New Brunswick Power Corporation annual report, 1993/94

Net income for New Brunswick Power in the year 1993/94 was $23.7 million, up from $1.1 million the previous year. Total revenues decreased by $7.4 million as decreases in export sales were greater than in-province load growth and due to the impacts of a 5% rate increase in 1992 and 2.9% increase in January 1994. In-province energy sales revenues totalled $732.8 million, an increase of $25.1 million from 1992/93. Residential energy sales increased by 2.1% while the those to industrial customers declined by 1.4%, due to continuing economic difficulties in the pulp and paper and mining sector. Out of province revenues decreased by $33.3 million or 19.7%, with total energy exports decreasing by 688.6 GWh to 2453.6 GWh. A significant highlight of the year was integration of the Belledune generating station onto the New Brunswick sytem in October. A state-of-the-art coal fired facility, Belledune will contribute 450 MW to the system. Its flue gas scrubber will reduce sulfur dioxide emissions by 90%. 6 figs., 9 tabs