Tag: Ratepayer

Nova Scotia Power customers to foot $24M in storm recovery costs | CBC News

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Nova Scotia Power customers will see rates go up next year to pay for the utility’s cost of dealing with storms in 2023. In a newly released decision from the Nova Scotia Utility and Review Board, Nova Scotia Power got the green light to charge ratepayers $24 million starting in January 2025 through a mechanism called the storm cost-recovery rider. According to the board, the impact on rates will vary depending on the customer, but on average, rates will rise about 1.4 per cent. There were six storms in 2023 that…

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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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