Came across this story on the CBC:
NB Power sale gets environmentalists' support
Environmentalists are applauding the potential closure of the Coleson Cove Generating Station as a likely outcome of the proposed sale of NB Power to Hydro-Québec.
Under the proposed agreement, Hydro-Québec would purchase a majority of NB Power's assets for $4.8 billion, which would erase the public utility's debt.
Click here to read more.
Irvings favour the sale of NB Power because of lower industrial power rates, but interesting to see environmentalists onside as well. Closing Coleson Cove will be good for the environment... but a lot of people will be out of work and overall New Brunswick will lose its energy sovereignty.
It's also not often that environmentalists agree with Shawn Graham on something...
P.S. Danny Williams is not too happy about the sale, as Hydro Quebec is likely to block and/or obstruct Newfoundland power sales to the United States via New Brunswick; below, Premiers Shawn Graham and Danny Williams engage in a staring contest, who will win?
