trending Market Intelligence /marketintelligence/en/news-insights/trending/iyurcgm1-o2i9nvnx3n9gg2 content esgSubNav
In This List

NB Power settles with nuclear refurbishment insurers, to lower rate request

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Blog

Research Brokers Accelerate Their Coverage of Electric Vehicles

Blog

SEC Climate Disclosure Requirements Heating Up: How to Take Action

Blog

Insight Weekly: US bank M&A; low refinancing eases rates impact; Texas crypto mining booms


NB Power settles with nuclear refurbishment insurers, to lower rate request

NB Power plans to lower its current rate request, after reaching a settlement with insurers of its Point Lepreau Nuclear Generating Station refurbishment project.

The insurers underwrote a construction all risk insurance policy during a refurbishment project at the nuclear plant, according to a March 26 news release. The specific details of the insurance settlement are subject to a confidentiality agreement.

The company plans to ask the New Brunswick Energy and Utilities Board to temporarily adjourn the current rate proceeding to assess the implications of the settlement. NB Power had originally requested a 2% overall rate increase.