Irving firms benefit from NB Power deal
November 28, 2009
Manufacturing facilities connected to J.D. Irving Ltd. dominate a list of 50 companies that would benefit from $91 million in power rate cuts following the proposed sale of NB Power to Hydro-Québec.
The list, released by the New Brunswick government Friday afternoon, shows that 14 of the 50 companies are connected to the Irving group — 12 to J.D. Irving Ltd. and two to Irving Oil.
'In terms of this specific deal, we were not involved in any of the negotiations leading up to this.'—Mark Mosher, J.D. Irving Ltd.
But J.D. Irving Ltd. didn't have any involvement in the proposed deal to sell NB Power, said Mark Mosher, vice-president for pulp and paper.
"In terms of this specific deal, we were not involved in any of the negotiations leading up to this," he said.
Last year, Mosher told CBC News J.D. Irving might move its mill to Quebec if it didn't get lower power rates.