September 10, 2012 – Federal and provincial ministers today announced the results of studies undertaken under the Atlantic Energy Gateway (AEG) aimed at enhancing co-operation among governments and regional power utilities for a cleaner energy future. The research identified “significant potential benefits from regional collaboration, including development and operating cost efficiencies, greater diversity in clean and renewable energy supplies, enhanced stability for ratepayers and lower greenhouse gas emissions for the Atlantic region”.

Efforts were directed at eight modelling and research studies, grouped within two general areas: 1) power system planning and operations modelling, and 2) clean energy industrial and economic development.

CLICK HERE for executive summaries of the AEG reports.

“NB Power’s generation capacity coupled with our geographical location makes New Brunswick not only a reliable source of electricity for our Atlantic partners, but also the natural gateway to north-eastern markets,” said Craig Leonard, acting minister of energy.

The AEG was announced in March 2009 with the objective of enhancing regional co-operation towards the development of Atlantic Canada’s clean energy resources. It represents a collaborative approach among the Atlantic Canada Opportunities Agency, Natural Resources Canada, the Atlantic Provinces, regional power utilities and electricity system operators.

“The Atlantic Energy Gateway initiative has brought the critical players in the region’s energy sector together to not only work toward an affordable, secure, clean energy future, but to also maximize the business and job growth potential of further developing our region’s clean and renewable energy industries,” said Bernard Valcourt, associate minister of national defence and minister of state for the Atlantic Canada Opportunities Agency (ACOA) and La Francophonie.