New Brunswick·New
Had the Point Lepreau Nuclear Generating Station gone offline during a late January cold snap earlier this year N.B. Power would have faced crippling sustained costs of more than $9 million a day to replace its energy, the utility’s chief financial officer testified on Tuesday.
Utility hasn’t ‘adequately invested’ since Lepreau refurbishment, vice-president tells rate hearing
Robert Jones · CBC News
· Posted: Mar 10, 2026 5:03 PM EDT | Last Updated: 22 minutes ago
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N.B. Power’s senior vice-president Darren Murphy, left, and chief financial officer Justin Urquhart testified all day Monday and Tuesday at the utility’s rate hearing. (Roger Cosman/CBC)
Had the Point Lepreau nuclear generating station gone offline during a late January cold snap earlier this year, N.B. Power would have faced crippling sustained costs of more than $9 million a day to replace its energy, the utility’s chief financial officer testified on Tuesday.
Justin Urquhart was explaining the consequences N.B. Power faces when the nuclear plant goes offline and the importance of preventing that from happening.
“If Point Lepreau had been down for seven days during that time period, the incremental cost of fuel and purchased power would been approximately $67 million for those seven days,” Urquhart told the New Brunswick Energy and Utilities Board.
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