Mactaquac Dam

I'm curious about the Mactaquac Dam. I've heard a lot of rumours about the construction, the current state, and what's going on around it.

Before I met her, my wife dated someone who worked there. He took her through areas that were generally closed off to the public. She recalls water leaks, suggesting future problems.

If that dam were to let go, it would surely be bad for Fredericton and every community along the St John River below. Grand Lake would suffer for it, too, though I'm unsure how much the water would rise there.

Is there a warning system in place in case of such an event? I know they've mismanaged the flow from the dam without warnings in the past. How would word get out if something catastrophic were to occur?

Does anyone (who can speak publicly) know the current state of discussions surrounding the site?