Power rate cap seen as possible - Published Friday November 6th, 2009

FREDERICTON - The door is open to inserting a cap on residential power rates in the proposed deal for NB Power, a Hydro-Québec spokesman says.

A Hydro-Québec meter is seen in Hudson, Que., near Montreal. A spokesman for the Quebec utility says a cap on residential electricity rates is possible in any deal that would see Hydro-Québec acquire most of the assets of NB Power.