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Nova Scotia Power | The determination of tariffs threatens the fight against GHGs

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(Halifax) Nova Scotia Power president says government bill that would limit electricity rate increases in Nova Scotia would jeopardize that province’s goal of going coal-free by 2030 .

Peter Gregg told the Legislature’s Standing Committee on Law Amendments on Monday that the bill would restrict the private utility’s ability to make the immediate investments needed both to strengthen the network and to switch to power sources. renewable energies.

Gregg told committee MPs they had a choice to make and could not “logically” support both the bill and the province’s climate goals.

Nova Scotia Power, a subsidiary of Emera, is asking the provincial utility board to increase electricity rates by nearly 14% over the next two years. However, the Progressive Conservative government’s bill would limit these increases to 1.8% over the next two years – excluding increases directly related to fuel costs.

Bill Mahody, who pleads on behalf of consumers before the provincial board, also criticized the bill because the rate increases would be set by elected officials and not by an independent body.

According to Mahody, the bill could increase the cost of financing the utility, potentially resulting in much higher rates for consumers than the temporary savings resulting from the government’s one-time initiative.



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