Tag: Nova Scotia Power

Federal loan to shield Nova Scotia Power customers from 19 per cent rate hike | CTV News

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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…

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N.S. Power fined $1M for again failing to meet performance standards | CBC News

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Nova Scotia Power is facing a $1.25-million penalty for failing to meet its 2023 performance standards. The Nova Scotia Utility and Review Board announced the fine in a written decision released Monday morning. The board noted that Nova Scotia Power has taken some steps to improve service reliability for its customers, but overall it said progress “has been lagging.” “More needs to be done and with greater urgency,” the board said. Read full story here: N.S. Power fined $1M for again failing to meet performance standards | CBC News

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Regulator OKs Nova Scotia Power’s $354M battery project | CBC News

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Nova Scotia Power is gearing up to build battery systems at three sites to help bring energy stability to the grid as the province moves to replace fossil fuels with renewable energy sources. The utility expects the project to cost about $354 million, with about $116 million covered by a federal grant and the remaining $237 million footed by ratepayers. NSP has financed some of the cost through the Canada Infrastructure Bank, with investment from the Mi’kmaw-owned Wskijnu’k Mtmo’taqnuow Agency. Read full story here: Regulator OKs Nova Scotia Power’s $354M…

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N.S. Power wants ratepayers to cover $22M bill for last year’s storm damages, repairs | CTV News

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Nova Scotia Power has filed an application with the province’s Utility and Review Board (UARB) to have ratepayers cover the cost of last year’s storm damage to the tune of $22 million. It’s a request that isn’t sitting well with Premier Tim Houston. “I wish Nova Scotia Power would have more empathy towards Nova Scotians,” Houston says. “Folks are already paying a lot in Nova Scotia when it comes to power. If you look at the last couple of years, you’ve seen combined increases near 15 per cent bills and…

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N.S. Power wants $31M from ratepayers for Michelin plant upgrade | CBC News

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Nova Scotia Power applied to regulators Friday for permission to spend $31 million for an electrical upgrade at the Michelin Tire plant at Waterville. If approved, the French tire maker will benefit, but all ratepayers will share the cost because of what Nova Scotia Power says is an unprecedented performance standard imposed by the Houston government in 2022. The province says its standards are designed to help large industrial operations that have complained about brief power interruptions leading to production shutdowns and financial losses. Read full story here: N.S. Power…

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Task force recommends creation of independent N.S. energy operator | CTV News

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The Clean Electricity Solutions Task Force(opens in a new tab) is recommending the creation of an independent energy operator to oversee new infrastructure. According to the task force’s final report, the Nova Scotia Independent Energy System Operator (NSIESO) would be based on a not-for-profit model and would oversee “open competition for procurement of all new infrastructure, including generation, transmission, distribution, and storage.” The report says Nova Scotia Power would be able to bid in any competitive process overseen by the system operator. Rad full story here: Task force recommends creation…

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Nova Scotia Power wants customers to pay $1.7M interest on leftover Fiona bill, documents show | CBC News

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Nova Scotia Power has provided details on a plan to have ratepayers pick up a $24.6-million bill left over from post-tropical storm Fiona — including nearly $2 million in interest charges. The brutal September 2022 storm is long gone but cleanup costs are still on the books. On Friday, Nova Scotia Power proposed collecting the $24.6 million from ratepayers over a five-year period starting in 2025, after a provincial government rate cap expires. That would cost customers another $1.7 million in interest, according to documents submitted to the Nova Scotia…

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New year sees Nova Scotia Power rate increase take effect | CBC News

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Nova Scotia Power customers will pay 6.5 per cent more on average for electricity in 2024, after a rate increase took effect on Jan. 1. The rate hike was ratified in February last year as part of a 13.8 per cent jump to bills over two years. At the time, increases of 6.9 per cent were forecast each year, but that has changed slightly bringing this year’s change to 6.5 per cent. Read full story here: New year sees Nova Scotia Power rate increase take effect | CBC News

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Nova Scotia Power wants customers to foot leftover $25M Fiona bill | CBC News

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Post-tropical storm Fiona may be in the rear-view mirror but it’s still on the front burner for Nova Scotia Power. The company is stuck with a $24.6-million bill that it says is threatening its profits. This week Nova Scotia Power asked regulators for permission to collect $24.6 million in Fiona-related operating costs — like meals, travel and overtime — from ratepayers over an unspecified period of time. It is the first time the company has asked the Nova Scotia Utility and Review Board (UARB) to defer so-called operating, maintenance and…

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Emera Refuses To Cut Shareholder Returns For ‘Grossly Overestimated’ Maritime Link | CBC News

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The parent company of Nova Scotia Power has rejected a request from regulators to voluntarily reduce shareholder returns on the $1.5-billion Maritime Link, instead announcing a donation to the Salvation Army as compensation over delays. The Nova Scotia Utility and Review Board had urged Emera — through its affiliate Nova Scotia Power Maritime Link — to lower its nine per cent rate of return because the project has failed to deliver promised benefits. The transmission system was completed three years ago to import hydroelectricity from the massive turbines at Muskrat Falls in Labrador. Read full…

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