Overview
- The provincial government has accepted 44 of 50 recommendations from a three‑expert review, committing to governance, regulatory and consumer‑protection reforms at NB Power.
- The review blamed past political rate freezes and directives for more than $1 billion of NB Power’s debt and said the utility must be allowed to set rates that reflect its costs.
- The government will replace the public intervener with a stronger, independent energy consumer advocate who can challenge NB Power before the regulator.
- Officials deferred six recommendations for further analysis, including options to boost domestic natural gas production and possible public‑private restructuring of NB Power.
- The plan includes continued talks with Maritime partners on a joint operator and regional transmission projects and the government will provide quarterly updates on implementation.