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Francois Beaulieu, acting chair of the New Brunswick Energy and Utilities Board, delivers an oral decision on Feb. 1, 2021. (Image: Zoom video capture) Redacted information submitted by Irving Oil as part of an application before the Energy and Utilities Board (EUB) will remain confidential — for the most part. Francois Beaulieu, acting chair of the board, issued an oral ruling Monday after a public interest hearing was held on the matter last week. Irving Oil recently applied to the board to increase wholesale petroleum margins by 3.02 cents for furnace oil and 4.09 cents from motor fuels. The company has also asked for an interim increase of three cents for furnace oil and 3.5 cents for motor fuels while it awaits a full hearing. In its application, Irving Oil redacted portions of its evidence, claiming it contained “proprietary, financial and/or commercially sensitive information” that needed to remain confidential. “If the claim for confidentiality is denied, Irving Oil will not be in a position to submit sufficient evidence to make its case,” said Len Hoyt, the lawyer for Irving Oil, who noted it would make it difficult for any wholesaler or retailer to make any case for margin increases. […]
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