The Nova Scotia Utility and Review Board has given Nova Scotia Power the go-ahead to raise power rates an average of 2.4 per cent. The money collected through higher rates will cover the first instalment of paying down a $500-million federally backed loan. The electric utility applied for the rate increase last fall after securing a long-sought federal bailout. Nova Scotia Power has said it needed the money to balance unrecovered fuel costs that it had been shouldering as part of the fallout from delays to the Muskrat Falls hydroelectric…
Read MoreNova Scotia Power gets green light to raise power rates 2.4% | CBC News
