Letters about NB Power

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Letters about NB Power[edit]

Daily Gleaner March 17, 2010 Letters to the Editor http://dailygleaner.canadaeast.com/search/article/987077

'It's a Matter of Trust'

Re: Sale of NB Power assets

The best way to explain the problem with the sale of New Brunswick's utility is to present a story as an analogy.

Imagine that the premier shares a number of assets with his wife. They include a home, cottage, a small business and a quantity of land.

Unbeknownst to him, the premier's wife brokers a deal to sell all their assets, and then, without warning, comes home and announces this.

Puzzled, he wonders what possessed her to do this without consulting him? She responds that she is concerned about their debt. He learns that the individual with whom she has been negotiating, Joe Shady, is less than reputable.

She also informs him that the deal must be signed very soon.

"What's the hurry?" he asks.

The answer is that a deal could cause them to lose a small percentage in the selling price.

He asks if other potential buyers were contacted to which there is no clear answer.

The premier tries to be understanding but "worry" starts to set in. He wasn't consulted, he knows the buyer has fleeced a family member in another deal and the process seems terribly rushed.

Furthermore, she seems to be unwilling to disclose all the details of the proposed sale. He finds himself questioning the sincerity of his wife.

Does she have an alternative motive?

Realizing that the premier is unhappy, and in an effort to get him to sign off on the deal, Mrs. Premier renegotiates the deal with Joe Shady.

Again, she surprises him with an announcement that she has a new deal.

This time, only the business and the land is included in the deal. Again, not consulted, rushed, lacking details and still uncomfortable with Joe Shady, the premier is very upset.

His wife's lack of respect for his opinion drives him to start thinking of divorce.

Frustrated, Mrs. Premier says, "OK. Have your say but we're not changing the deal."

Just like the premier in this fictional example, many of the people of New Brunswick feel disrespected, rushed, uninformed, and worried about the proposed buyer.

It could very well turn out that there will be a divorce in the premier's real life, a divorce from the people of New Brunswick in the next election.

Seems it's a matter of trust.

Rex Tracy

Fredericton


http://dailygleaner.canadaeast.com/search/article/987077