ST Alpha - "Let's put it this way: the comments on the CBC are running about 90% against it (and they are normally a Liberal crowd) and the deal itself is" (Reading a Post)

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In response to "Yeah, I'm confused and not too up to speed on the Hydro deal, but it makes me wonder." by Name Withheld By Request

Let's put it this way: the comments on the CBC are running about 90% against it (and they are normally a Liberal crowd) and the deal itself is

Posted by Beaker (aka Anniebecca) Nov 20 '09, 11:28

retarded.

Essentially HQ gets all of NBP's assets for taking over their Long-term debt (about 4.75 billion).
The debt is self financing in that NB ratepayers will end up paying it one way or the other (either to NBPower or HQ) so essentially HQ just takes over the company...

NBP is NB's largest employer...for now...

HQ will pay no taxes on New Brunswick income (over the last 5 years NBP has made around $300 million and paid around $200 million in taxes = GONE from New Brunswick's bottom line)...

Rates are frozen for 5 years, year 6 looks to be in.sane. for rate increases.

Responses:

As a policy wonk myself, the public's appetite for the deal doesn't really weigh on me, but some questions on the deal.... - Name Withheld By Request Nov 20, 11:34 1
- answers: - Beaker Nov 20, 11:45
it will be a worse deal than Chrchill Falls was for Newfoundland (and I say that as a Newfoundlander) -- nm - Beaker Nov 20, 11:28

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Let's put it this way: the comments on the CBC are running about 90% against it (and they are normally a Liberal crowd) and the deal itself is

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