2009-05-28:
13:11:25
The Vice President of Operations for JD Irving says he would be out of a job if he managed the company’s budget the way NB Power has managed its budget. Wayne Wolfe says the utility had a 16 per cent increase in costs over two years for travel, vehicle expenses, labour and hired services–at a time when it should be cutting costs.
Vice President of Transmission and Distribution, Darren Murphy, says they have already cut some costs– but– he won’t compromise service or the environment to save money.
NB Power is trying to justify a three per cent rate increase at an Energy and Utilities Board hearing underway at the Delta. The utility is forecasting a 94 million dollar loss this year. Chartered Accountant, Andrew Logan, says there is nothing in the evidence to show the loss is not accurate.
