Nova Scotia Power won’t file application to increase rates for 2015

The Canadian Press
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HALIFAX - Nova Scotia Power doesn’t plan to file an application for higher electricity rates in 2015.

Nova Scotia Power's Tufts Cove.

The company says it also isn’t looking for more from its customers to cover a fuel rate increase.

The utility was granted a three per cent rate increase in 2013, and another three per cent increase at the beginning of this year.

It has said the rate increases would add about $3.50 per month to the average household power bill in each year.

President Bob Hanf says a two-year plan to stabilize rates passed by the Nova Scotia Utility and Review Board has led the company to reduce its operating costs.

The utility is owned by Emera Inc.

 

Organizations: Nova Scotia Power, Nova Scotia Utility and Review Board, Emera Inc.

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