HALIFAX – The Canadian government have offered a $500 million loan to Nova Scotia Power(opens in a new tab) and the provincial government that will not only help green the power grid and meet greenhouse gas targets, but also avoid the impact of a 19 per cent rate hike for Nova Scotia Power customers next year.
Canada’s Minister of Energy and Natural Resources Jonathan Wilkinson was in Halifax Monday to make the announcement and said the $500 million loan addresses an energy shortfall due to significant and unexpected delays in receiving hydro electricity power from Newfoundland and Labrador’s Muskrat Falls power station to the Maritime Link.
Read full story here: Federal loan to shield Nova Scotia Power customers from 19 per cent rate hike | CTV News
