New Brunswick extends contract for head of public power utility, grants pay bump

New Brunswick's public power utility has granted its president and CEO, Lori Clark, an extension to her contract and a pay increase. The provincial Liberal government has reappointed Lori Clark for another term, which will run until March 16, 2028. Premier Susan Holt made the cabinet's decision to renew Clark's contract as the province enacts significant reforms to the debt-ridden utility.

As per the order-in-council dated June 11, Clark's total pay will be $623,653 plus any cost-of-living increases. New Brunswick's public salary disclosure reveals that she earned up to $549,000 in 2025, following years of consistent raises from $350,000 as the interim CEO in 2022. Clark's remuneration is determined by the lieutenant-governor under the province's Electricity Act, as stated in the order-in-council document.