Peter Gregg, the CEO of Nova Scotia Power, centre, chats with federal Energy and Natural Resources Minister Jonathan Wilkinson, left, on Monday in Halifax.
Ottawa is negotiating a $500-million bailout for Nova Scotia's privately owned electric utility, saying the money will be used to prevent a big spike in electricity rates. Ottawa is negotiating a $500-million bailout for Nova Scotia's privately owned electric utility, saying the money will be used to prevent a big spike in electricity rates.
"Nova Scotians already pay higher energy bills than many provinces in the country. Immediate cost recovery of these costs in 2025 could have resulted in a potential near-term increase" in power rates, the minister said during a news conference. While the 180-kilometre undersea link — known as the Maritime Link — was completed on time and on budget, Muskrat Falls has suffered through power production difficulties and software glitches within the Labrador-to-Newfoundland transmission system.
Federal Energy and Natural Resources Minister Jonathan Wilkinson was in Halifax on Monday, Sept. 16, 2024, to announce that Ottawa is negotiating a $500-million bailout for Nova Scotia Power. In December 2023, Nova Scotia's Progressive Conservative government asked for Ottawa's help with the potential higher costs resulting from Muskrat Falls.
Kody Blois, the leader of the federal Liberal Atlantic caucus, said he finds it difficult to understand why Houston is taking an antagonistic approach."I look at the Facebook page of the premier and it's almost every other day he wants to create a fight with the government of Canada," Blois, a Nova Scotia MP, said during Monday's news conference.
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