J.D. Irving, Limited files application to reverse NB Power change that shifts low-cost power out of New Brunswick

For Immediate Release: October 23, 2026

Saint John –- J.D. Irving, Limited has filed an application to the New Brunswick Energy & Utilities Board (EUB) requesting that NB Power reverse a change that they have implemented that is adding unsustainable costs to New Brunswick manufacturers and putting local jobs at risk. The following statement was released today by the company, and is attributable to Mark Mosher, Executive Vice President, Pulp & Paper Division:

“Last year, NB Power applied to the EUB and received the ability to take lower-cost power out of the hands of New Brunswick manufacturers and instead sell it outside of the province, including to the United States.

This adjustment to rate calculations has caused millions of dollars in additional annual electricity costs for industrial customers.

No business can absorb such impacts, which will have devastating consequences if this decision is not reversed, not only to New Brunswick’s industrial employers, but to the families that rely on manufacturing jobs and the communities they call home.

The major employers most affected by this change were not notified of the proposal by NB Power nor were they informed of the magnitude of its impacts until after the ruling was made. We also understand the provincial government, including key ministers responsible for energy, natural resources and economic development, were not notified of this significant change.

We are now asking the Board to reverse its decision so that NB Power revert to the rate calculation it has used consistently for many, many decades.

Like all New Brunswickers, manufacturers are feeling the effects of continuing rapid electricity rate escalation. For several years, we have publicly raised the alarm about the growing impact of electricity costs on manufacturing competitiveness in New Brunswick. Successive NB Power rate hikes have resulted in a 38% increase over the last 4 years, with an additional 17% requested over the next 3 years, further entrenching an already uncompetitive business landscape.

The situation has become untenable, and we know where this leads. Last year, uncompetitive industrial electricity rates were the direct cause of Irving Paper having to downsize with the closure of one its two paper machines, and the loss of 140 jobs. Electricity affordability is vital, not only to large employers, but to all New Brunswickers.

NB Power should not be able sell its lowest-cost power to the United States and put New Brunswick jobs and communities at risk. This is just wrong.”

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Contact; Anne McInerney, J.D. Irving, Limited, (506) 651- 9092