NB Power

NB Power maintains three per cent increase for 2009-10 (09/02/27)

NB 244

Feb. 27, 2009

FREDERICTON (CNB) - A rate increase at an average of three per cent will be maintained by NB Power for 2009-10.

"These are challenging times for New Brunswickers, and we continue to look for new ways to reduce and control costs in order to provide them with greater predictability," said Darren Murphy, vice-president of transmission, distribution and customer service.

Some of the measures undertaken to reduce and control costs include:

This rate change will take NB Power a step closer to its commitment to eliminate the residential declining block rate by April 2010, by reducing the difference between the two remaining blocks while holding the monthly service charge at the current rate. The gap is also being reduced by the residential flat rate, which was applied to newly constructed single-family dwellings built on or after Jan. 5, 2009.

NB Power's goal is to keep electricity costs as low as possible. It continues to work with Efficiency New Brunswick to assist customers in finding ways to reduce their energy consumption through energy efficiency.

The NB Power Group employs more than 2,500 New Brunswickers, and consists of a holding company and four operating companies. The group operates a diverse network of generating stations consisting of nuclear-, hydro-, coal-, oil- and diesel-powered stations, with an installed net capacity of 3,959 MW. The NB Power Group is committed to serving its more than 375,000 customers in New Brunswick with safe, reliable and efficient electricity.

09/02/27

MEDIA CONTACT: Heather MacLean, manager, media relations, 506-458-6618, or e-mail: hemaclean@nbpower.com.

09/02/27