SAINT JOHN, N.B. - Municipal utilities in New Brunswick will receive tax rebates of $1 million a year to help them cope with a rate freeze as part of the deal to sell some NB Power assets to Hydro-Quebec.
Energy Minister Jack Keir says it will allow them to offer the same residential, commercial and industrial rates over the next five years as NB Power.
Keir says industrial customers using municipal distribution systems will also get the same rate reduction as those tied into the main utility.
There are three municipal electric utilities in New Brunswick including Saint John Energy, Edmundston Energy and the Perth-Andover Electric Light Commission.
Saint John Mayor Ivan Court says it will be good for his city.