N.B. Power executives were unable to disclose an approximate cost for the proposed gas and diesel generating plant in Tantramar during the initial day of the Energy and Utilities Board hearing. The hearing is examining whether the project meets the criteria of prudence.
The project’s financial details remain unclear as regulators and stakeholders seek more information to assess the viability and justification of the new generating facility.
**Why this matters**
The cost and prudence of the Tantramar plant are critical factors in determining its approval and impact on energy rates. Transparent financial estimates are essential for informed decision-making by regulators and the public.
Source: NewsData