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NB Power considers partnership with Ontario Power to combat Point Leprau volatility [Video]

New Brunswick News

New Brunswick Power’s CEO revealed Friday a set of December storms cost the power utility about $30 million, another significant pressure on their bottom line.

The crown corporation’s top brass answered questions during a public accounts committee Friday, a number of them related to NB Power’s financial challenges.

Those pressures also include $120 million in upgrades at the Point Lepreau nuclear generating station during an upcoming 100 day maintenance outage, which will also mean its energy generation will be down at least 30 per cent this year.

The goal is to have Point Lepreau operating at a 90 per cent efficiency on a yearly basis, but it’s experienced several years of volatility.

That is why NB Power is looking at a partnership opportunity with Ontario Generation Power, who obtains over 50 per cent of its power generation from its nuclear stations.

Clark admitted the utility has “fallen below” the industry …

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