New Brunswick Power
 |
|
| Crown Corporation | |
| Industry | Electricity generation, transmission and distribution |
| Founded | April 29, 1920 |
| Headquarters | Fredericton, New Brunswick, Canada |
|
Area served
|
New Brunswick |
|
Key people
|
Gaëtan Thomas, President |
| Services | Electricity |
| Revenue |
 C$1,635 million (2010) |
 (C$170 million) (2010) |
|
|
(C$117 million) (2010) |
|
| Total assets |
C$5,379 million (2010) |
| Total equity |
C$174 million (2010) |
| Owner | Government of New Brunswick |
|
Number of employees
|
2,361 (2013) |
| Website | www.nbpower.com |
NB Power (French: Énergie NB), formerly known as the New Brunswick Power Corporation and the New Brunswick Electric Power Commission, is the primary electrical utility in the Canadian province of New Brunswick. NB Power is a vertically-integrated Crown Corporation wholly owned by the Government of New Brunswick and is responsible for the generation, transmission, and distribution of electricity. NB Power serves all the residential and industrial power consumers in New Brunswick, with the exception of those in Saint John, Edmundston and Perth-Andover who are served by Saint John Energy, Energy Edmundston, and the Perth-Andover Electric Light Commission, respectively.
The development of the electricity industry in New Brunswick started the 1880s with the establishment of small private power plants in Saint John, Fredericton and Moncton. Over the next 30 years, other cities successively electrified, so much so that in 1918, more than 20 companies were active in the electricity business, which left the province with wildly differing levels of services and prices. In Saint John for instance, the rates fluctuated between 7.5 to 15 cents per kilowatt-hour, depending on the location and the monthly consumption.
Recognizing the important role that electricity was about to play in economic development, Premier Walter E. Foster proposed the creation of a provincially owned electric company. The Legislative Assembly passed a bill to that effect. The New Brunswick Electric Power Commission (NBEPC) was created on April 24, 1920 under the ministry of Peter Veniot (Public Works). Immediately, the commission, headed by its first president, C. W. Robinson, launched the construction of a C$2 million hydroelectric dam at Musquash, west of Saint John. To supply the cities of Saint John, Moncton and Sussex, a 88 miles (142 km) long high voltage power line was also built.
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Wikipedia