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Our commitment to New Brunswickers

We’re committed to serving our communities. As the COVID-19 situation in New Brunswick evolves, we’ll continue to adjust and expand our services accordingly, while respecting physical distancing and safety protocols.  
 
Find out how we’re supporting our customers, and see which services remain suspended.

 

Our commitment to New Brunswickers

New Brunswickers can once again benefit from our residential, commercial and industrial energy efficiency programs. Our community outreach program remains on hold. We’ll continue to do our part to contain the spread of COVID-19 by respecting physical distancing and safety protocols.  

News

NB Power issues first quarter financial and operating results

2019-08-28


Fredericton, N.B. – NB Power today issued its financial and operating results for the first quarter of the fiscal year 2019-2020 showing operating earnings of $62 million for the three month period, an increase of 13% over the same period last year. Full details of NB Power’s first quarter financial and operating highlights are available in the report.

The operating earnings improvement was mainly due to increased electricity sales volumes both in and out of province.  Export sales were particularly strong exceeding the same period last year by 106%.

Operational highlights were as follows:

  • Energy Efficiency Awards were held in Moncton to highlight leading-edge technologies, innovative ideas and stewardship projects throughout the province.
  • Investments of $2 million were announced by NB Power and Natural Resources Canada on an energy-conservation and research project to test Conservation Voltage Reduction (CVR).
  • The Town of Shediac, NB Power, and Natural Resources Canada announced the first Smart Energy Community project to create a major green energy initiative in the town. It will serve as a testing ground for new technologies being developed by NB Power and Siemens Canada.

MEDIA CONTACT: Sheila Lagacé, communications, NB Power, 506-458-4375; SLagace@nbpower.com