$30-Million Investment For Small Nuclear Reactor At Point Lepreau
ARC Clean Energy Canada has just completed its first round of financing, bringing in $30-million.
ARC Clean Energy Canada has just completed its first round of financing, bringing in $30-million.
The 2 percent raise is the highest amount the utility is allowed to raise rates this year without having to apply to the New Brunswick Energy and Utilities Board for approval.
The Coalition for Responsible Energy Development in New Brunswick is calling for the decommissioning of the Point Lepreau Generating Station, and greater transparency in response to NB Power’s efforts to secure a 25-year nuclear operating license.
Auditor General Paul Martin says NB Power’s residential energy efficiency programs fall short of providing wider access to energy-saving opportunities.
Outgoing Saint John Energy CEO Ray Robinson says the utility is working to become a “utility of the future” through a series of innovative partnerships in the green economy.
Public hearings begin this week on renewing the operating license for the Point Lepreau Nuclear Generating Station.
The corporations operate on about 20 percent of the more than five million hectares identified in the claim as traditional Wolastoqey lands, according to the Wolastoqey Nation.
In January 2021, NB Power sent its renewal application to the Canadian Nuclear Safety Commission, an independent federal nuclear regulator. Since early July 2021, officials from the CNSC have been reviewing the application.
NB Power and Malta Inc. have signed a term sheet and are working toward establishing a benefits agreement that could lead to one of the largest long-duration energy storage facilities in the world.
How Saint John Energy helped propel The Smart Energy Company from a small firm focused heavily on the residential market to be one of New Brunswick’s leading renewable energy developers.