N.B. Premier Shawn Graham calls off $3.2-billion NB Power sale to Hydro-Quebec

The Canadian Press ~ The News
Send to a friend

Send this article to a friend.

Fredericton -

New Brunswick Premier Shawn Graham says he is no longer proceeding with the controversial $3.2-billion sale of NB Power assets to Hydro-Quebec.
Graham says changes sought by Quebec in recent weeks made the deal unacceptable for New Brunswick.
He delivered the unexpected announcement in the legislature today.
The initial $4.75-billion sale of New Brunswick's 90-year-old public utility announced last year included transmission and distribution assets.
At the time, Graham touted the deal as one that would reduce the province's staggering debt and lower power rates in his province.
But the deal was later watered down to a $3.2-billion deal for 10 power plants with transmission and distribution off the table.
The changes came after public outcry in New Brunswick and dissent from within Graham's Liberal caucus.

Organizations: NB Power, Hydro-Quebec

Geographic location: New Brunswick, Fredericton, Quebec

  • 1
  • 2
  • 3
  • 4
  • 5

Thanks for voting!

Top of page

Comments

Comments

Recent comments

  • Mark
    July 02, 2010 - 13:35

    There goes NB's last chance to balance the books.

  • Manny
    July 02, 2010 - 13:34

    Thank you Danny Williams for the warning about HQ. Nice to see the people of NB standing up to the bully that is HQ.
    Nasty Nate..You need to get a life!

  • Elizabeth
    July 02, 2010 - 13:34

    I guess NB premier wants another term as premier so he backed out of the deal or he realizes now how Quebec can manipulate the contract like they did with NL and are doing so now by not acknowleging and agreeing to change the terms of the Churchill contract which is pure robbery by today's standards. If he was smart, Graham should have a secret meeting with Danny Williams and together they can make it difficult for the govt. of Quebec! Payback time!!

  • John Doe
    July 02, 2010 - 13:34

    The thing that I could never understand is how could a crown corporation, Hydro Quebec, buy anything while the province of Quebec is receiveing billions in transfers. HQ originally offered 5 billion dollars, that's quite a chunk of change for a province who also receives welfare from Ottawa. Shouldn't they be required to spend the 5 billion in PQ, before they go shopping around looking for other utilities?

  • John Doe
    July 02, 2010 - 13:31

    Hey Samsquatch, you should concern yourself with what goes on in NS, God knows you guys have enough to worry about. With a premier like yours I wouldn't be commenting on Premier Williams. Mr. Williams hasn't tried to claim anything. All he did was to stand up(alone at the time) and show that he had the courage to tell NB that what they were about to do was a huge mistake. He was right.

  • fintip
    July 02, 2010 - 13:30

    Those who ignore history are doomed to repeat it. In 1994, then Premier Clyde Wells attempted to sell this province's public utility to a private company. Public outrage forced an about-face just as it has now in NB. Clyde quit politics shortly after but landed on his feet with a Supreme Court NL appointment. Despite failing in his efforts to irrevocably transfer control of the New Brunsiwick energy corridor to Quebec and his inevitable defeat in the upcoming election (if he hangs around that long), Shawn Graham will also no doubt land on his feet. The bet is that it will be a lucrative senior position with a large corporation. He may have failed to deliver the crown jewels to his friends in high places, but surely he deserves a bonus for trying.

  • Ernie
    July 02, 2010 - 13:30

    Now Shawn Graham sees Quebec for what they really are when it comes to fair deals. Remove the word fair , and that's the only time Quebec will show up making offers. They are a bunch of sneaky, whiney separatists with whom Ottawa treats with kid gloves as not to rock the cradle. They will lowball, undercut and rob you at any chance they get. What took you so long Shawn ? You were the last person to get this.

  • Donny
    July 02, 2010 - 13:28

    Wilf from BC what did HQ win? Nothing. They won nothing. They lost an opportunity to rob NB and ended up with nothing. You sound like a winner yourself.

  • George
    July 02, 2010 - 13:24

    Elizabeth Garland from St. John's, NL how do you know Graham hasn't had a secret meeting with Mr. Blue Kool-aid?

  • John
    July 02, 2010 - 13:23

    New Brunswick finally sees the light -- thanks in large part to warnings about Hydro-Quebec from the One, the Only, DANNY WILLIAMS !! (Take a bow, sir, you're brilliant.)

  • Taxpayer
    July 02, 2010 - 13:23

    What a stupid way to go about it. If they had any brains at all they would do it like Newfoundland by stleath.

  • Samsquantch
    July 02, 2010 - 13:23

    John Eason from Victoria, British Columbia how about you put your real name in your posts instead of your pseudonym. I don't believe your name is real. I think you made it up, I see no proof. I sincerely hope you don't have too much trouble comprehending this post. Calling your Danny brilliant and giving him credit for HQ for pulling out of the deal is pure dillusion. Don't forget, Danny is the guy on the outside looking in because he doesn't play nice and nobody wants him around, except for his cult worshippers. Toodle-lou !

  • Percy
    July 02, 2010 - 13:22

    TO NASTY NATE...YOU must be a real die hard LIBERAL to the core...
    You must lead a very boring life if that is all you have to do is condem, condem, condem our Premier...Danny williams..the best Premier we have ever had, and will ever have...bar none..
    He has gotten this Province of NL/Labrador on the map...to a HAVE province..
    That would NEVER happen under the LIBERAL government. Need we wonder why the LIBERALS are so low in the polls? I rest my case...now, go and smell the roses, and have a great day..

  • Steve
    July 02, 2010 - 13:22

    Well some wonders never cease!

    We actually have a politician who actually listened to the people.

    I am guessing prospects of a provincial election can't be too far into the future.

  • John
    July 02, 2010 - 13:22

    NOTE to Samsquantch from NS:
    Your idiotic Comment is totally incomprehensible.
    And you lack the intestinal fortitude -- like most other people -- to actually idenify yourself. Cheers, have a nice day!

  • W
    July 02, 2010 - 13:21

    He has gotten this Province of NL/Labrador on the map... to a HAVE province.. That would NEVER happen under the LIBERAL government.

    = = =

    Newfoundland and Labrador/Labrador?

    Percy, a ''have'' province is one that no longer qualifies for equalization. The reason the province no longer qualifies for equalization, is the revenue which comes in from the offshore projects and Voisey's Bay, under agreements which were signed long before Danny Williams was ever Premier, and are you sitting down? they would have returned that amount of money to the treasury no matter who was currently Premier, which means are you still sitting down? the province would have no longer qualified for equalization no matter whether Danny Williams or Danny Bonaduce or Hank Williams was Premier.

  • Don't Understand!
    July 02, 2010 - 13:20

    John Doe from NL writes: The thing that John Doe said:

    I could never understand is how could a crown corporation, Hydro Quebec, buy anything while the province of Quebec is receiveing billions in transfers. HQ originally offered 5 billion dollars, that's quite a chunk of change for a province who also receives welfare from Ottawa. Shouldn't they be required to spend the 5 billion in PQ, before they go shopping around looking for other utilities?

    John Doe, I could not think of asking a more appropriate question mystel. Why don't we put that question to The Federal Government?

    Before you would be able to collect Welfare, if you had money in your account, you first would have to spend that money before you would receive relief from the Government, wouldn't you? I think the same should apply for equilization. Quebec received $8.5 Billion last year!

  • Member of the 93%
    July 02, 2010 - 13:19

    Percy from ST.JOHNS, NL you say Danny williams is the best Premier we will ever have? Did you dream this or did you see it in your crystal ball? Or did you read it from some tea leaves or a few bones you threw? Tell us. By the way, king danny says we are headed into a second deficit in a row. Under who's leadership is this I wonder? Good thing we have all this oil to keep us afloat. Imagine if we didn't. Imagine. Have province my arse. What do we have? Really, what do we have? We have a few individuals becoming extremely wealthy in oil. Our roads need repair, our health care system is in crisis again, the fishery is a state, we have lawsuits with everyone, their grandmothers and their grandmothers' dogs. We have Temper Tantrum Kennedy and King Kool-Aid Blue behaving like Kim Jong Il and pushing NL medical staff to say they've had enough of the bs, and they just called him out. The Pandora's Box has been opened. Now King Kool-Aid Blue has backed himself into a corner - this should be interesting. I wonder if he blows a valve? Vickie Kaminsky has been a horrible, horrible failure and has not done what she was hired to do, avoid health care scandals. But she fell asleep at the helm. Nice job there knoobs.

  • steve
    July 02, 2010 - 13:19

    nasty nate you are dumb.

  • Robb
    July 02, 2010 - 13:18

    To Nasty Nate...really pal, you should reconsider everything you say....then people may only think you are stupid.....hey Wilf from BC, there is a reason you are in BC....a win for Hydro Quebec...??...what are you, as stupid as Nasty Nate..??...

  • buddy
    July 02, 2010 - 13:18

    there musn't be any Danny Williams fans on here today yet - I try to judge all politicians fairly and now it does seem to me that Danny called this one right, right from the get-go

  • Tom
    July 02, 2010 - 13:17

    oh nasty nate, where would we be without your constant Danny bashing... probably in the same place we are now seeing as no one cares about your one sided opinion! This was a bad deal to begin with and it is about time that the NB gov realized it! It was not in public favour from the get go. PEI will be next to fall out, wait and see...

  • J.D.
    July 02, 2010 - 13:16

    Another victory for NL but please don't give up the fight yet Premier Williams. Seems to be a never ending battle for justice in this country so I feel we are very fortunate to have such a strong leader to take the reins.

    NL will be the envy of the rest of Canada in the near future. Premier Williams will far and away be the #1 reason for this turnaround.

  • Samsquantch
    July 02, 2010 - 13:16

    I laughed so hard when I read John Eason from Victoria, British Columbia remarks. Thanks for the laugh ! But you do realize of course, the amount of history books out there that explain the original Churchill Falls fiasco with Joey Smallwood. Quebec found out about the lack of funds and Joey had to take whatever Quebec offered. Joey had no choice. It was something (Quebec) or nothing. The history was already there. I'm quite sure Little Man Dan would have liked to make up that history and take credit for it, but he can't claim it because there's too much evidence to refute those lies. There is 'tousands and tousands of it dere b'y so I don't know what yer gettin' on wit'.

  • Tasty Flake
    July 02, 2010 - 13:14

    Nasty Liberal Nate. Working over time. Trolling the telegram with his crap. If I didn''t know any better I swear he was in love with Mr. Williams. I can hear his bedtime prayers. Oh God why couldn't Danny be a Liberal. Oh please Lord give us someone with half a brain. Ha ha keep trolling Nate. Your such a joke. Your brainless comments keep me quite entertained.

  • elizabeth
    July 02, 2010 - 13:14

    how does 1 person sell what belongs to the people ///????????one person should not have this much power..let the people vote on them kind of deals,,

  • Wilf
    July 02, 2010 - 13:12

    The way I see it is that the decision has little to do with premier Graham..When the transmisson lines were removed from the potential deal with Quebec, the deal was no longer in the best interest of Hydro Quebec. They then made the negotiations so difficult that NB had no choice but to back out..A win for Quebec Hydro in this case..

  • Nasty
    July 02, 2010 - 13:12

    Shawn is no dummy. He knows he has Williams over the barrel now..Looks like a sweet deal for transmission rights and free power for the people of MB if Labrador is still part of Newfoundland by the time the lower Churchill is built and brought on line. At the rate Williams is going Labrador will separate long before Williams even has a plan approved anyway and NB will be dealing with the premiere of Canada's Newest addition, The Territory of Labrador.

  • Better Read
    July 02, 2010 - 13:11

    Guess people failed to read the whole story. Danny had little to do with this save for his big mouth. Have another look. Hydro Quebec pulled out since it was not in Quebec's Best Interest at this time.

    The proposed deal to sell NB Power's generation assets to Hydro-Québec fell apart over Quebec's concerns about unanticipated costs, according to the two provincial premiers.

    Not due to Danny like people would like to think. Danny could not get over the fact that he runs a has been province and showed his immaturity at each chance he was provided. Just because Danny likes to spend millions of dollars in tax payers money to drill dry wells does not mean others are as foolish.

  • Jerome
    July 02, 2010 - 13:11

    Sounds familiar.
    Public protestations got to such a level that the government backed down. Has the Hydro Queen moved to New Brunswick?

  • Hank
    July 02, 2010 - 13:10

    Shawn Graham decided to keep his job.

  • Mark
    July 01, 2010 - 20:25

    There goes NB's last chance to balance the books.

  • Manny
    July 01, 2010 - 20:23

    Thank you Danny Williams for the warning about HQ. Nice to see the people of NB standing up to the bully that is HQ.
    Nasty Nate..You need to get a life!

  • Elizabeth
    July 01, 2010 - 20:23

    I guess NB premier wants another term as premier so he backed out of the deal or he realizes now how Quebec can manipulate the contract like they did with NL and are doing so now by not acknowleging and agreeing to change the terms of the Churchill contract which is pure robbery by today's standards. If he was smart, Graham should have a secret meeting with Danny Williams and together they can make it difficult for the govt. of Quebec! Payback time!!

  • John Doe
    July 01, 2010 - 20:23

    The thing that I could never understand is how could a crown corporation, Hydro Quebec, buy anything while the province of Quebec is receiveing billions in transfers. HQ originally offered 5 billion dollars, that's quite a chunk of change for a province who also receives welfare from Ottawa. Shouldn't they be required to spend the 5 billion in PQ, before they go shopping around looking for other utilities?

  • John Doe
    July 01, 2010 - 20:20

    Hey Samsquatch, you should concern yourself with what goes on in NS, God knows you guys have enough to worry about. With a premier like yours I wouldn't be commenting on Premier Williams. Mr. Williams hasn't tried to claim anything. All he did was to stand up(alone at the time) and show that he had the courage to tell NB that what they were about to do was a huge mistake. He was right.

  • fintip
    July 01, 2010 - 20:18

    Those who ignore history are doomed to repeat it. In 1994, then Premier Clyde Wells attempted to sell this province's public utility to a private company. Public outrage forced an about-face just as it has now in NB. Clyde quit politics shortly after but landed on his feet with a Supreme Court NL appointment. Despite failing in his efforts to irrevocably transfer control of the New Brunsiwick energy corridor to Quebec and his inevitable defeat in the upcoming election (if he hangs around that long), Shawn Graham will also no doubt land on his feet. The bet is that it will be a lucrative senior position with a large corporation. He may have failed to deliver the crown jewels to his friends in high places, but surely he deserves a bonus for trying.

  • Ernie
    July 01, 2010 - 20:18

    Now Shawn Graham sees Quebec for what they really are when it comes to fair deals. Remove the word fair , and that's the only time Quebec will show up making offers. They are a bunch of sneaky, whiney separatists with whom Ottawa treats with kid gloves as not to rock the cradle. They will lowball, undercut and rob you at any chance they get. What took you so long Shawn ? You were the last person to get this.

  • Donny
    July 01, 2010 - 20:16

    Wilf from BC what did HQ win? Nothing. They won nothing. They lost an opportunity to rob NB and ended up with nothing. You sound like a winner yourself.

  • George
    July 01, 2010 - 20:09

    Elizabeth Garland from St. John's, NL how do you know Graham hasn't had a secret meeting with Mr. Blue Kool-aid?

  • John
    July 01, 2010 - 20:09

    New Brunswick finally sees the light -- thanks in large part to warnings about Hydro-Quebec from the One, the Only, DANNY WILLIAMS !! (Take a bow, sir, you're brilliant.)

  • Taxpayer
    July 01, 2010 - 20:08

    What a stupid way to go about it. If they had any brains at all they would do it like Newfoundland by stleath.

  • Samsquantch
    July 01, 2010 - 20:08

    John Eason from Victoria, British Columbia how about you put your real name in your posts instead of your pseudonym. I don't believe your name is real. I think you made it up, I see no proof. I sincerely hope you don't have too much trouble comprehending this post. Calling your Danny brilliant and giving him credit for HQ for pulling out of the deal is pure dillusion. Don't forget, Danny is the guy on the outside looking in because he doesn't play nice and nobody wants him around, except for his cult worshippers. Toodle-lou !

  • Percy
    July 01, 2010 - 20:06

    TO NASTY NATE...YOU must be a real die hard LIBERAL to the core...
    You must lead a very boring life if that is all you have to do is condem, condem, condem our Premier...Danny williams..the best Premier we have ever had, and will ever have...bar none..
    He has gotten this Province of NL/Labrador on the map...to a HAVE province..
    That would NEVER happen under the LIBERAL government. Need we wonder why the LIBERALS are so low in the polls? I rest my case...now, go and smell the roses, and have a great day..

  • John
    July 01, 2010 - 20:06

    NOTE to Samsquantch from NS:
    Your idiotic Comment is totally incomprehensible.
    And you lack the intestinal fortitude -- like most other people -- to actually idenify yourself. Cheers, have a nice day!

  • Steve
    July 01, 2010 - 20:06

    Well some wonders never cease!

    We actually have a politician who actually listened to the people.

    I am guessing prospects of a provincial election can't be too far into the future.

  • W
    July 01, 2010 - 20:05

    He has gotten this Province of NL/Labrador on the map... to a HAVE province.. That would NEVER happen under the LIBERAL government.

    = = =

    Newfoundland and Labrador/Labrador?

    Percy, a ''have'' province is one that no longer qualifies for equalization. The reason the province no longer qualifies for equalization, is the revenue which comes in from the offshore projects and Voisey's Bay, under agreements which were signed long before Danny Williams was ever Premier, and are you sitting down? they would have returned that amount of money to the treasury no matter who was currently Premier, which means are you still sitting down? the province would have no longer qualified for equalization no matter whether Danny Williams or Danny Bonaduce or Hank Williams was Premier.

  • Don't Understand!
    July 01, 2010 - 20:02

    John Doe from NL writes: The thing that John Doe said:

    I could never understand is how could a crown corporation, Hydro Quebec, buy anything while the province of Quebec is receiveing billions in transfers. HQ originally offered 5 billion dollars, that's quite a chunk of change for a province who also receives welfare from Ottawa. Shouldn't they be required to spend the 5 billion in PQ, before they go shopping around looking for other utilities?

    John Doe, I could not think of asking a more appropriate question mystel. Why don't we put that question to The Federal Government?

    Before you would be able to collect Welfare, if you had money in your account, you first would have to spend that money before you would receive relief from the Government, wouldn't you? I think the same should apply for equilization. Quebec received $8.5 Billion last year!

  • Member of the 93%
    July 01, 2010 - 20:02

    Percy from ST.JOHNS, NL you say Danny williams is the best Premier we will ever have? Did you dream this or did you see it in your crystal ball? Or did you read it from some tea leaves or a few bones you threw? Tell us. By the way, king danny says we are headed into a second deficit in a row. Under who's leadership is this I wonder? Good thing we have all this oil to keep us afloat. Imagine if we didn't. Imagine. Have province my arse. What do we have? Really, what do we have? We have a few individuals becoming extremely wealthy in oil. Our roads need repair, our health care system is in crisis again, the fishery is a state, we have lawsuits with everyone, their grandmothers and their grandmothers' dogs. We have Temper Tantrum Kennedy and King Kool-Aid Blue behaving like Kim Jong Il and pushing NL medical staff to say they've had enough of the bs, and they just called him out. The Pandora's Box has been opened. Now King Kool-Aid Blue has backed himself into a corner - this should be interesting. I wonder if he blows a valve? Vickie Kaminsky has been a horrible, horrible failure and has not done what she was hired to do, avoid health care scandals. But she fell asleep at the helm. Nice job there knoobs.

  • steve
    July 01, 2010 - 20:00

    nasty nate you are dumb.

  • Robb
    July 01, 2010 - 20:00

    To Nasty Nate...really pal, you should reconsider everything you say....then people may only think you are stupid.....hey Wilf from BC, there is a reason you are in BC....a win for Hydro Quebec...??...what are you, as stupid as Nasty Nate..??...

  • buddy
    July 01, 2010 - 19:59

    there musn't be any Danny Williams fans on here today yet - I try to judge all politicians fairly and now it does seem to me that Danny called this one right, right from the get-go

  • Tom
    July 01, 2010 - 19:58

    oh nasty nate, where would we be without your constant Danny bashing... probably in the same place we are now seeing as no one cares about your one sided opinion! This was a bad deal to begin with and it is about time that the NB gov realized it! It was not in public favour from the get go. PEI will be next to fall out, wait and see...

  • J.D.
    July 01, 2010 - 19:56

    Another victory for NL but please don't give up the fight yet Premier Williams. Seems to be a never ending battle for justice in this country so I feel we are very fortunate to have such a strong leader to take the reins.

    NL will be the envy of the rest of Canada in the near future. Premier Williams will far and away be the #1 reason for this turnaround.

  • Samsquantch
    July 01, 2010 - 19:56

    I laughed so hard when I read John Eason from Victoria, British Columbia remarks. Thanks for the laugh ! But you do realize of course, the amount of history books out there that explain the original Churchill Falls fiasco with Joey Smallwood. Quebec found out about the lack of funds and Joey had to take whatever Quebec offered. Joey had no choice. It was something (Quebec) or nothing. The history was already there. I'm quite sure Little Man Dan would have liked to make up that history and take credit for it, but he can't claim it because there's too much evidence to refute those lies. There is 'tousands and tousands of it dere b'y so I don't know what yer gettin' on wit'.

  • Tasty Flake
    July 01, 2010 - 19:53

    Nasty Liberal Nate. Working over time. Trolling the telegram with his crap. If I didn''t know any better I swear he was in love with Mr. Williams. I can hear his bedtime prayers. Oh God why couldn't Danny be a Liberal. Oh please Lord give us someone with half a brain. Ha ha keep trolling Nate. Your such a joke. Your brainless comments keep me quite entertained.

  • elizabeth
    July 01, 2010 - 19:53

    how does 1 person sell what belongs to the people ///????????one person should not have this much power..let the people vote on them kind of deals,,

  • Wilf
    July 01, 2010 - 19:50

    The way I see it is that the decision has little to do with premier Graham..When the transmisson lines were removed from the potential deal with Quebec, the deal was no longer in the best interest of Hydro Quebec. They then made the negotiations so difficult that NB had no choice but to back out..A win for Quebec Hydro in this case..

  • Nasty
    July 01, 2010 - 19:50

    Shawn is no dummy. He knows he has Williams over the barrel now..Looks like a sweet deal for transmission rights and free power for the people of MB if Labrador is still part of Newfoundland by the time the lower Churchill is built and brought on line. At the rate Williams is going Labrador will separate long before Williams even has a plan approved anyway and NB will be dealing with the premiere of Canada's Newest addition, The Territory of Labrador.

  • Better Read
    July 01, 2010 - 19:48

    Guess people failed to read the whole story. Danny had little to do with this save for his big mouth. Have another look. Hydro Quebec pulled out since it was not in Quebec's Best Interest at this time.

    The proposed deal to sell NB Power's generation assets to Hydro-Québec fell apart over Quebec's concerns about unanticipated costs, according to the two provincial premiers.

    Not due to Danny like people would like to think. Danny could not get over the fact that he runs a has been province and showed his immaturity at each chance he was provided. Just because Danny likes to spend millions of dollars in tax payers money to drill dry wells does not mean others are as foolish.

  • Jerome
    July 01, 2010 - 19:48

    Sounds familiar.
    Public protestations got to such a level that the government backed down. Has the Hydro Queen moved to New Brunswick?

  • Hank
    July 01, 2010 - 19:45

    Shawn Graham decided to keep his job.