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EUB Delays Ruling on NB Power’s 400‑MW RIGS Plant, Sets Second Hearing for March 31–April 2

The regulatory pause turns on whether NB Power adequately weighed falling battery costs against its claim the plant is needed to meet reserve requirements.

Overview

  • After week‑long hearings and closing arguments, the Energy and Utilities Board reserved its decision and will rule following a second session March 31–April 2 that will also examine a possible expansion to 500 MW and a 100‑MW sale to Nova Scotia.
  • NB Power’s proposed Renewable Integration and Grid Security facility near Centre Village would be built and owned by U.S. firm ProEnergy, supplying the utility under a 25‑year agreement.
  • NB Power maintains at least 400 MW of new capacity is required to uphold a 20% reserve margin and argues the plant is the fastest, cheapest and most reliable near‑term option.
  • Intervenors, including the Conservation Council, say the utility rushed its planning, relied on 2023 battery‑storage cost figures without updated analysis or market sounding, and failed to fully evaluate lower‑cost alternatives.
  • In related regional developments, Ottawa’s Defence Industrial Strategy—touting $180 billion in procurement and $290 billion in capital investment over 10 years—is being promoted to local suppliers, while Enbridge’s CEO signaled no interest in backing a new west‑coast pipeline.