The Federal government has announced it provide about $270 million to help improve New Brunswick’s energy resilience.
Much of the funding is for ‘pre-development’ work on the Mactaquac Dam renewal project
Jordan Gill · CBC News
· Posted: Oct 13, 2026 11:31 AM EDT | Last Updated: 3 hours ago
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The bulk of the federal money will help N.B. Power with its program to extend the life of the Mactaquac Dam, which has a problem with degrading concrete. (Tara King-Stewart/CBC)
The federal government says it will put about $270 million into helping New Brunswick improve its energy resilience.
The bulk of the money, $219 million, will be a loan from the Canada Infrastructure Bank to N.B. Power in “pre-development funding” for a project to extend the life of the aging Mactaquac Dam.
About $50 million will go toward improvements at the Salisbury Terminal, a substation that transmits power throughout the Maritimes.
“Together these projects show what smart investments in our grid can do,” Tim Hodgson, the federal energy minister, said at the announcement Tuesday at the dam west of Fredericton on the St. John River.
“They create jobs here in New Brunswick,
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