The engagement period is now closed and the final report and recommendations are now available.
Fit for the Future: A Comprehensive Review of NB Power (PDF 2.8 MB)
On this page
Current status: Closed
Overview
NB Power is projecting significant future rate increases that are creating affordability challenges for rate payers and competitiveness concerns for our export dependent industries. At the same time, the utility is burdened with a high debt to equity ratio exceeding 90% and limited options to grow equity.
Aging assets coupled with deferred maintenance are creating reliability and energy security concerns and challenging the ability to share risk when attracting investment.
There is a need to undertake a comprehensive review of the utility to ensure that everything possible is being done to provide competitive and stable rates, ensure reliability of service and ultimately position the utility to manage growth and the clean energy transition in an affordable, competitive and financially sustainable way.
Learn more about NB Power.
Timeline
What we heard
The leads of this review would like to thank all those who took the time to engage. We are pleased to share this report that summarizes what was heard during the engagement period.
This report captures the feedback collected during the engagement period and while the frequency and depth of discussion varied across topics and the ways in which feedback was collected, the insights consistently fell into six key themes outlined below. Each theme is explored in detail in the full report.
- Concern Over Rising Rates and Affordability
- Better and Clearer Communications from NB Power
- Focus on Better Performance and Cost Control
- Need for an Integrated and Long-Term Provincial Energy Strategy
- Better Governance – Both Within the Company and From Politicians
- Importance of Transitioning to a Cleaner Future
Engagement
Completed October session
Location |
Venue |
|
Monday, October 27 |
Miramichi, NB |
Miramichi Curling Club |
Tuesday, October 28 |
Caraquet, NB |
Caraquet Cultural Centre |
Tuesday, October 28 |
Bathurst, NB |
Bathurst Curling Club |
| Wednesday, October 29 4 - 6 PM |
Edmundston, NB |
Four Points by Sheraton Hotel |
| Thursday, October 30 11 - 1 PM |
Woodstock, NB |
NBCC Woodstock Campus Gymnasium 100 Broadway Street, Woodstock, NB E7M 5C5 |
Completed September session
Date and time |
Location |
Venue |
Wednesday, September 10 |
Moncton, NB |
Université de Moncton |
Thursday, September 11 |
Saint John, NB |
TSA Curling Club |
Thursday, September 11 |
Saint Andrews, NB |
W. C. O'Neill Arena Complex |
| Friday, September 12 4 - 6 PM |
Fredericton, NB |
Hugh John Flemming Forestry Centre |
July 23, 2025 New Brunswick Power Comprehensive Review Q and A Session
What we heard so far
As a part of this review, we continue to analyze the financial sustainability, governance and utility structure, investor attractiveness / strategic partnerships of NB Power. At the same time, we have been looking into customer experience and have engaged with New Brunswickers through email, meetings and virtual sessions. To guide our in-person sessions, we have summarized feedback from New Brunswicker’s in the What We Heard... So Far document. This document will help shape our in-person sessions and will be reviewed, added to, and updated as we hear from more New Brunswicker’s this fall.
Project scope
Priority areas:
- financial sustainability
- governance and utility structure
- investor attractiveness / strategic partnerships
- customer expectations