pressure to raise rates for customers.
Panel on utility’s future says government should take over large chunk of its debt to reduce pressure on rates
Jacques Poitras · CBC News
· Posted: Mar 30, 2026 1:26 PM EDT | Last Updated: 1 hour ago
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N.B. Power’s debt is now estimated at $5.9 billion. (Silas Brown/CBC News)
A panel reviewing the future of N.B. Power says the Holt government should take over a large part of the utility’s debt to reduce the pressure to raise rates for customers.
The panel is also recommending that a second large nuclear power plant be built next to the existing Point Lepreau generating station — but that the troubled plant be split off from the Crown corporation and become a separate operation.
But the report released Monday warns there is no single, easy solution to fix the troubled corporation.
“Let us start with the bad news: there is no silver bullet or easy answer to achieve the overriding goal to have affordable,
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