HALIFAX — A Nova Scotia regulator has approved a 2.4 per cent power rate hike for 2025 to help the province's utility compensate for delays in Muskrat Falls electricity.
HALIFAX — A Nova Scotia regulator has approved a 2.4 per cent power rate hike for 2025 to help the province's utility compensate for delays in Muskrat Falls electricity.Because of the delays, Nova Scotia Power had to purchase fuel at a higher-than-normal price to provide electricity to its customers.
Ottawa announced the guarantee to avoid what it and the power company estimated would have been rate hikes of up to about 19 per cent a year to cover the costs of alternative fuels.
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