The provincial Liberal government extended the contract for NB Power president and CEO Lori Clark, and the renewal comes with a significant pay increase. If you follow New Brunswick politics, you know the public utility faces major financial challenges.
New Contract Terms
Premier Susan Holt and her cabinet reappointed Clark for another term running through March 16, 2028. This decision arrives as the province enacts sweeping reforms to fix the debt saddled utility. According to an order in council dated June 11, Clark will receive a total pay of $623,653 along with any future cost of living increases.
This new figure represents a steady climb in executive compensation. As reported by CBC News, New Brunswick public salary disclosures show Clark made up to $549,000 in 2025. When she first stepped into the role as interim CEO in 2022, her salary reached a maximum of $350,000.
Who Sets the Salary
You might wonder who approves these executive pay rates. Under the New Brunswick Electricity Act, the lieutenant governor determines the remuneration for the head of NB Power. The recent order in council makes this latest salary bump official as the utility navigates its ongoing financial and operational overhaul.
Frequently Asked Questions
How much does the NB Power CEO make?
Under the new contract, CEO Lori Clark earns $623,653 plus annual cost of living increases.
How long is the new contract?
The provincial government extended the contract for Lori Clark through March 16, 2028.
Who decides the NB Power CEO salary?
The lieutenant governor determines the compensation under the rules of the provincial Electricity Act.
NBPower is a Money Pit from top to bottom. Until they are forced to haul in their horns, trim the fat and stick to their knitting (supplying taxpayers low cost energy) and getting out of the pie in the sky research and development industry it will continue to drag us down.