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N.B. Power Plans Significant Rate Hikes Amid Rising Debt

10/12/2025

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Summary

Story summary

N.B. Power's CEO Lori Clark said customers should expect rate increases over the coming years due to rising debt.
The utility seeks a 4.75% rate rise for 2026, with tentative 6.5% increases planned for 2027 and 2028.
Clark noted the ongoing review may yield recommendations to manage increases, but solutions will not come quickly.
Kris Austin, Progressive Conservative MLA, questioned whether the debt burden will fall on ratepayers or taxpayers.

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Story summary

N.B. Power's CEO Lori Clark said customers should expect rate increases over the coming years due to rising debt.
The utility seeks a 4.75% rate rise for 2026, with tentative 6.5% increases planned for 2027 and 2028.
Clark noted the ongoing review may yield recommendations to manage increases, but solutions will not come quickly.
Kris Austin, Progressive Conservative MLA, questioned whether the debt burden will fall on ratepayers or taxpayers.