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N.B. Power, Hydro-Quebec ink multi-million energy deal

This is old news (October 29), but I appear to have missed it at the time. Hydro Quebec has negotiated a $4.7 billion deal to take over the distribution, transmission and generation assets, with the exception of the coal-fired plants, from cash-strapped NB Power. The deal includes 7 hydroelectric stations and a nuclear facility. In return, residents and businesses willbe able to obtain electricity at a lower rate than they currently pay. The agreement will be signed in March 2010.

January 2010

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