Fraser Papers' Edmundston mill may have brighter future with NB's power deal

Peter Gordon, CEO of Fraser Papers Inc. believes that the Edmundston mill will benefit from the province's decision to sell NB Power's assets to Hydro-Québec.

The deal will see New Brunswick's industrial power rates to be lowered to match Quebec's rates. That will lower the Edmundston mill's power bill by roughly 30%.

Fraser Papers is currently in bankruptcy protection. It employs about 350 people at the Edmundston mill.

The NB Power sale was announced Thursday, but a final agreement isn't expected until the end of March.

Read more:

NB Power deal could save Edmundston mill (CBC)