POLITICS

NB Power reports positive earnings for 2012-13, debt climbed to $4.7 billion

08/29/2013 01:32 EDT | Updated 10/29/2013 05:12 EDT
FREDERICTON - NB Power says it had net earnings of $69 million in 2012-13, the third straight year it has reported positive financial results.

The earnings it recorded for the year ending March 31 are down from the previous year, however.

In 2011-12, it reported net earnings of $173 million and in 2010-11, it says finished the year with net earnings of $67 million.

The Crown corporations's debt at the end of the year increased by about $180 million to $4.7 billion.