Nova Scotia Journal

NDP bill would link Nova Scotia Power earnings to performance standards

Nova Scotia

Key takeaways: 

  • Premier says he’s considering diverse options about the rate growth application.
  • Nova Scotia Power’s Tufts Cove generating station in Dartmouth, N.S.

MLAs for the New Democratic Party want to link the earnings of Nova Scotia Power to the reliability and other performance standards they say are in the public interest.

The party tabled a bill Wednesday that would need the firm’s rate of return to be defined by measures like reliability, decarbonization, consumer satisfaction, energy efficiency, and a decrease in energy poverty and power bills.

Claudia Chender, the NDP’s natural resources and renewables analyst, said the recent introduction of the public rate application from NSP reminded everyone that their power is in the control of “a privately owned firm that is reliable, especially, to its shareholders.”

“And that’s why we saw the application for a massive rate growth in the middle of a huge cost-of-living problem and why we saw a try to destroy the solar industry effectively,” she stated in an interview at Province House.

Read more: N.S. budget notices a giant leap in health spending, a $500M deficit

The party tabled a bill Wednesday that would need the firm’s rate of return to be defined by measures

Nova Scotia Power’s application to the Nova Scotia Utility and Review Board is for a 10 percent rate growth over some years while keeping its assured rate of return of nine percent.

Chender said her party plans to pursue intervener status in the firm’s application.

But she said the party is also looking at what it can do through legislation to handle client concerns regarding the offered rate increase and reliability issues. She said the NDP intends to table more legislation.

“Because while the UARB alone holds it, we create the legislation that the UARB depends on, so we have a lot of options to make things right for Nova Scotians in terms of their energy supply, and that’s what we’re attempting to do.”

Source – cbc.ca

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