Federal government announces more than $1 billion to meet New Brunswick’s electrical needs

Feds spend $1B on N.B. clean energy The federal government is spending more than $1 billion on green energy initiatives in New Brunswick.

Natural Resources Canada announced it will spend more than $1 billion for the province of New Brunswick to meet growing electricity demands in a news release Sunday.

Canada’s Minister of Environment and Climate Change Steven Guilbeault and Minister of Public Safety, Democratic Institutions and Intergovernmental Affairs Dominic LeBlanc, announced the funding.

The ministers said NB Power estimates the funding could help power up to 140,000 homes in the following ways:

“Switching to clean electricity can save New Brunswickers money on their monthly bills, while building that cleaner grid means more quality unionized jobs,” Guilbeault said. “Making sure our grid is zero-emitting is a major step to fighting climate change, truly a win-win-win for everyone.”

The ministers also said the federal government reached an agreement with the government of New Brunswick on forthcoming clean electricity regulations that will allow the electrical system to grow, decarbonize and remain affordable.

“The Canada Infrastructure Bank is making investments in provincial energy systems which will enable new generation, storage and transmission while minimizing ratepayers impacts and creating greater Indigenous ownership opportunities,” LeBlanc said.

Across Canada, electricity operators are taking advantage of the more than $60 billion over the next decade in federal support to help build 21st century electricity grids said the release.

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