September 20, 2017
News Latest News | Poll Questions | National Monument | Opioid Epidemic | Hurricane Jose

Canadian merger worries Maine governor

MONTREAL — Maine Gov. John Baldacci says he’s concerned about the proposed sale of NB Power of Canada to Hydro-Quebec and he is anxious to voice those concerns to Quebec Premier Jean Charest.

Baldacci deputy chief of staff David Farmer tells the Canadian Press the governor wants to have a better understanding of what the deal would mean for Maine, which imports some of its power from New Brunswick.

In the tentative $4.5 billion (U.S.) agreement, Hydro-Quebec would take over the majority of NB Power’s assets — including transmission lines to Maine.

The proposal would give Hydro-Quebec more access to lucrative markets in the northeastern United States. Some fear it could cut off Canadian competitors from exporting energy to New England.


Did we get something wrong? Please, Let us know, submit a correction.

You may also like