Energy and Utilities Board submits written decision on rate increase
Fredericton, N.B. – The Energy and Utilities Board (EUB) has rendered its written decision regarding the 2016/17 rate increase application made by NB Power. On Thursday June 30, the EUB approved a revised rate increase of 1.66 per cent across all customer classes effective July 1, 2016. The decision follows four days of public hearings conducted in May 2016 during which NB Power responded to detailed questions about the utility’s rationale for the rate increase from EUB members, public and private interveners and members of the public. The written decision is available on the EUB website.
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