Avoiding a 19 Per Cent Rate Hike

Nobody I know wants a 19% increase on their power bill.

This was about to happen - cost overruns Nova Scotia Power experienced on the Maritime Link project were going to be passed onto all of us.

Until a few days ago.

The federal government stepped up, and worked with the provincial government to offer NSP a loan guarantee of up to $500 Million. This will prevent rate hikes for households.

Long story short - we won’t see a 19% increase in the cost of power in Nova Scotia. That’s a good thing for the families who live in our communities here at home.