NB Power, the public electrical utility in New Brunswick, is in a very difficult financial situation. The utility loses money almost every year, mostly due to the poor performance of the nuclear plant, and the major energy generators on its grid are either due in the next seven years for major repairs (Mactaquac hydro station), shut down (Belledune coal plant) or licence renewal (Point Lepreau nuclear plant).
What can be done about this situation? The province launched a review of NB Power in 2025. The Review Panel’s interm report, due in December 2025, has been delayed. The final report is due in March 2026.
The CEDAR project’s submission to NB Power Review team is available at the link below. CEDAR researchers believe NB Power needs a complete overhaul. Key messages:
- The energy system – climate system connection is missing
- There is a strong case against nuclear power as a climate-friendly supply option
- Investing in new fossil fuel infrastructure is “moral and economic madness”
- Global energy systems are transitioning to renewable energy, and NB Power needs to do the same
- Renewable energy investments are already signalling the way forward in New Brunswick
- Customers expect a public electrical utility they can trust; they are getting the opposite.
- NB Power is frozen in the past. The utility needs a fundamental change of direction.
Read the full submission HERE.