Nova Scotia Power estimates scaled-down version of Atlantic Loop to cost $700 million

HALIFAX — The head of Nova Scotia's power utility says the current estimate for what has become known as a scaled-down version of the Atlantic Loop electrical grid project is about $700 million.

HALIFAX — The head of Nova Scotia's power utility says the current estimate for what has become known as a scaled-down version of the Atlantic Loop electrical grid project is about $700 million.

The line would carry power from future renewable energy projects between Nova Scotia and New Brunswick. He told reporters the total cost could double to $1.4 billion if the power line eventually runs west to Point Lepreau, N.B.

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