NB Power offered retirement packages to employees who were already leaving: audit – New Brunswick [Video]

New Brunswick’s electric utility company paid $1.15 million in early retirement incentives for eight employees who had already announced they were leaving the Crown corporation, said the province’s auditor general, Paul Martin, in a report released Tuesday.

This was among the key findings in the report on NB Power’s early retirement program.

The report noted the importance of sound decision-making at the provincial utility, warning that costly programs could lead to an increase in electricity rates for New Brunswick residents and businesses. It also warned that the reliability of the system was at stake.

The audit said it was unable to obtain any paperwork from NB Power to show how the corporation verified whether it was losing any essential workers during the implementation of its plan.

It also found that the Crown corporation didn’t save as much as it anticipated, when it first announced the program in October 2022.

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