{"id":76921,"date":"2026-04-06T10:04:22","date_gmt":"2026-04-06T13:04:22","guid":{"rendered":"https:\/\/www.chmafm.com\/welcome\/?p=76921"},"modified":"2026-04-06T10:22:35","modified_gmt":"2026-04-06T13:22:35","slug":"nb-power-provincial-review-warns-rising-costs-aging-systems-no-simple-solutions-in-sight","status":"publish","type":"post","link":"https:\/\/www.chmafm.com\/welcome\/nb-power-provincial-review-warns-rising-costs-aging-systems-no-simple-solutions-in-sight\/","title":{"rendered":"NB Power provincial review warns: rising costs, aging systems, no simple solutions in sight"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img data-dominant-color=\"554a4b\" data-has-transparency=\"false\" style=\"--dominant-color: #554a4b;\" fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"1024\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https:\/\/www.chmafm.com\/welcome\/wp-content\/uploads\/2026\/04\/Fit-for-the-future-report-setting.avif\" alt=\"\" class=\"wp-image-76950 not-transparent\" srcset=\"https:\/\/www.chmafm.com\/welcome\/wp-content\/uploads\/2026\/04\/Fit-for-the-future-report-setting.avif 1024w, https:\/\/www.chmafm.com\/welcome\/wp-content\/uploads\/2026\/04\/Fit-for-the-future-report-setting-600x600.avif 600w, https:\/\/www.chmafm.com\/welcome\/wp-content\/uploads\/2026\/04\/Fit-for-the-future-report-setting-300x300.avif 300w, https:\/\/www.chmafm.com\/welcome\/wp-content\/uploads\/2026\/04\/Fit-for-the-future-report-setting-768x768.avif 768w\" \/><figcaption class=\"wp-element-caption\"><em>Rendering of the digital copy of the NB provincial power review | *AI generated image<\/em><\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">A new provincial review of NB Power is warning that electricity rates in New Brunswick are likely to continue rising, as the utility faces mounting financial and infrastructure challenges.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Hear the audio below:<\/em><\/p>\n\n\n\n<figure class=\"wp-block-audio\"><audio controls src=\"https:\/\/www.chmafm.com\/welcome\/wp-content\/uploads\/2026\/04\/APR-6-2026-elections.mp3\"><\/audio><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The <strong><a href=\"https:\/\/www.gnb.ca\/content\/dam\/GNB3\/t\/enr-ern\/e-m-r\/r-n-b-p\/doc\/review-nb-power.pdf\">NB Power Comprehensive Review<\/a><\/strong>, launched by the provincial government in April 2025 and released end of March 2026, examined the Crown corporation\u2019s finances, operations, and long-term sustainability over a roughly year-long process.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The report points to several key pressures driving future costs, including increasing electricity demand, aging infrastructure, and the need for major investments in new generation and transmission systems.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It also highlights structural challenges within the utility, including a high debt load and ongoing concerns around governance and long-term planning.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In response, the review lays out approximately 50 recommendations aimed at improving oversight, strengthening financial stability, and better positioning NB Power to respond to future energy needs.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The findings come as NB Power is already under scrutiny over proposed projects, including a gas and diesel plant on the Chignecto Isthmus, and a recent request for a 4.75% rate increase that was denied by the Energy and Utilities Board.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">While the review does not propose immediate changes to rates, it suggests that upward pressure on electricity costs is likely to persist in the years ahead.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The report\u2019s overall message is that there is no quick fixes or simple solutions. The review affirms addressing the utility\u2019s challenges will require long-term planning, investment, and trade-offs between affordability, reliability, and sustainability.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new provincial review of NB Power is warning that electricity rates in New Brunswick are likely to continue rising, as the utility faces mounting financial and infrastructure challenges. Hear [&hellip;]<\/p>\n","protected":false},"author":50,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_tec_requires_first_save":true,"_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":[],"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueState":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":"","_VenueShowMap":false,"_VenueShowMapLink":false,"_tribe_blocks_recurrence_rules":"","_tribe_blocks_recurrence_description":"","_tribe_blocks_recurrence_exclusions":"","footnotes":""},"categories":[472,1579,558],"tags":[],"class_list":["post-76921","post","type-post","status-publish","format-standard","hentry","category-news","category-local-briefs","category-weekly"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>NB Power provincial review warns: rising costs, aging systems, no simple solutions in sight &#187; 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