Tag: NSURB

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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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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Gasoline Analyst Questions N.S.’s Regulated System After Price Swings – Nova Scotia – CBC News

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Nova Scotians have had gas prices spike three times in the last two weeks, with the Utility and Review Board invoking the interrupter clause on Sept. 2 to raise the price. (The Associated Press) A petroleum analyst is questioning Nova Scotia’s practice of setting weekly gas prices after large recent swings in the cost of filling up. Dan McTeague with gasbuddy.com said the price of gasoline on global markets has been steadily going down since Hurricane Harvey caused it to spike, and dropped “dramatically so as early as late last week.” He’s criticizing the Nova…

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