Reposted from QSLS.org
Video Source: STU Basement Tapes
Quebec balked at NB Power sale costs
Anonymous - CBC News
March 24, 2010
New Brunswick Premier Shawn Graham confirmed in the legislature Wednesday morning that his government will no longer sell NB Power's generation assets to Hydro-Québec.
The New Brunswick government had planned to sell NB Power's generation assets to Hydro-Québec for $3.2 billion.
"That is why it is with so much regret that I am announcing this morning that we are no longer proceeding with discussions to finalize the energy agreement with Hydro-Québec," Graham told the legislature.
<...> He said he has no regrets in pushing the power deal.
<...> Graham said the New Brunswick government will "take a moment to take a step back" and consider what should be done with the utility.
Progressive Conservative Leader David Alward said the government's decision to quash the agreement is a victory for all of those people who fought the deal.
"This is a wonderful day for democracy in New Brunswick," Alward said.
Read more: Full Article Source: CBC New Brunswick