Tag: Utility Company

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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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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