Dexter OK's new N.B power deal

Nova Scotia Premier Darrell Dextersaysthe revised deal between NB Power and Hydro-Qubec isreasonable andreflects his province's concerns.

Under the new terms, NB Power maintains ownership and control of the transmission lines.

Dexter, along withNewfoundland and Labrador Premier Danny Williams,fearedlosing access to New England markets if Hydro-Qubec controlled thelines.

The new $3.2-billion agreement between the New Brunswick and Quebec governments is a dramatic shift from the $4.8-billion sale proposed last October, which had NB Power sellling its transmission and distribution systems.

Though Dexter said the change comes as a big relief, he still wants to see the small print. Heplans to have further discussions with New Brunswick Premier Shawn Graham.

"The premier of New Brunswick should be congratulated on listening," Dexter said. "I think it was a reasonable and reasoned position. He heard the concerns that we had."

In announcing the new terms Wednesday, Grahamsaidthe revisions were a result of listening to the public after the originaldeal was announced.