General

Pulling the plug

New Brunswick bails on deal to sell energy assets to Hydro-Québec

Hydro-Québec is officially out of New Brunswick. After several months of difficult negotiations that saw New Brunswick Premier Shawn Graham take a political beating from his constituents, the $3.2 billion deal that would have seen the Quebec powerhouse control the lion’s share of New Brunswick’s energy assets is off the table. Though he at first endorsed the deal, Graham now says the changes Hydro sought in the deal were “unacceptable.” Incidentally or not, New Brunswickers head to the polls in September.

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