TERRACE BAY, ON – AV Group Terrace Bay Inc. jointly announces with the United Steel Workers (USW 665) and International Brotherhood of Electrical Workers (IBEW 1861) ratification of a four-year collective agreement. The collective agreement covers approximately three hundred hourly employees at the Terrace Bay operation which produces over 320,000 tonnes of bleached softwood pulp annually. “AV Group is pleased with the cooperative effort in which this agreement was struck,” stated Terrace Bay President Dennis Visintin. “This agreement provides certainty for our operations and security for employees as we enter a favorable period for the kraft market. It aligns well with creating an employer of choice environment for current and prospective employees. It’s the right agreement at the right time.” added Visintin.
New Brunswick’s six pulp and paper mills will not be made to pay the same 8.9 per cent increase for electricity next April as other customers of N.B. Power, evidence filed with the Energy and Utilities Board shows. Last week the utility announced plans to raise rates 8.9 per cent “across the board” to all customers to address its rising expenses. …But in a 200-page evidence package submitted with the application to the EUB, the utility revealed it will be using $3.4 million of the $135.8 million higher rates are expected to generate to raise subsidies it supplies to six New Brunswick pulp and paper mills. Part of that will cover an expected increase in the consumption of power by the mills next year. …The subsidies are the responsibility of N.B. Power to finance, but the payments are required by provincial regulation, and the increases are not the result of business decisions made by the utility.