NB Power
The Lord government shuffled the company's structure in early 2003 by introducing amendments to the "Electricity Act". The Act reorganized NB Power into a holding company with four divisions: NB Power Distribution and Customer Service, NB Power Generation, NB Power Nuclear, and NB Power Transmission. The Act maintained the company's distribution, transmission, and nuclear power monopolies, but opened the door to competition in the generation business. The reorganization also created the "New Brunswick Electric Finance Corporation", which was responsible for issuing, managing and paying NB Power's debt through payments dividends, fees and taxes paid by the various subsidiaries, and the New Brunswick System Operator, an independent market operator that administered relationships between power generators and users.