The Globe and Mail reports today that, "Irving Oil Ltd. is looking to expand its energy exporting empire into electricity with a proposal to build a 600-megawatt gas-fired power plant that would be a key supplier to an ambitious new 'energy corridor' that New Brunswick and Maine plan to develop."
The gas-fired power plant, to be built near Saint John, would use "feedstock" from the $1-billion liquefied natural gas plant Irving is completing.
The article continues, "New Brunswick Premier Shawn Graham and Maine Governor John Baldacci Wednesday launched a study (to be conducted by Irving) to determine the feasibility of a new transmission corridor, which would carry electricity, natural gas and gasoline from the province to the energy-hungry U.S. Northeast."
New Brunswick premier Shawn Graham says the energy corridor "is going to increase the security and reliability for the northeastern states."