N.B. Power to spend $3.4 million of proposed rate hike on higher industrial subsidies

Acting N.B. Power CEO Lori Clark told reporters last week that the 8.9 per cent rate increase the utility has applied for will be applied equally to all customers "across the board." (Ed Hunter/CBC)

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New Brunswick's six pulp and paper mills will not be made to pay the same 8.9 per cent increase for electricity next April as other customers of N.B. Power, evidence filed with the Energy and Utilities Board shows.

Last week the utility announced plans to raise rates 8.9 per cent "across the board" to all customers to address its rising expenses.

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Source: CBC News

 

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